I was in a Keough account, now my boss has retired and I need to roll it over..any advice?

Question

I was in a Keough account, now my boss has retired and I need to roll it over..any advice?

Answer 1

Roll Over to a no fee IRA.

Vanguard, Fidelity, Schwab, eTrade might be an idea.

What to do after?

Depending on your age and time to retirement, you might want to consider Dollar Cost Averaging in the S&P 500 Index, and Mid-cap 400 Index and the Russell 2000 Small Cap Index.

Dollar Cost Average

http://en.wikipedia.org/wiki/Dollar_cost...

S&P 500 Index

http://en.wikipedia.org/wiki/S&P_500

Mid-cap 400 Index

http://finance.google.com/finance?q=NYSE...

Russell 2000 Small Cap Index.

http://www.russell.com/Indexes/character...

Here you will have the 500 largest companies in America; the 400 largest mid-sized companies, and a portfolio of the 2000 largest small companies. I know it sounds like an oxymoron.

You should be looking at a 10 year time frame for these indexes. Some say 5 years, but in my 19 years in the markets I tell people to look at 10-15 years for an investment time frame and dollar cost average every month into these indexes.

For more help, seek a professional advisor in your area with 10+ years market and retirement experience.

Answer 2

Fidelity specializes in rollovers and they're super user-friendly.