Ive been asked to choose what type of investment account rollover my 401 k?

Question

they told me that my money market account only produced 1.8% after one yr .any advice ?

Answer 1

Here is my take on investment. You should keep your investments simple and low cost. Considering it is your retirement assets tax efficiency is not a concern.

You could choose from the target retirement funds, also called life cycle funds, from Vanguard, Fidelity or T Rowe Price. Also balanced funds like Vanguard Wellington, T Rowe Price Capital Appreciation, Fidelity Balanced are good  options.

Ultimately your investment options depend on your situation: age, risk tolerance etc.

Answer 2

That was a plus 1.8%.  Most other options would have produced a negative return.  Some a large negative return.  However,  a one year return should not be used to judge the performance of a 401k.  It might be a good opportunity to move some of the money market amount to equity investments, maybe 50%.  I can not advise you beyond that because I do not know what your options are.