I have three major "chunks" of retirement savings:
- 401(k) at a previous employer that I had stopped receiving statements for three years ago (they moved their 401k, I moved to a new address...poof)
- Rollover IRA consisting of all B shares (to compensate a financial advisor sigh) in "socially responsible" mutual funds
- My current 401(k), 1 year old, 100% allocated to an S&P index fund because I was rushed to choose
I also realized I wanted to allocate my current 401(k) and didn't really know how best to do that, so last week I invited a friend over who is good with finances and put her to work ;) By the end of the evening, I understood how to allocate across different types of "stock" funds and I had a burning desire to get on with my action list:
- Call the previous employer to get access to my 401(k) information and obtain rollover forms
- Open a new rollover account and initiate the 401(k) transfer
- Get web access to my current 401(k) to access fund research and allocation tools
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