I am 39 and I have $42,000 in the 401(k) with my previous employer. I am married with a six-month old baby. I am starting in a new job making around $187,000 a year. My new employer offers a 403(b) plan with matching contributions after one year employment. I will contribute the $15,000 maximum per year to the plan. I don't have an IRA right now. I am a doctor and I expert my earnigs to keep growing. Should I rollover all or part of my 401(k) into the new 403(b)? Since I am not well versed in investment alternatives, should I move it all or a good portion of the $42,000 to an IRA under a well-recommended manager? Are there other alternatives? Thanks for any advice.
- posted
16 years ago