What should we do with $96,000? (1 Viewer)

[danielmclark]

My wife and I currently have $96,000 in an old 401k that we've just paid back a loan from, so we can now decide to do something with it. I'm going to meet with a local financial advisor, but I'm also curious what you guys would do with it. This isn't the only retirement account we have, but it's the largest. It's been a very good account for us because it's about 20% company stock from a job that my wife used to have. The return since inception (mid-2000's) is over 19%.

I'm good with basic banking and credit, but I'm pretty clueless about advanced topics like stock trading and retirement options. So "throw it all into the market tomorrow" probably won't work for me But I learn well and I'm willing to explore options that I'm not well versed in yet. We are not averse to some risk, but this account needs to be pretty stable.

So... leave it alone? Put it somewhere else? Roll it into an IRA? Something else?

 

[dgreen]

How old are you?

 

[Bourbon Cowboy]

FFA VEGAS PARTY!!!

 

[Parrothead]

I'd spend half of drugs and booze, and then waste the other half..

 

[Guest]

You can never go wrong with hookers and blow.

 

[fantasycurse42]

If you aren't of retirement age, keep funding it and letting it grow

 

[Vike Me]

Diversify your bonds.

 

[jfranco77]

IRA, index fund, low fees.

Or go see a financial advisor and put together a balanced portfolio that might give you a little better return.

 

[HERBERT THE HIPPO]

How old are you?

 

[Arizona Ron]

How old are you?

How old are you?

 

[Hooper31]

Not many replies so far, but shocked I haven't seen the "hookers and blow" option yet.

 

[Ignoratio Elenchi]

How old are you? What does the rest of your retirement portfolio look like?

Without any more info, and assuming you don't have some amazing investment options in the 401(k), I'd say roll it into a traditional IRA at Vanguard and invest in one of their Target Retirement Funds.

Then go to the bogleheads wiki and do some reading.

 

[Black Box]

What would the Biebs do?

 

[dgreen]

How old are you?

How old are you?

Sorry, that may have been offensive. I'll rephrase:

How young are you?

 

[Captain Quinoa]

Let it sweat

 

[snogger]

How old are you?

How old are you?

How old are you? What does the rest of your retirement portfolio look like?

Without any more info, and assuming you don't have some amazing investment options in the 401(k), I'd say roll it into a traditional IRA at Vanguard and invest in one of their Target Retirement Funds.

Then go to the bogleheads wiki and do some reading.

 

[Ignoramus]

I would leave it in the IRA but diversify it so you're not so heavily invested in a single company.

 

[HERBERT THE HIPPO]

What is your age?

 

[dgreen]

I'd suggest buying some Arian Foster stock.

 

[STEADYMOBBIN 22]

When were you born ?

 

[MikeIke]

When were you born?

 

[tipsy mcstagger]

What is the day your mother pushed you out of her beardedoysterroastbeefcurtains?

 

[MCguidance]

How many years have you been with us?

 

[wazoo11]

Help a relative's niece/nephew with college debt?

 

[matttyl]

How many trips around the sun have you taken?

 

[danielmclark]

How old are you?

39 and 40. Retirement is still a ways away.

 

[EddieSpaghetti]

How long have you been on Earth?

 

[ClownCausedChaos2]

When did you rip your mother a new one?

 

[NewlyRetired]

Roll the money into an IRA. That way you will have relatively unlimited choices instead of the limited choices you have in the 401k.

You would need to provide a ton more info before anyone could give you any real advice beyond that.

 

[arrow1]

bitcoins

 

[Parrothead]

when was the date you were conceived plus nine months?

 

[chet]

Bitcoin

 

[Captain Quinoa]

Bitcoin

thought you would say 'wipe'

 

[James Daulton]

webcam

 

[Rayderr]

How many orbits around the sun has the Earth made since you've been born?

 

[chet]

Bitcoin

thought you would say 'wipe'

Child, please.

 

[Parrothead]

better call Saul

 

[(HULK)]

2 chicks at once

 

[Buck Bradcanon]

LOOK AT ME I'M A ####### ROCKEFELLER

 

[phrozen]

Who is your daddy and what does he do?

 

[Sarnoff]

How large of a statue of Robocop could be built with that kind of money?

I'm asking for a friend.

 

[Quint]

Go long on Walgreen's.

 

[Dentist]

If you're asking here I assume you know nearly nothing about money.

Roll it into an IRA, put all your money into a target date retirement fund

They have one for just about every 5 years.. so if you want to retire in 25 years i'd pick the Vanguard 2040 or 2045 fund.

Done

 

[Timmay]

Bet it all on the Super Bowl, you can almost double your money (minus juice). Over 47.

 

[Scoresman]

Split it amongst the first 45 posters in this thread.

 

[EddieSpaghetti]

Buy half a share of Berkshire Hathaway...Currently trading at 173,000 per share....

 

[E Street Brat]

Who is your daddy and what does he do?

And have sex with his wife

 

[Doctor Detroit]

Buy a cable access channel and talk about weed. Call it the Weed Channel, turn $96k into $126k and a lifetime supply of Fritos.

 

[SHIZNITTTT]

buy a really nice car, spend the rest on a very nice vacation. #### the wait till 66 to enjoy it. do something fun while still young.

 

[datonn]

Wheat pennies. :dodds: