[Meghan]

I recently (finally) rolled over my first ever 401k to an IRA and I need some advice on what to do with it.

With the market being down it’s a perfect time for it but I want to make wise choices regarding it.

So, what would you do with a >$10k chunk as a 29 year old?

For context I do have other 401ks and a Roth that will max for the first time this year.

Thanks!

[Watson]

you rolled it over excellent! As mentioned ignore the naysayers about the market.

When I was 29 that’s when I figured out to ignore the news.

The number one thing is for you to understand what you are investing in.

S&P 500 funds (many to choose from but mostly the same) are very popular.

If you understand what it is, invest in that.

I use Vanguard but I’m boring and old.

We are all very proud of you Megan! Keep shaking and learning and you’ll get there.

[Saul]

I myself would pick VTSAX and/or VOO and chill!!! This would be in Vanguard

[Sean]

I mean I wouldn’t have rolled it over. But since you’ve already don’t that now all that’s left is to invest it.

[Lisa]

Don’t worry about the current market, you’re in for the long haul…VTSAX is a good place

[Sandy]

pick an asset allocation that matches your risk tolerance and time frame (likely an aggressive, stock-oriented strategy), Invest it all now and don’t stress about what the market does over the next several months or years.

If this is in a traditional IRA, you won’t likely be withdrawing for at least 30 years.

[Author]

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