Back in 2015 I was working for a university that opened a retirement account for me. It currently has a little over $8k in it. I'm wondering if it would be smarter to move it into an index fund (3 fund strategy) with Vanguard, Fidelity, or Schwab (per the wiki)?
Current financial situation: *Roth 401k: meeting employer match, ~8% *Mortgage: just under $230k, 3.8% interest rate *Emergency fund: 1 year saved in non-interest earning checking account *Income: ~100k
I've thought about just leaving the old retirement account alone but without any new contributions it isn't growing much. But I don't know the consequences of moving from retirement to taxable brokerage account.
The whole reason I started looking into an investment account is to put my extra money beyond emergency fund to work. I'm thinking about putting ~1k into the account every four months and was thinking to use the old retirement account as a lump sum to start it.
Any thoughts comments are appreciated.
Submitted December 16, 2018 at 01:07AM by inbeerveritas https://ift.tt/2EoD4Xe
