401k questions??

[tonyrxman]

Hello Gang,
First a quick hello to everyone and a special thanks for all the great advice....

Here is my situation:
I have 2 previous 401k's :

1)35k in four fidelity advisors funds ( fid adv health,fid adv financial,fid adv utilities,fid adv tech)

2)180k in four john hancock funds (JNY mut dis,JNY mfs utilities,JNY europacific,JNY opp dev mk)

and

3)20k in two Eaton Vance Tax managed growth fund (class a and b)
-I am contributing $100/month to these mutual funds

I' am 45 and plan on working for at least 20 more years. I do max out my 401k at 18% to my
max contributions. My new employers funds are limited/weak (T Rowe Price funds-1/3 international
equity fund, 1/3 large cap growth fund, 1/3 mid cap fund) based on SMI's recommendation.
These 3 accounts are the bulk of my retirement..and I don't mind being aggressive......

My question are:
1. do I rollover my old 401k's to my new employer? or something else?
2. should I continue to invest in the tax managed growth funds? or should I invest in something else?
3. should I continue to max my 401k at work, even if the funds are not that great?

Thanks again, I learned so much from this message board...
Blessings,
Anthony

[maat55]

I would roll them over into a fund group of your choosing, one that you can controll. I would only invest in the 401 at work to the match, then the rest to funds under your controll. There are a lot of fund groups out there where you can earn better than 12%. I've seen some that have averaged over 30% but you have to invest 50,000 to start. Good luck your doing well.

[jIM_Ohio]

Hello Gang,
First a quick hello to everyone and a special thanks for all the great advice....

Here is my situation:
I have 2 previous 401k's :

1)35k in four fidelity advisors funds ( fid adv health,fid adv financial,fid adv utilities,fid adv tech)

2)180k in four john hancock funds (JNY mut dis,JNY mfs utilities,JNY europacific,JNY opp dev mk)

and

3)20k in two Eaton Vance Tax managed growth fund (class a and b)
-I am contributing $100/month to these mutual funds

I' am 45 and plan on working for at least 20 more years. I do max out my 401k at 18% to my
max contributions. My new employers funds are limited/weak (T Rowe Price funds-1/3 international
equity fund, 1/3 large cap growth fund, 1/3 mid cap fund) based on SMI's recommendation.
These 3 accounts are the bulk of my retirement..and I don't mind being aggressive......

My question are:
1. do I rollover my old 401k's to my new employer? or something else?
2. should I continue to invest in the tax managed growth funds? or should I invest in something else?
3. should I continue to max my 401k at work, even if the funds are not that great?

Thanks again, I learned so much from this message board...
Blessings,
Anthony

I would consider doing the following:

1) if the Eaton Vance contributions have a load (usually 5.75%), I would look somewhere else. If you send in $100, but only $94.25 is invested, that is a sign of a load. If you have B shares, which require that you hold shares for X amount of time before selling, that might also be a flag.

In either case, stop contributing until you know for sure.

2) Do you have a long term asset allocation? You are investing a significant amount of money and doing quite well (sending 18% to 401k is impressive).

An asset allocation would tell you to invest (for example)

45% in domestic large caps
15% in mid caps
15% in small caps
10% in international large caps
10% in international small caps
5% in emerging markets

for example. You could alter those percentages to whatever floated your boat. If you have an asset allocation, the following questions would be answered already... and choosing funds becomes much easier.

3) Why the fidelity sector funds?
4) Why the John Hancokc sector funds
5) I see no small caps
6) What T Rowe Price funds are available in the 401?
7) Do you have an IRA?
8) Are you eligible for a Roth IRA?

[tonyrxman]

I would consider doing the following:

1) if the Eaton Vance contributions have a load (usually 5.75%), I would look somewhere else. If you send in $100, but only $94.25 is invested, that is a sign of a load. If you have B shares, which require that you hold shares for X amount of time before selling, that might also be a flag.

In either case, stop contributing until you know for sure.

2) Do you have a long term asset allocation? You are investing a significant amount of money and doing quite well (sending 18% to 401k is impressive).

An asset allocation would tell you to invest (for example)

45% in domestic large caps
15% in mid caps
15% in small caps
10% in international large caps
10% in international small caps
5% in emerging markets

for example. You could alter those percentages to whatever floated your boat. If you have an asset allocation, the following questions would be answered already... and choosing funds becomes much easier.

3) Why the fidelity sector funds?
4) Why the John Hancokc sector funds
5) I see no small caps
6) What T Rowe Price funds are available in the 401?
7) Do you have an IRA?
8) Are you eligible for a Roth IRA?

Thanks Jim/Matt,

I do have a long term asset allocation, but with the slim amount of funds in the T Rowe Price 401k I think I need to fund a traditional IRA/roth IRA instead of my 401k. Do you think this is wise?? what is the max I could put in a IRA?? My MAGI is about $75,000... What do you recommend instead of the tax managed funds??

Thanks again,
Anthony