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I've sloshed from one 401(k) to the other, and rolled over the one from the pre-acquisition company. As of this morning I can now borrow a down payment from my 401(k), right up to the IRS-dictated limit of $50K. There's just one thing standing in the way: I'm waiting for the direct deposit setup to complete, which should happen in five days.
OK, so I get to start house hunting next month instead of this one. I'm OK with that.
Also this morning, I talked to an investment advisor at Fidelity, which is complementary if you've invested enough. It turns out that I'm a little aggressive for my age (ha) but not scarily far out of line. The smaller, newer 401(k) is made to rebalance away from equities as I get older anyway, which is usually a good thing.
The young, broish-sounding advisor dude had a tip for avoiding taxes in about five years based on an unusual feature the older 401(k): net unrealized appreciation, or NUA. (?!) Uh, maybe I'll do that if I remember?
That phone call was kind of an out-of-body experience. It was something one of Them would do, and I don't want to be one of Them. But these days, owning a home would make me one of Them, wouldn't it? Le sigh.
OK, so I get to start house hunting next month instead of this one. I'm OK with that.
Also this morning, I talked to an investment advisor at Fidelity, which is complementary if you've invested enough. It turns out that I'm a little aggressive for my age (ha) but not scarily far out of line. The smaller, newer 401(k) is made to rebalance away from equities as I get older anyway, which is usually a good thing.
The young, broish-sounding advisor dude had a tip for avoiding taxes in about five years based on an unusual feature the older 401(k): net unrealized appreciation, or NUA. (?!) Uh, maybe I'll do that if I remember?
That phone call was kind of an out-of-body experience. It was something one of Them would do, and I don't want to be one of Them. But these days, owning a home would make me one of Them, wouldn't it? Le sigh.
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Date: 2022-02-26 04:27 am (UTC)From:I put my retirement account into one of the balanced/adjusts over the years funds; the 2030 fund would be more appropriate but I'm taking a bit more risk in the 2040 fund. Even though I might* retire as early as 2026.
* based on several factors including (unfortunately) the stock market.