Totally Fake Reader Mailbag Edition

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Totally Fake Reader Mailbag Edition

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Image: – Male Military Spouse Rob Aeschbach paraphrases discussions had about money with family, friends, and co-workers – Macho Spouse

 

RobSitePic.jpg[These aren't real questions that avid readers have sent in, yearning for my sage advice. I'm just paraphrasing some discussions I've had about money with family, friends, and co-workers]

I just changed jobs. Should I leave my 401(k) with my old employer, or roll it over to my new employer's 401(k) plan?

No.

You shouldn't do either. You should rollover your old 401(k) into an IRA with low-cost mutual funds, like Vanguard. There are 2 main problems with 401(k) accounts in general:

 


First, the investment choices they offer are usually going to be fairly limited. They might not even have index funds. Opening an IRA with someone like Vanguard, Charles Schwab, or Fidelity gives you access to just about all of the mutual funds each company offers. It's like comparing a state-run grocery store in the Soviet Union to a well-stocked Wal-Mart in the United States.

(Click here for the rest of Rob's blog)

 

Rob Aeschbach is a male military spouse who spent 12 years as an active duty Marine before becoming a Navy spouse. Since then he has been a stay-at-home-dad for more than 10 years, served in the Marine Corps Reserve until his recent retirement, and started a personal finance blog.

See also...

image for 2014 Macho Spouse of the Year

2014 Macho Spouse of the Year

MACHOSOYFINAL.jpgThe 2nd Annual Macho Spouse of the Year Award is given to a male military spouse who dedicates himself to the betterment of his family, neighbors, and everyone around him.  The 2014 competition had several very deserving men, but two really grabbed our attention: Chris Corbin and Joey Trotta.

Chris Corbin is an Air Force spouse currently living in Minot...hey why not Minot? Not only is he a dad to two young kids, but he also works at the base thrift store, works with the squadron booster club, and has been voted the new president of the Officer's Spouses Club on base. Oh yeah, he's also training to compete in his first 70.3 Ironman race next month.

Joey Trotta is a Navy spouse currently living in the DC area and he has three children, one of which has leukemia. Raising three children with an active duty spouse is hard enough, but toss in the challenges of leukemia and many guys would shut down, not Joey. Joey made himself into and educator and advocate. He donates so much of his time to childhood cancer awareness either in the children oncology ward at Bethesda Naval Hospital or on the steps of the Washington monument during childhood cancer awareness week.

 

image for Storage Company Reacts to Military Household Good Auction Outrage

Storage Company Reacts to Military Household Good Auction Outrage

Oh boy, hornets nest has been stirred...what a mess! Here's another good story for PCS season.



 

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