Totally Fake Reader Mailbag Edition

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 Thoughts on Command Pt 1

Thoughts on Command Pt 1

TimFamily.jpgFellow male spouse Tim Blake has a new post on his Army Dad Blog, "Thoughts on Command Pt 1."   Army Dad is a blog by Tim Blake, a stay at home dad (sahd) who raises four beautiful children.  He is the proud spouse of an Army Lieutenant Colonel and does his best to keep up with the kids and their activities.  In his free time, he enjoys playing the bass and the occasional bass guitar building project.  You can connect with him on twitter @ArmySpouse007.

TimBlog.jpg

image for The Advantages of Being an Active Duty Entrepreneur

The Advantages of Being an Active Duty Entrepreneur

JasonAnderson.jpgThe Assumption:

At the basic level, I think it is safe to say that human beings fundamentally get tremendous satisfaction out of creating something that is uniquely their own. I personally think this spirit is at the core of all human beings. I see this everyday in my own children when they develop their arts and crafts and proudly show my wife and I the bounty of the effort they put in. As we grow older, graduate from high school, college (or both) and enter the work force, we become part of an organization. While jobs vary widely (as does job satisfaction!), an objective person walking into any organization can see that waning passion is not an uncommon theme. I often wonder if that lack of passion is the cumulative result of getting farther away from your own interests and passions over time.



 

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