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...

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Drink, Drank, Drunk: Wading Though Military Life

Daddy-Ian-Beer.jpgThe author, Chris Field, demonstrating some "top-shelf" parenting while at Epcot's Biergarten.

 

There seems to be a common thread running through military sociability: booze. It's the thread that allows you to tie one on just about anytime. It's everywhere. At the Exchange, at the local Class Six…hell, you might even score some free booze from those distributors hosting tasting events throughout the year. Play your cards right, and you could be half in the bag before the sun even goes down.
When I first drive through the gates, there's always the sign telling me how many days it's been since the last alcohol related incident on post. And when that sign 'resets' back to 1, I'm always tempted to check it out: “Uh oh, what did (one of a handful of likely suspects) do now?” Thankfully, I've never triggered it myself. Yet.

image for Start a Career in Gunsmithing

Start a Career in Gunsmithing

SDIGunSmith2.jpgHave you ever thought of a career in Gunsmithing?
America is a country built on traditions, and firearm ownership is a tradition that has been with us since the beginning. More than a third of Americans report having a firearm in their house, or on their property.

The firearms industry has seen a massive increase in sales in recent years. 2012 set a record for the highest recorded number of sales in a given year, and 2013 even broke that record. With CNN reporting record-breaking Black Friday gun sales in 2014 – over three a second for a total of over 175,000 on that single day – the firearms industry shows little indication of slowing down.



 

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