I have to pull my money from my retirement plan. To invest itWhat is my best option, the bank or somewhereels?

My employee is not longer using the company for retirment plan. I need to pull my money to another company, either to a bank or somewhere else. I would like to know what are my best options

I Am a tax guy. You don't need me. Find a phone book and look up Fidelity Funds, or American Funds, or Janus Funds, there are many mutual fund brokers. Talk with any broker, and they will set you up with the roll over. Insist on diversifying into several funds that average 12% return over the 10 year average. You want Growth, Growth and Income, Large Cap, and International.

Do not cash out you retirement or you will pay uncle sam a 20% fine. And maybe more when you do your taxes.

You don't have to pull the money. You can just set up an IRA and transfer it there. Otherwise, pulling it out will have heavy tax penalties.

You want to ROLL OVER the money to a ROLLOVER IRA. If you just withdraw it, you will most likely have to pay income tax and a 10% penalty. Do not have them send the check to you, have them send the check directly to the company managing the IRA.

I like Vanguard for IRA's; other folks like Fidelity, TIAA-CREF, and T. Rowe Price. If you find it confusing, you may need to see a financial advisor, but they will charge you a lot in commissions.
qzz

you need a tax guy...........you might be able to put it in your IRA..................do it at a brokerage house and u can buy stocks/bonds.mutual fnds/reits/gold.get the idea?