Expert: Allen - 1/27/2009

Question
My job was eliminated, I am about 20 years from retirement. With the current economic climate, should I roll it over into a IRA or keep it in the old 401k for a while till the economy recovers?

Answer
The state of the economy or your former employer should not affect where you keep your money. The decision should be made on where you will receive better investment choices. If you like the choices offered by your 401k, you should keep your money there. If you feel an IRA invested with a mutual fund company or another financial institution will give you better choices, you should move your money.