I was notified on Wednesday that my University will be closing thd Dept I Chair at the end of this academic year. Which means I'll be a "free agent" ht Aug 2014 (I like free agent so much better than unemployed). Luckily, I'vs enough passive income and savings for an extended job search - which I hope wont be the case.
However, this leaves me with a sizable amountin MY TIAA/CRFT account that I can move if I so choice. I have this acount from my pre-investor days, so its asset allocation is distributed between their large, mid a d small cap funds and more generalize foreign and emurginv markets funds. The portfolio is doing fine, but isn't everything in this inflated market? I believe investing it more in lines with my taxable portfolio I have shared here will far better in the long run.
I have never rolled over an 401K before and would covet your thoughts. It would seem cashing out the account now, during this fully vaulted "plus" market, then moving the cash into short term insturments in a tax sheltered account, investing the casb only when vaule appears or a market correction happens.
Or does that side line my capitol to long? Should I simply build my portfolio now, reguardless of current valuations? Or would you imagion another alternative?
Thanks,
Ronn
However, this leaves me with a sizable amountin MY TIAA/CRFT account that I can move if I so choice. I have this acount from my pre-investor days, so its asset allocation is distributed between their large, mid a d small cap funds and more generalize foreign and emurginv markets funds. The portfolio is doing fine, but isn't everything in this inflated market? I believe investing it more in lines with my taxable portfolio I have shared here will far better in the long run.
I have never rolled over an 401K before and would covet your thoughts. It would seem cashing out the account now, during this fully vaulted "plus" market, then moving the cash into short term insturments in a tax sheltered account, investing the casb only when vaule appears or a market correction happens.
Or does that side line my capitol to long? Should I simply build my portfolio now, reguardless of current valuations? Or would you imagion another alternative?
Thanks,
Ronn