Hi! I am not a smart investor, but I feel like I have an opportunity. I was laid off in October. I rolled an $86k 401k over to an IRA at my bank in February. Because I’m lazy and didn’t know what to do with it, it has just been sitting there since. Not invested in anything. What should I be researching to put it into? I’m 50.
I have a similar amount in a different account that is in a money market fund steadily gaining about 5%. I have been drawing on this account during my time unemployed, it is where I dumped my lump sum severance and bonus payout when I got laid off.
I’m starting a new job at the end of the month and will start a new 401k contribution. I am fortunate that I will likely be able to max out this contribution as long as I have the job.