Serious question, my old 401k from a job I left in 2015 was just sitting there for years.

I mean, I never really looked at it, idk, I just forgot. Then last week I finally logged in and saw it was still in the default 'target date' fund from back then. I moved it into a simple index fund mix instead, which felt way more clear for what I actually want now. Has anyone else found an old account and had to basically start over with it?

2 comments

2 Comments

victor_robinson361d ago

Serious question? Come on, you just found free money. That target date fund was probably doing fine on autopilot. Starting over makes it sound like it was wasted, but it was just quietly growing. You just changed the recipe, you didn't burn the dinner.

harper8591d ago

Victor's right, it wasn't wasted time. The old fund did its job. Just treat the new one as your main focus now and let the old balance keep doing its thing.