Company sold, transfer 401k to something else.
I've been reading up a bit lately on SD IRA's and solo 401k and would just like some other opinions on what they would do in my situation.
The company I work at just sold and we have to transfer are Putnam company 401k to a vanguard 401k. The new company matches 3% if we put in 5%. I have 20k to work with and I'm just looking for some options or suggestions to get a better return for my retirement account. I have 40k in my savings but I'm going to be using that for a down payment on a rental or 2 in a near future.
Just trying to thing what I could do with the 20k in the 401k.
Would it be better to put it in a IRA, maybe a REIT, or continue to keep it in my 401k. I remember listing to podcast 17, which had some great info on retirement. I'm going to listed to that one again tonight.
Of course I will be researching a ton more before I make my decision, I would just like to hear what others investors would do in this scenario.