Roll Over 401k

so I left a job in 2016
I had a 401k with them
now, I could have rolledmy 401k over with no taxes etc to something like E-trade
but I didnt know
so i can no longer make contributions, since I left my job and havea new 401k with my new job
so what can I do with my old 401k?
leave it?
thanks

 

Peruse this.
https://en.wikipedia.org/wiki/401(k)

 

Call and talk to both the original and the new financial institutions. They're going to know the best way forward. You will probably have to get the human resource manager or whoever manages the plan at your old employer involved. Hope you left on good grounds. It'll make things easier.

 

In all honesty i don't like 401k's for a lot of reasons.You are paid money by an employer. You have that money in your hands for five seconds, and then it is whisked away into this account and you can’t look at it again for another 20-35 years unless you want to pay a massive penalty.Will you be alive in 30 years? Hopefully! Else you will never see that money again.

Having a 401k is like joining a union.Most unions are horribly bad and there are few and far between good ones out there.

I would rather use some thing like acorn. https://www.acorns.com/ at least you can take out money with out a huge penalty fee.

 

I have most of my money in a stock market account
my 401K isnt very big, under 100K and it is only way I get the money from my job
I get a salary
and I get $9400k/yr for CIGNA health insurance, if I want to have health insurance thru my job

OR I can go buy CIGNA health insurance(only one available) for #$3500, yr (private insurance), which i do

so this means on payday, bimonthly, I get my salary and half of the H/w I dont use, the other half goes to my 401k(4x a year)

so only about $4500/yr goes to my 401k after the company takes benefits I cant refuse( short term and long term insurance, admin fees, etc)

I said only half goes to the 401k, because recently my company thought they should give us OUR MONEY, so it looks like we got a raise.. so I get half of what I dont use(which is none) 2 x a month as cash

so I dont like my 401k and would rather get the full $9400 year, but I'm stuck

but you see, right? t he H/W money they give me PAYS for my insurance!! so if you dont do what i did, get private insurance you are losing money!!
BTW, I"m a USA Federal government Contractor at night.

 

so I have most of my savings in the stock market
in stocks like disnee, apple and a few others
Im 40, and know very little about the market,, thoughts about how to learn more or what to do?

 

Extracts from

If you're planning to make it a career move for learning, then check out courses.

Unless one really knows how to play the Stock Market, one should be careful how to manage their monies in that arena. I've seen people win big and lose big with the Stock Market.

Superannuation (here in Australia) I find a good investment. And a good long term investment for when one retires. Look into it and check out the rules and regulations to see if it's a fit with your plans.

Consider also speaking with a financial advisor (your bank may also be able to provide some direction). Just be careful with your choice of investments - professional advice would be the best route.

Personally, I reckon Real Estate is a good long term investment (so long as you choose the right locations) because its value goes up - just remember, Location, Location, Location.