opinions on s&p index fund

If you use Fidelity, you can make an appointment with them and tell them what you are hoping to achieve and they will help you. The service is free.

did you sell them or move the money into a sheltered account? I use Vanguard. I'm going to keep investing in it. I prob should call them.

like buying and holding those companies I like. I am a long time investor and not a trader.

I may call vanguard and see if it can be moved to an ira account. I grew up in a poor family, and tried to educate myself so I'd have some money in the stock market, but am too scared to invest in anything but the 500, plus small cap, international, bonds, mid cap in an annuity. I feel like I could have done more and better.

next year with Biden and a vaccine on the way.

Do you have other retirement accounts? Covered by a pension plan at work?

I think that moving to Roth makes more sense because it is after tax money and you withdraw it tax free.

Vanguard have many advisors who can work with you. For free.

under Economy and Education. You can probably find some answers there.

That’s why it’s called the “Personal Finance and Investing Group”

Thanks for waking me up.

I say this because it has recovered all of what it lost during the crash earlier this year.

The Federal Reserve made this possible with money supply manipulation, but the underlying economy is still quite fragile from the pandemic.

Vanguard's money market fund VUSXX is where your nest egg belongs.

This is a constant value fund, meaning it doesn't fluctuate.

Therefore, it is a good core holding from which to deploy portions of it over the next five to seven years into suitable retirement holdings.

By suitable retirement holdings, I mean mutual funds or exchange traded funds whose portfolios consist mainly of BBB+ bonds and which pay a monthly dividend.

If you're not already in a tax-deferred IRA type account but you still have earned income, it might be a good idea to open one for any new money you want to add between now and retirement.

Municipal bond funds are a place to eventually deploy *some* of your VUSXX nest egg, since their dividends are typically exempt from federal income tax. Just remember that state and local tax collections are vulnerable to a fragile economy as well.

I'll read up on that. I feel so dumb about this stuff.

You do not know the OP's financial situation thoroughly enough, nor his tolerance for risk to suggest he purchase specific securities or Mutual Funds.

If you are a registered representative (or even if you aren't) you can feel free to contact the OP via private message and suggest anything you want, but as Host of this group, I ask that you and all others who participate in this group refrain from making specific recommendations.