conversation: User (eyekahhe808): "I am using fidelity, and got the basics (ie that my 401k will take a tax hit, and that, being young, i should go with a “higher risk, higher reward” fund). My father (the closest thing i have to financial advisor) recommends something that pays quarterly dividends (w/e that is?) any advice reddit? \n\nalso thank you in advance! \n\nEDIT: spelling/grammar "
  Self: "Did you already rollover your 401k to a Roth IRA? Did you elect to have money withheld for taxes from the 401k when you did that?\n\nI'd suggest a target date retirement index fund, since you're at Fidelity look into FDEWX."
  User (eyekahhe808): "I did, I rolled it over yesterday. The rep at fidelity told me that in 3-4 days i will be able to choose a specific fund. \n\nill be sure to check out FDEWX"
  Self: "Well hopefully you have the money set aside to pay the taxes on the $9700 at tax time. If you had the taxes withheld from the $9700 then you will get hit with an early withdrawal penalty on that money."
  