Examine your 401(k) rollover options and find the best way to maximize qualified plan account(s).

When Harry and Sally Met Their 401(k)

I just couldn’t keep my big mouth closed and gave Harry and Sally the report on their 401 (k) annual expenses being charged to manage their funds. These expenses were in addition to the $50 per year administration fees and were tied to the actual account value of the funds in the 401 (k).

By |2019-07-16T21:07:21+00:00July 16th, 2019|401(k) Rollovers|

What Your 401k Provider Doesn’t Want You to Know

Investing in your 401k is absolutely crucial to your future financial security, and as such, it is important to know how hidden fees and other 401k provider practices can impact your investment. With investing, as in life, it is often the unexpected things that have the biggest impact. Keep reading to find out how certain aspects of typical 401k plans may impact you.

By |2019-04-17T18:57:43+00:00June 7th, 2019|401(k) Rollovers|

401k Investment Tips: Essential Tools for Informed Choices

You know that investing in your 401k is vital to your continued financial security, but you maybe confused by the myriad of investment choices and options currently available. If find yourself currently in a quandary over how to best invest your 401k, these simple tips can help you to make an intelligent decision, and avoid common investing mistakes.

By |2019-04-17T14:41:57+00:00June 1st, 2019|401(k) Rollovers|

401k Asset Allocation Strategies

Asset allocation and portfolio diversification are words often bandied about by investment advisors and financial planners. But what exactly does it mean for the ordinary investor and why do you need it? Simply put, asset allocation is how you distribute your investments among the different types of investment vehicles such as stocks, bonds and mutual funds.

By |2019-04-09T19:03:36+00:00June 1st, 2019|401(k) Rollovers|

Avoid Penalties By Learning These Important Early 401(k) Withdrawal Rules

There are rules which can be followed to allow pre-mature access to your 401(k) account. A 401(k) was created by congress to allow workers to accumulate funds for retirement on a pre-tax basis. Eventually he taxes will need to be paid on your 401(k) retirement plan. Accessing the funds should be done with planning and with the goal of using them for retirement income. Life being full of uncertainty, the funds in your 401(k) can be assessed for other reasons; with that access can come unwanted or excessive taxation and penalty. Make sure you fully understand your options before taking action.

By |2019-04-26T20:24:39+00:00April 25th, 2019|401(k) Rollovers|

Max Out Your 401(k)

....when should you and when should you NOT max out your 401k plan? 401(k’s) differ from IRA’s in one significant way: 401(k)’s allow current workers under 50 to put away up to $18,000 a year. For those over 50, a special “catch-up “provision will let them put in an additional $6,000, raising that threshold to [...]

By |2019-03-25T05:59:03+00:00March 24th, 2019|401(k) Rollovers, Retirement Planning|

401(k) Aged Based In-Service Withdrawals Move to Safety

Most 401 (k)s offer investment options such as mutual funds. Investment options in the mutual funds can be stocks or bonds or a combination of both. As we age, providing a layer of safety and security to our 401 (k) seems only prudent. As an option, your 401 (k) will also offer a stable money investment option. These options could include a money market account. The problem with money market accounts is the yield, a yield which may not keep up with inflation.

By |2019-03-06T06:48:24+00:00March 8th, 2019|401(k) Rollovers, Annuities|

What You Should Know About Investing Your 401k In Company Stock

According to the Washington Post, the average 401k account has around 40% invested in company stock. While this may seem like a safe way to diversify your investments, and express your loyalty to the company, it is important to remember that true diversification involves investment outside of your own corporation, and that the practice of investing heavily in company stock is not always as safe as it seems.

By |2019-02-19T18:06:10+00:00February 8th, 2019|401(k) Rollovers|