Category - 401k Center

1
Why You Should Read Your 401(k) Statement
2
Selecting Investments In Your 401(k)
3
Should You Rollover Your 401(k)?
4
Retirement Planning: Will Your 401(k) Be Enough?
5
401(k) Fee Disclosure Coming To Your Statement

Why You Should Read Your 401(k) Statement

When is the last time you took more than a few seconds to review your quarterly 401(k) statement? Most people only take a quick glance to see if they made or lost money over the last three months before placing the document in a filing cabinet. The reality is if it has been more than a year or two since you reviewed your 401(k) statement in detail, you are likely putting your financial security during retirement at risk.

The most significant reason a 401(k) account should be reviewed at least every couple of years is that an investor’s risk tolerance …

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Selecting Investments In Your 401(k)

Selecting investments in your 401(k) can be a daunting task.  Many people have 401(k) plans through their employer, yet very few of them have ever received education or recommendations on how to invest within their retirement account. Although retirement accounts are a great tax saving vehicle, it is important that you take an active role in managing your 401(k) to be sure you are setting yourself up for retirement success.

Many times, 401(k)’s will offer a limited number of investment options. Some companies will offer employer stock in additional to a handful of mutual funds. Other 401(k)’s have a brokerage …

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Should You Rollover Your 401(k)?

Congratulations! You just got a get-out-of-jail card, you’re shaking that company’s dust off your feet, etc., etc. Unlike most people, you’ve actually managed to save some money in the 401(k) and now you’re wondering what to do with it—leave it parked, or roll it over into an IRA. Double points if you actually understand what it’s invested in currently. So, I’m going to give you 4 reasons to roll it over, and 4 reasons to leave it where it is.

Yes, roll it over if…

  1. Your current plan has bad choices, and a lot of them do. You may have
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Retirement Planning: Will Your 401(k) Be Enough?

There is a perception among some people that retirement planning and investments are only for those who are very wealthy and this couldn’t be further from the truth. While you might not want to put a lot of money into investing if you can barely make ends meet, you do not have to be among the mega-rich to invest money. If your retirement planning consists of relying solely on a 401(k) from your employer, you may want to think about other streams of retirement income and a Fee-Only financial advisor can help.

In “Fee Disclosure Won’t Fix Your 401(k)

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401(k) Fee Disclosure Coming To Your Statement

Your next 401(k) statement may not look much different, but it will contain some very interesting and powerful information.  During the last several years, increased focus has been given to the expenses and fees charged to retirement plan participants.  The Department of Labor (DOL) recently published regulations under the Employee Retirement Income Security Act of 1974 (ERISA), as amended recently by congress.  The new regulations require retirement plan sponsors to disclose the fees associated with your retirement plan including all 401(k) plans.

The retirement savings landscape has changed dramatically over the last 2 decades.  In 1983, 88% of workers were …

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