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

Oct 31 2012
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Lon Jefferies, CFP®, MBA

Lon Jefferies is an investment advisor representative with Net Worth Advisory Group, a fee-only financial planning firm in Salt Lake City, Utah. He is a Certified Financial Planner (CFP®) and a member of the National Association of Personal Financial Advisors (NAPFA). He possesses an MBA and bachelor's degrees in Finance and Marketing from the University of Utah. Lon writes articles for local magazines such as Utah CEO, Business Connect and Utah Business Magazine, and he consistently contributes articles to online magazines such as FIGuide.com and FILife.com (by The Wall Street Journal). Additionally, Lon is an expert author at EzineArticles.com. Lon has been quoted nationally in publications such as the NY Times and Investment News.

Lon can be contacted at (801) 566-0740 or lon@networthadvice.com. Learn more about Net Worth Advisory Group at http://networthadvice.com and visit Lon's blog at http://www.utahfinancialadvisor.blogspot.com.

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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)

Oct 23 2012
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Alan Moore, CFP®, MS

Alan is passionate about providing individualized financial advice to individuals and families, regardless of their net worth, income or investable assets. An educator at his core, he strives to serve as his clients’ guide, available to help with the sometimes stressful or exciting financial situations that life inevitably brings.

Alan is the founder of Serenity Financial Consulting, which he started after noticing the lack of hourly, as-needed financial planning advice available to consumers. With experience working in several nationally recognized firms including Kahler Financial Group and Financial Service Group, Alan combines his industry experience and technical knowledge with his entrepreneurial spirit and penchant for teaching others to create a refreshing style of truly personal financial planning.

Alan is a Certified Financial Planner™ professional and Certified Retirement Counselor™. He earned his bachelor’s degrees in Family Financial Planning and Consumer Economics and his Master’s Degree in Family Financial Planning from the University of Georgia. Driven by his desire to educate, Alan also taught undergraduate financial planning courses while in graduate school.

Alan prides himself on being active in his community and feels privileged to have served in the Georgia National Guard for four years before receiving an honorable discharge. Originally from Georgia, Alan now lives in Shorewood with his wife Melissa, and enjoys taking advantage of the abundance of activities that Milwaukee has to offer.

All posts from Alan Moore, CFP®, MS
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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)?

Oct 18 2012
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Danielle L. Schultz, CFP®, CDFA

Danielle L. Schultz, the principal financial planner of Haven Financial Solutions, is a CERTIFIED FINANCIAL PLANNER™ (CFP®), a NAPFA-registered Financial Advisor, and a Registered Investment Advisor in the State of Illinois. She studied financial planning at Northwestern University’s Certified Financial Planner™ certification program. She also holds a Series 65 license (Registered Investment Advisor Representative) and a CCPS (Certified College Planning Specialist).

She writes a regular column for Better Investing magazine and is currently working on a revision of their mutual funds handbook. In addition to academic training and professional experience, Ms. Schultz has personally managed Social Security, Medicare, retirement and long-term care issues; college funding concerns; and cash flow and transition planning in self-employment and divorce situations. Her social work background gives her an innovative perspective on financial planning issues; for her, financial planning is not only about money, but also a key component in a satisfying and well-lived life.

All posts from Danielle L. Schultz, CFP®, CDFA
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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?

Oct 12 2012
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Claire Emory, MBA, CFA, CFP® All posts from Claire Emory, MBA, CFA, CFP®
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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

Oct 04 2012
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Anthony Farella, CFP® All posts from Anthony Farella, CFP®
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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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