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A 401(k) Plan Allows Workers To Save For Retirement While Deferring Income Taxes On Saved Money Or Earnings Until Withdrawal. Welcome To 401kGuide.us. This Free Information Resource Will Help You Make Informed Decisions About Your 401(k) Options. As
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Everything You Must Know About 401k, Roth IRA, 401k Rollover, 401k Information, Individual Retirement Account And 401k Plans.
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How To Buy Real Estate With Your IRA
Use Your Self-Directed IRA, Roth Or 401(K) Plan + Loans To Buy Investment Property.
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Tax-Free Real Estate Investing
Insider Secrets On How To Make Tax Free Profits In Real Estate Using Your IRA. Create Your Own Private Bank.
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401k Plans, Roth Ira News |
BrightScope Ranks San Diego Area-Based Companies With 401k Plans Containing More Than $100M in Assets SAN DIEGO, CA-- - BrightScope , a leading provider of independent financial information and investment research, today announced its second annual list of San Diego area-based companies with 401k plans ... 401k Rollover Retirement Income Expert Cathy DeWitt Dunn Cautions Employees to Understand Their 401K Rollover Options ... DALLAS, April 23, 2012 /PRNewswire/ --Â Cathy DeWitt Dunn, president of the Dallas Fort Worth-based financial services company, DeWitt & Dunn, LLC, and host of the syndicated radio show, Safe Money Talk ... 5 bulletproof 401k funds These funds have a proven record of success in helping investors with a variety of investment strategies meet their retirement goals.
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Time To Combine Your 401k Plans
Author: Keith Jennison
2006 is the twenty fifth year of the 401k investment plan. Have you had more than one job in the last 25 years? If so, then you probably have more than one 401k plan floating around.
401k plans are now over 25 years old. They seemed a unique idea at first, but now just about every employer offers one. And I’m sure I don’t need to tell you that they are a great way to save and earn money over the years.
The issue here is whenever you setup a 401k, you usually diversify your plan with your employer. Obviously, you must invest using the current options your employer offers, which is good. Investing a little in the high risk, some in the moderate risk, and some in the lower risk funds its typically the plan. You may have been a little more open on taking risk 20 years ago than you are today. Maybe now you are a little more conservative in your investment goals. So you think you are diversified, right?
Not really… especially if you have ten plans with ten different employers. Remember you tried to diversify each one when you set them up. Well, ten different plans diversified the same way means that your portfolio is not really diversified at all. One employer’s moderate risk program may be another employer’s low risk plan. Your 401k 15 years ago where you invested in “tech” stocks was probably a high risk option. Now some of those high tech stocks are the most conservative investments.
The only way to manage your multiple 401k plans effectively is to combine them into one plan, under one investment portfolio and review it at least annually. One of the great things about 401k plans is they are transferable. The important thing is not ever to close a 401k and reinvest it, this is a taxable event. You can easily transfer your old 401k plans into an existing or a new 401k so you can manage your risk.
This is one time when “everything under one umbrella” is the way to go.
About the Author:
K R Jenn. Author and Writer on Travel, Investments, and the Internet.
http://www.sevensecretsofmoney.com
Source: www.isnare.com
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A Quick Note
From The Publisher...
If you like the article above, you may be
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I've been in and interested in the stock market so long (one year shy of forty years) I can remember when the mutual fund pages in my home town paper were just one page! Now it looks like there are more mutual funds then there are stocks listed on the New York stock exchange.
I wonder how many billions of investor dollars are supporting these funds. How many investor dollars are supporting all the brokerage firms? How many times has 401(k) monies been given to a ‘financial expert' to manage after retirement, then three years later the $400,000 is down to $200,000. (Yet, the financial expert is still driving around in a new Lexus.)
I could tell you stories from the people I know, who have retired and aren't so happy with these experts, but I bet you know some stories of your own.
Do you know what you're going to do with your 401(k) money when you retire? If you are going to hand it over to a financial expert to manage, see if you can get the names of some of... |
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