I wouldn't do it. It looks bad (a la fox-watching-henhouse) and someone could sue you if they misconstrue what you said down the road or only follow part of your advice. Blanket statements like, "save as much as you can afford"
Great answers above and yes, it's lousy that because your father is part owner, you're lumped into the HCE category. One more thought - it's actually permitted to discriminate against HCEs. In other words, they may have the
See above about the in-service withdrawal! If that's not offered, you won't be able to cash out unless you're separated from service, meaning you no longer work for the employer that sponsor the plan. However, you might
Weatherly's contact with the founders of BrightScope over the last 5 years has been nothing but ethical and dynamic. Their logical and linear way of bringing solutions to the marketplace is a breath of fresh air.
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BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.