Answers and Guides from Top Financial Advisors

0 votes
Do you have a financial advisor/Investment manager? If so, then I would take the lump sum and give it to them. They will understand your specific scenario better and be able to manage the money FOR YOU not for the pension. There are a lot of other factors ...(more)
0 votes
I'm not a big fan of Ivy Funds, but that is neither here nor there. If I was you I would do some really quick fee analysis. What does the 401(k) cost and what does the Ivy Funds cost? No matter where you are, you will be able to under- or out- perform ...(more)
0 votes
401K withdrawals are taxable as ordinary income and if you don't meet certain rules an additional 10% penalty tax will be added. If you have not reached at least age 59 ½ then you will owe the 10% penalty tax unless: You die and the account is paid ...(more)
0 votes
I agree with most of the previous comments about risk tolerance, age, dollar-cost-averaging and other suggestions. But here is one added point. If you are still working and contributing to a 401(k) plan you are probably under 65. An actuary would tell ...(more)
0 votes
David J Haas Level 7
Hi Paul, You should check with the custodian of your plan. They should be able to do a projection for you. A 414h plan is a money purchase plan which I believe usually provides an annuity upon retirement. The money is invested in an insurance company's ...(more)
1 vote
David J Haas Level 7
Ronald, Your investment risk should be directly related to your risk tolerance. What goes into a risk tolerance? How long until you need the money is an important factor. But also how well you can sleep at night when your money is at risk. But owning ...(more)
0 votes
David J Haas Level 7
Hi Daniella, KLA-Tencor uses Fidelity as a recordkeeper. You can log in to your account at www.netbenefits.com. If you have not registered previously, you can register right on the website. If you have registered previously, but forgot you username and ...(more)
1 vote
I think the others have answered your question in some detail. One of the things we cover very thoroughly with any client before we accept an engagement is how we are compensated. When people get an unexpected fee once a relationship starts, it can ...(more)
1 vote
If you are still receiving statements on the 401(k), the first place to go would be contact the company that is sending you the statement (Fidelity, Charles Schwab, TD Ameritrade, etc.). If you aren't receiving statements and the company has an HR department, ...(more)
0 votes
You will have to pass on a little bit more information. What fees are you specifically concerned about? How much are you contributing? What services are you receiving for these fees? Ultimately, if the plan's fees are outrageous then you have two options: ...(more)
0 votes
You fire them because they are either poor communicators or don't have your best interest in mind.
1 vote
I actually believe that with the advances in technology and the growing influx of Gen X and Gen Y investors, you no longer have to be on the same continent. Skype, Email, Text, Facebook, LinkedIn. You can access these anywhere that you get cell phone ...(more)
1 vote
I don't see a situation where using a commission based advisor would make sense. If you want to "set it and forget it" open an etrade or scotttrade account. If you need advice because you have zero investment experience, open an account at a robo-advisor. If ...(more)
1 vote
The price of the plan always depends on the service. The Department of Labor has said that a "reasonable" fee must be selected. Reasonable depends on the service. If you are getting exceptional service from JHancock, then this fee may not be too high. ...(more)
3 votes
I am the Chief Investment Officer of Sumnicht & Associates, located by the Appleton airport. Vern Sumnicht, the Founder and CEO of the firm, has been in the business for 30 years and would be happy to talk with her. Please contact me at 920-257-5168.
  • posts per page
  • 15