Answers and Guides from Top Financial Advisors

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Peter Cacioppo Level 15
Call the bank and try to talk to the person familiar with the distribution, after reading whatever was sent your wife earlier.
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Peter Cacioppo Level 15
In our firm we serve high income and or high net worth individuals. Notice the words and or. We will take on as clients who do not have a high net worth but do have a high income. High income may mean $200,000 a year for a couple; a lot depends on ...(more)
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Peter Cacioppo Level 15
Ivy has more than 30 funds to choose and thus like any other fund company will show differences in performance. For instance a short term bond fund will not perform as well as a mid cap fund in a stock bull market like we have had over the last 5 years. ...(more)
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Carol A Hoffman Level 6
The simplest answer may be to check your choice of Ivy Funds. Ivy Balanced Fund, for example, is rated 4 stars out of 5 by Morningstar and it is in the top quartile of performance compared to its peers for the past 5 years. The expense ratio of 1.15% ...(more)
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Carol A Hoffman Level 6
Damon, I'm a TIAA CREF registerd advisor, meaning we manage clients' accounts within TIAA CREF as well as accounts at other custodians. First, you should know that every employer negotiates with TIAA CREF about what offerings will exist in their retirement ...(more)
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It is a least worth it to consider moving to an IRA. Some factors to consider... Are there asset classes that I would like to access that I can get to through an IRA and not my 403(b)? How do the expenses compare? Will my expenses go down if I transfer ...(more)
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Larry R Frank Sr Level 16
The answer depends on 1) your health ... if you're super above average healthy then you might have a tendency to live a long time; possibly outlive many of your cohorts born the same year you were. In this case you might consider taking the pension because ...(more)
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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