Answers and Guides from Top Financial Advisors

2 votes
I agree with Curt about your allocation but even better would be an education in how the markets works. As well, you should look at what you need the money for, is it soley for retirement? If so, then I think you can probably stand to take the risk, you ...(more)
0 votes
I'm assuming you have not other funds available - emergency cash accounts, other non-tax-advantaged investment accounts, or even a Roth IRA (contributions can be taken out without penalty). If this is the case then there are a few circumstances that ...(more)
0 votes
Your options are limited. If you absolutely have to use the money to live on, have no other sources to use first - you'll have to take money from your 401(k). If you withdraw directly from the 401(k), they will automatically withhold 20% Fed Tax and any ...(more)
1 vote
You should consider liquidity. Once you put money into the house it is very difficult to get it out. That is why you see all the Reverse Mortgage advertisements on TV. If you are concerned about the risk inside your 401(k) consider an asset allocation ...(more)
0 votes
Urban C Fleming Level 6
https://www.unclaimedretirementbenefits.com/ Try this if you can't find the company or luck.
3 votes
Pam Horack Level 20
Hi Amani! Good recommendations from Helen and Urban already. It seems you have a lot of irons in the fire for such a young age! Yes, your best bet is to speak with a fee-only planner and look at a comprehensive plan that covers your retirement, insurance, ...(more)
0 votes
Pam Horack Level 20
Hi Peter! As you get closer to retirement, I'm sure you are beginning to think more about your investments and which ones are right for you. Without knowing your overall financial situation, it is difficult to give you any answer and impossible to give ...(more)
1 vote
The easiest way to find it is to check the statements that you should be receiving on a quarterly basis. If you are not getting statements, you should contact your previous employers HR department and they will be able to help you locate the money.
0 votes
Call your former employer's HR Dept.
3 votes
Urban C Fleming Level 6
Amani, It's not impossible to give you an idea of what to do, but you need to have a conversation with an advisor about this. If you are younger, a Roth IRA and or, a Roth 401(k) associated with you side business is worth talking about. Consider the ...(more)
3 votes
Hi Amani, Since you will have your own business, you have a tremendous opportunity as your can defer a good amount of money annually. I would suggest that you find a CFP(R) professional in your area who can help you build a solid retirement plan. Depending ...(more)
1 vote
Tunc Tanin Level 1
The biggest risk with 401k loans is that if you loose your job the next day, you may have to pay back the amount in full sometimes within 30 days. Another issue to consider is that if you die the loan may have to be paid back right away, otherwise it ...(more)
0 votes
Hi Peter, Unfortunately my crystal ball is in the shop so the best I can come up with is "uncertain." The fund has done well in the past, however, with you getting close to retiring, you should consider making your portfolio more conservative.
1 vote
Dean the best way to get your plan evaluated is to evaluate your fee disclosures brochure as well as your fund line up and their internal fee structure, just to name a few, you also want to look at Fiduciary standing. Is your financial advisor also acting ...(more)
0 votes
Larry R Frank Sr Level 13
Your question doesn't say what kind of statement - 401k, mutual fund, bank savings account, etc., or how long it has been since you've seen the last one. Are you looking for your first statement? O has it been awhile since your last one? If the account ...(more)
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