Answers in Retirement Plans

Your personal retirement plans will have to be your primary method of funding your retirement and you should consider all the tools at your disposal to plan for and achieve your retirement goals.
0 votes
My guess would be that his custodian doesn't service 403b accounts, so he is trying to talk you into something with which he can work.
8 votes
Hello Refini, You are definitely on the right path and are asking the right questions. Here are a few suggestions that might make things easier. First decide if you want to have a advisor help with the creation, ongoing maintenance, and employee education ...(more)
2 votes
Salo Aizenberg Level 7
Thanks for the question. It looks like you covered most of the key fees and probably some that should not cost you anything (e.g. the existing fees should cover trades within a 401(k) plan, there should not be trading and transaction fees). There are ...(more)
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Stacy... Based on what you are telling me and the way I am understanding it the answer is NO they cannot just distribute the amount you put in and leave the vested company contribution balance in the plan. But before you go at them get a copy of the plan ...(more)
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Ditto on David's answer. Additionally, please be very careful (read: don't do it) about putting account numbers on the web. It is a bad idea.
1 vote
Elizabeth, Please contact the HR Department of your husband's place of employment. They will be able to describe what benefits are available to you and the steps you need to follow in order to gain access to the benefits. Dave
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Richard P Taylor Level 15
Betty, I would be careful trying to "predict" events in the market. I've never seen anyone who can do it consistently over time and it usually leads to more harm than good. That being said, if you need/want to make a change in your 401K, it is very ...(more)
2 votes
James Harold Lee Level 12
Most 401k plans have a number of different options for investors. While you can't necessarily "freeze" a 401k account, most of them do offer money market (or, cash equivalent) alternative. Ask your plan administrator for specifics. Over the long-term, ...(more)
-1 votes
No one can predict the future. Even the Wall Street bullies. They have a vested interest in keeping you trading. It generates fees for them and the broker. Instead build a prudent globally diversified portfolio at your risk level and remain disciplined. ...(more)
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ERISA, one of the main laws that govern qualified retirement plans, dictates that the plan may not pay any more than "reasonable" compensation for services performed. Further, the services must be necessary. 1) Talk to your advisor about what he is doing ...(more)
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Sarah, if you are confused don't have any tax withheld from your distribution. At the end of the year you will get a tax statement from your IRA custodian and you can use this information when you file your taxes next year. Please keep in mind that ...(more)
1 vote
Floyd, In addition to John's answer, some 401k plans have a vesting schedule. This pertains to the company match portion of your account. So, like John mentioned, make an appointment to see your HR department to discuss your options. They will be ...(more)
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John Essigman Level 17
Hi Floyd, This is a very broad question and you are not giving us much information. In short, it depends on what type of retirement plan you currently have. Speak with your H/R Department, benefits coordinator, or plan administrator regarding your plan. ...(more)
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If you are asking how to find your company plan on the Brightscope site, just go to www.Brightscope.com, click on Research a Retirement Plan and type in the name of the plan in the popup box. It will then come up if Brightscope has information on it. ...(more)
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John Essigman Level 17
Hi Janet Not certain what you want to enroll into so please be more specific. Generally speaking, enrolling into your company’s 401(k) or SIMPLE will require the assistance of someone in your benefits or H/R Department.. Warmest regards John Essigman www.bluecreek.net ...(more)
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