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1 vote
David pretty much hit the nail on the head. Although you can hire a non attorney to prepare your QDRO, my suggestion would be to use a firm that has attorney's on staff. This is a legal document, that is used to acquire your portion of the ERISA qualified ...(more)
1 vote
great article to read .. http://www.forbes.com/sites/jefflanders/2012/06/13/how-divorcing-women-should-handle-retirement-accounts-and-pension-plans/
1 vote
Hey Brenda, The best places in which to find the answer to this question would be your HR department or checking a quarterly statement, if you have one available. Most 401k plans have a recordkeeper or plan administrator that will offer both a website ...(more)
1 vote
In my opinion when insurance agent and investment are in the same sentence there's a problem. And that problem will almost certainly come in the form of unnecessarily high fees and most times those fees are hidden, too (and they are hidden for a reason). ...(more)
1 vote
Your agent is lying or doesn't know the product he is trying to SELL to you. Everything has fees! Find a new agent that will find the product that first your needs and isn't trying to "sell" you something because of a high commission. Don't be afraid ...(more)
1 vote
Your agent is either misleading you or does not understand the product he's selling. In either case you should not be doing business with him.
0 votes
Unless you know of someone who depends on you and has a special need, your spouse if the natural beneficiary of your life insurance policy. Keep in mind that life insurance is primarily designed to replace income that the beneficiary needs to maintain ...(more)
2 votes
Kyle, take the match. Though anything is possible, I would not expect a 3% or more variation between like investments in the different plans. I don't see any practical downside to taking the match. Additionally, look at both plans to see which is the ...(more)
1 vote
The group insurance seems like a great deal, but in-fact you might get a better deal for insurance outside the group policy from work. Right after you get married is a great time to consult a financial planner to make sure your savings plan is set up ...(more)
0 votes
You should still be getting statements, either in the mail or electronically. If you had an online account with your 401k custodian, then try logging in again. The account should still be active. What Jeremy says about the 401k is correct. The custodian ...(more)
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Hi Judy. I am not a lawyer, but the company should answer the simple question of whether you are or are not listed as the beneficiary. If you are not listed as current beneficiary, then they certainly do not have to give you any additional information. ...(more)
2 votes
A company has three ways of dealing with a 401(k) for former employees: 1) For the smallest accounts, they can send a check for the vested balance a few months after your separation from service. 2) For slightly larger accounts, they can automatically ...(more)
1 vote
You need to contact HR immediately and rollover the money you had.
1 vote
Yes. The owner of a Life Insurance Policy (you) can designate his/her spouse as a beneficiary. The fact that you work for the same company does not enter into the "equation".
0 votes
Dave Ramsey, who has a great program on reducing debt and building wealth, recommends paying off the debts in order of size, from the smallest to the largest. It's not mathematically the best solution, but it is psychologically; and psychology is one ...(more)
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