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3 votes
Absolutely not! Look for someone with a CFP designation and other designations that show the advisor is committed to ongoing education and furthering their knowledge. Brightscope has a database that shows what each designation means and how difficult ...(more)
4 votes
Star rating change...Morningstar even just changed their rating system to reflect the underlying process of funds rather than just rank on a star system. I feel underlying fees are more important when comparing index funds...they essentially are holding ...(more)
1 vote
If they aren't transferring their assets away, are providing referrals, answer your correspondence, then it is safe to say they are happy. Especially if they are referring. You wouldn't refer to someone you don't like
2 votes
Toni - your financial advisor should have a service model that they implement with you. For example, I meet face to face with clients as a minimum once a year. Some clients I meet with quarterly. Others I meet with every six months and have conference ...(more)
5 votes
Your plan provider may have a consultant that will help you narrow down you investment selection based on your age, risk tolerance and time frame as well as other investments you have outside of the 401(k). I would also suggest discussing your 401(k) ...(more)
4 votes
Shawn A. Wilson Level 9
Toni-What are your plans for the account? Do you need current income or are you waiting for a later time. Doing a rollover into an IRA may cost you more in the form of higher expenses and upfront or deferred sales charges, not to mention commissions. ...(more)
4 votes
Because an amount equal to what you borrowed with be transferred from your investment selection to an interest bearing account - and you will lose market participation on that amount. Of course your investments can go down in the time period the loan ...(more)
3 votes
In general, if you have anything to do with the 401(k) plan, for example, you are listed as the contact for the plan in your 5500 or plan documents, you have fiduciary liabilities/duties. The best way to mitigate this liability is to work with the plan ...(more)
0 votes
Every 529 plan is different. Work directly with your financial advsior
3 votes
Term life insurance you are just paying for insurance and it is generally the most cost effective. However it only covers you for a finite period of time...the "term." Whole life costs more, will pay a small dividend and if funded correctly will cover ...(more)
13 votes
If you are a plan sponsor, you are serving as a fiduciary - UNLESS you have contractually delegated that function to an investment manager that has acknowledged fiduciary responsibility under ERISA section 3(38). Good luck!
-1 votes
Ryan - I think it depends on your total Net Worth
8 votes
1) Please describe your overall advising and investment philosophy. 2) Will you act as a fiduciary at all times as defined by federal law? 3) Will you disclose all compensation clearly - in writing? 4) Will you be receiving third party compensation contingent ...(more)
0 votes
It depends on the carrier...403(b)'s are often annuity based. From a tax perspective, the contributions and rollover guidelines are the same.
4 votes
You can compare it to one of the numerous bond indexes that match the type of bond you are measuring. Check out teh various indexes at
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