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
Hi William, The best way that an advisor like myself would approach your question would be to first sit down with the two of you to review your monthly expenses and retirement goals, and then ask you several questions about other areas such as your current ...(more)
0 votes
It gets extremely difficult to discriminate in 401k plans, because the purpose of them is to make sure everyone gets an equal share of retirement. from the IRS "Contributions or benefits must not discriminate. Under the plan, contributions or benefits ...(more)
0 votes
Here it is a month later and I am now looking at this question for the first time. I am assuming it is directed at a specific company or plan sponsor you were using? You might have to jump through a few hoops depending on how the plan was set up through ...(more)
2 votes
Hello, The most effective way to achieve a true benchmark comparison is to ask your advisor to provide a full analysis of their fees as well as the fees levied by your provider. If your advisor is not doing this every few years they should be as they ...(more)
-1 votes
Edin Cuskovic Level 8
You can purchase a database such as the Fee Benchmarker by fi360/Ann Schleck (I recommend you don't), or call service providers around town to get quotes. You can also find other plans of that size and call them and ask what they are paying.
0 votes
Avani Desai Level 1
Is this plan through your company? If yes, they will be able to provide more information and guide you with investing. Most retirement plans generally have a restricted group of funds you can choose to invest in.
1 vote
Edin Cuskovic Level 8
Couple of things - your wife's 401k plan document has to allow for "one time" contributions. This would be in the administrative guide of the plan document, not something companies readily share with employees. Usually this provision is allowed and ...(more)
1 vote
Edin Cuskovic Level 8
The Closing Disclosure is prepared by your closing attorney. I believe it is sometimes referred to as the HUD statement. It lists all the various financial details pertaining to the purchase of the home such as closing costs incurred by you, and who ...(more)
1 vote
Cathy Pareto Level 2
The best way to start is by contacting your previous employer's HR department. They should be able to guide you.
0 votes
If you are still with your job your HR rep should be able to help you. If you have a received a statement in the mail there should be information on the front page about whom to contact with questions. In many cases you can make the changes over the ...(more)
0 votes
Jeffery- I hope things are well with you. What you are doing is a great thing to be done. The first place to start is with your previous employer. If the amount was more than $5,000 the money should still be in the 401(k) plan. If it was less than ...(more)
0 votes
Herbert N Glass Level 18
The Department of Labor (DOL) has said in Regulations that they want 401(k) deposits of employees' money to be deposited within 7 business days following the payroll deduction. Their commentary is that the deposit should be made at the same time as other ...(more)
0 votes
Hello Lapronica- There are two options you have. Option 1, the best thing to do is that you will want to contact your previous employer and ask them for a distribution form. The next step would be to setup an IRA at either your bank, or other financial ...(more)
0 votes
Those are all excellent answers but Sheila is referring to a Pooled 401k account and not a participant direct 401k account. In other words, the participants only decide how much to contribute to the plan, not the investment mix. The investment advisor ...(more)
0 votes
What other questions did you have that the adviser could not answer?
  • posts per page
  • 15