Comments on: 401K Options for Poor Company Plans and Job Changes http://theadventurouswriter.com/blog/401k-options-for-poor-company-plans-and-job-changes/ Got goals? Need a push in the right direction? You've come to the right place! Tue, 22 May 2012 22:32:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Laurie PK http://theadventurouswriter.com/blog/401k-options-for-poor-company-plans-and-job-changes/comment-page-1/#comment-5494 Laurie PK Wed, 15 Jul 2009 03:17:26 +0000 http://theadventurouswriter.com/blog/?p=2164#comment-5494 Thanks for this advice, Rick. I really appreciate your financial expertise here! Thanks for this advice, Rick. I really appreciate your financial expertise here!

]]> By: Rick Rodgers http://theadventurouswriter.com/blog/401k-options-for-poor-company-plans-and-job-changes/comment-page-1/#comment-5482 Rick Rodgers Wed, 15 Jul 2009 01:18:22 +0000 http://theadventurouswriter.com/blog/?p=2164#comment-5482 I advise clients to get their money into their 401(k) plans as early in the year as possible. Investing early gives your money longer to grow tax deferred. Some people may want to dollar cost average into stock funds in their 401(k). These people should still make contributions into the plan as early as possible but allocate 100% of the new money to a stable value fund. You can move part of the money out of the stable value fund and into stock funds on a regular basis to implement a dollar cost averaging strategy. I don’t know what Andrew means by your bank having the answers. You should go to the person who is the plan administrator of your employer’s plan for answers on your 401(k). Companies have a lot of leeway in setting up their plan. Your bank would not know anything about the company plan unless they are the provider. 401(k) options can be confusing but not all of them put your money at risk. All employers provide at least one low risk investment. Usually in the form of a money market fund or a stable value fund. Check with the plan administrator for a person to contact to help explain the various 401(k) investment options. Many companies are now using an independent adviser that consults with plan and offers their employees help with investment choices. I advise clients to get their money into their 401(k) plans as early in the year as possible. Investing early gives your money longer to grow tax deferred. Some people may want to dollar cost average into stock funds in their 401(k). These people should still make contributions into the plan as early as possible but allocate 100% of the new money to a stable value fund. You can move part of the money out of the stable value fund and into stock funds on a regular basis to implement a dollar cost averaging strategy.

I don’t know what Andrew means by your bank having the answers. You should go to the person who is the plan administrator of your employer’s plan for answers on your 401(k). Companies have a lot of leeway in setting up their plan. Your bank would not know anything about the company plan unless they are the provider.

401(k) options can be confusing but not all of them put your money at risk. All employers provide at least one low risk investment. Usually in the form of a money market fund or a stable value fund. Check with the plan administrator for a person to contact to help explain the various 401(k) investment options. Many companies are now using an independent adviser that consults with plan and offers their employees help with investment choices.

]]> By: Laurie PK http://theadventurouswriter.com/blog/401k-options-for-poor-company-plans-and-job-changes/comment-page-1/#comment-5477 Laurie PK Tue, 14 Jul 2009 22:01:32 +0000 http://theadventurouswriter.com/blog/?p=2164#comment-5477 Regarding 401K options: is it better to invest a lump sum once or twice a year (say, when you get your tax refund or a bonus check from work), or to invest $25 or $50 a week? Also, regarding what Andrew said, can your bank give you all the answers you need? Regarding 401K options: is it better to invest a lump sum once or twice a year (say, when you get your tax refund or a bonus check from work), or to invest $25 or $50 a week?

Also, regarding what Andrew said, can your bank give you all the answers you need?

]]> By: Andrew Richardson http://theadventurouswriter.com/blog/401k-options-for-poor-company-plans-and-job-changes/comment-page-1/#comment-5470 Andrew Richardson Tue, 14 Jul 2009 14:47:04 +0000 http://theadventurouswriter.com/blog/?p=2164#comment-5470 I believe your bank should have the answers you need. 401K options are confusing, and can put your investments at risk. I believe your bank should have the answers you need. 401K options are confusing, and can put your investments at risk.

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