Tag Archives | 401k

The Fiduciary’s Corner: Answers to Recent Client Questions

Let’s take a look at recent client questions.

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401(k) Loans: What You Need To Know

Employer-sponsored retirement plans, specifically 401(k)s, are easy and efficient tools for helping employees save for their golden years. However, if you’re an employee and you need to tap some cash now, it’s tempting to ask yourself: “How can I access this money?” The short answer: It’s fairly easy to do so, but there some important […]

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How Can I Find My Old 401(k) Account?

Key Takeaways Don’t overlook 401(k)s from past jobs. The account value is probably still growing and the money is rightfully yours in retirement. You can roll over an old 401(k) into a personal IRA and often into your new employer’s 401(k) without penalties or tax consequence. The Labor Department and Pension Benefit Guaranty Corp. are […]

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401(k) Investment Choices: Pros and Cons of Proprietary Funds

When it comes to employer-sponsored 401(k) retirement plans, there is a wide range of fund offerings and costs to consider. Depending on whom the plan sponsor is, as well as the size of the plan and the custodial platform used, plans can offer participants anywhere from 10 funds to choose from to five-dozen or more. […]

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401(k) Rollover Opportunities and Pitfalls

Key Takeaways Consider all of the pros and cons of a rollover before making a move. Very high 401(k) fees may be a good reason to roll your account over to an IRA. Use “trustee to trustee” rollovers to avoid inadvertent tax traps. Suppose you’re about to receive a distribution from your 401(k) plan, and […]

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Target Date Funds – “To” and “Through” the Details

Key Takeaways: Target Date Funds are a popular choice in retirement plans. Understanding the asset allocation and glide path for the fund is important. For some investors, risk tolerance may not fit a fund’s allocation. In a world seemingly obsessed with automation and quick solutions, target date mutual funds have grown in popularity with investors.  […]

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