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SVTPerformance's Chain of Restaurants
Road Side Pub
Q & A - Ask a financial advisor
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<blockquote data-quote="JPD5801" data-source="post: 15852903" data-attributes="member: 41298"><p>That depends on the expenses associated with the 401(k) Plan. Contrary to popular belief, 401(k) plans are not free to the employees of a firm. If the IRA has lower fees and expenses than the 401(k) plan, it is likely you'll be better off leaving your money in the IRA. Also, IRAs generally have more investment options than do 401(k) plans. Obviously, every situation is unique, but those are just some general guidelines. To determine how much your 401k plan costs you, you should request the 'Participant fee disclosure' from your employer. This may also be posted on your 401(k) website (where you log in to see your account). By law, this must be provided to you at least annually. </p><p></p><p></p><p></p><p></p><p>Sounds like he/she is good to go! Most fund companies have a risk questionnaire to help a person determine an appropriate investment allocation. As I said above, I'm partial to index funds, so I would suggest a provider like Vanguard or iShares, but I think most fund companies offer all in one type of funds these days.</p></blockquote><p></p>
[QUOTE="JPD5801, post: 15852903, member: 41298"] That depends on the expenses associated with the 401(k) Plan. Contrary to popular belief, 401(k) plans are not free to the employees of a firm. If the IRA has lower fees and expenses than the 401(k) plan, it is likely you'll be better off leaving your money in the IRA. Also, IRAs generally have more investment options than do 401(k) plans. Obviously, every situation is unique, but those are just some general guidelines. To determine how much your 401k plan costs you, you should request the 'Participant fee disclosure' from your employer. This may also be posted on your 401(k) website (where you log in to see your account). By law, this must be provided to you at least annually. Sounds like he/she is good to go! Most fund companies have a risk questionnaire to help a person determine an appropriate investment allocation. As I said above, I'm partial to index funds, so I would suggest a provider like Vanguard or iShares, but I think most fund companies offer all in one type of funds these days. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Q & A - Ask a financial advisor
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