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Old 06-16-2014, 11:27 AM
14,256 posts, read 23,974,521 times
Reputation: 20048


Originally Posted by oddstray View Post
Our financial guy didn't like any of the investment options in my 401K plan. He said they were great for younger workers, but lousy for someone looking at retiring soon. So we did an "in-service rollover" (which anyone can do after age 59) and he's investing the money in more appropriate ways.

I have NEVER seen a financial adviser who wanted you to keep your money in the employer's 401(k) even when such funds are invested in low-cost no-load index funds with good performance records.

I would advise anyone to take a closer look to see what the financial adviser proposes to do with the funds first.
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Old 06-16-2014, 03:25 PM
81 posts, read 67,827 times
Reputation: 260
Was just recently considering this. I've always chosen from the available funds as best I could but am now thinking I need to direct it all into the target date strategies provided. Since I have at least 8 years to go before even considering withdrawals, is there a tax consequence if this all gets reshuffled? What's the worst that can happen? The 401k administrating company has had this for less than 2 years so my personal return average doesn't have enough long term data to draw any conclusions from. Honestly, I look at it often but never change anything. I only know enough to know how much I don't know (and I'm constantly reading and studying to improve) but I don't trust a financial advisor to look after my best interests. It's not that I want to just out it all on auto-pilot, but I'm thinking there's got to be a better way.
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Old 06-16-2014, 04:09 PM
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We are still in our employee based retirement plan. Just with Fidelity alone we have 194 funds to select from all index are advantage (?) class and most closed funds are still available. There are multiple other vendors.
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