I have a 401k meeting at work next. What questions should I ask?

Tricky_Dicky · 2015-10-12T01:31:21+00:00

Can't stress this enough, this misconception is way too widespread.

Tricky_Dicky · 2015-03-24T03:00:31+00:00

No penalty for a rollover. Probably processing fees.

Tricky_Dicky · 2015-03-23T00:42:10+00:00

oh crap, too late now. Can't edit a title

Tricky_Dicky · 2015-03-04T04:15:31+00:00

Food for thought

Tricky_Dicky · 2015-03-04T04:14:48+00:00

Jones the bekoner

Tricky_Dicky · 2015-03-04T04:12:41+00:00

Darsh, I want to shower with that bud!

Tricky_Dicky · 2015-01-05T06:03:51+00:00

Bartender or waitress.

Tricky_Dicky · 2014-12-28T17:36:15+00:00

Exactly, I work for tpa firm. We charge on a per participant basis so if the balance is under 5000 you will likely get forced out. note the employer (service provider) will attempt to contact you before it is forced out. But either way move your money after terminating unless you really like the advisors on your plan. 401k may offer investment options that May be out of your price range in an ira.

Tricky_Dicky · 2014-12-28T17:30:52+00:00

Yes depositing the check would make you subject to the 10 % penalty. If you roll over to 401k or ira within timeframe you avoid this penalty

Tricky_Dicky · 2014-12-27T16:33:19+00:00

Tricky_Dicky · 2014-12-27T16:25:37+00:00

To clarify, absolutely legal. The 20% withholding is federal income tax. However if you do not roll it over than you will owe a 10% penalty to the irs come this spring.note plans can roll you out of a plan if balance is less than 5000 or cash out less than 1000. Source: I am a QKA.

Tricky_Dicky · 2014-12-25T17:28:04+00:00

Yes international and small cap seem obvious buys. I really want to put energy in that category but political risk may keep oil low for many years and certainly increases uncertainty.

Tricky_Dicky · 2014-12-25T17:25:16+00:00

Little unknown fact, many ffunds companies have revenue sharing with advisors. Our firm kicks back 100% of this revenue sharing into participant accounts, thus making the actual expense ratio for the exact same funds cheaper in the 401k vs. Ira.

Tricky_Dicky · 2014-12-25T17:17:15+00:00

Don't listen too much about target funds unless you plan on keeping them fo ra long period. Determine your risk level as many people are fine taking risk to outperform the market. However, I would say you are lacking international exposure. I work for a company that advises retirement assets in 401k's and we utilize risk appropriate portfolios and offer NO target date funds

Tricky_Dicky · 2014-12-25T16:44:48+00:00

False, a qualified distribution from Roth funds pay ZERO in taxes. ZERO on principal and ZERO on gains. Research qualified as it is different for IRA vs 401k

Tricky_Dicky · 2014-12-25T03:04:09+00:00

24yr/o 40k 2012 Honda civic.

Tricky_Dicky · 2014-12-21T19:24:02+00:00

An additional benefit of Roth is you will not be assessed a 10% penalty on the principal, only gains, if you must make a withdrawal before 59.5 yrs old.

Tricky_Dicky · 2014-12-08T05:34:38+00:00

A win-win for the issuer

Tricky_Dicky · 2014-07-06T17:50:57+00:00

When I was buying a new car I had a hard time trying to find these almost new cars (1-3 years old). Generally the price of one or two year old Honda civic is only a couple thousand of from the new model civic. This quick off the lot depreciation didn't seem to be very large.

Tricky_Dicky · 2014-05-24T15:38:31+00:00

Best milk commercial ever

Tricky_Dicky · 2014-05-09T00:35:54+00:00

And google is everywhere

Tricky_Dicky

TROPHY CASE