WordPress database error: [Got error 28 from storage engine]
SHOW FULL COLUMNS FROM `wp_options`

Plootus : 401(K) simplified

Welcome To Plootus

Bitcoin as an investment option for Self Directed IRA

What is a Self-Directed IRA?

A self-directed Individual Retirement Account (SDIRA) is an IRA account that provides you the flexibility to invest in a wide variety of assets outside the traditional options such as stocks, bonds, mutual funds, andETFs available for investment through an Individual Retirement Account.SDIRA is not a new phenomenon – it has been around since 1974 in the tax code when IRA options were introduced. It allows for the same tax benefits that are available to Traditional or Roth IRA.

Continue reading

3 types of fees that bleed your retirement assets

Per the US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal!  As not all employer’s match, people are looking to the financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).

Continue reading
Received your yearly bonus. Ready to move on?

An offer letter is in the mail. Now what?

At this time of the year, with bonuses from last year pocketed, I am sure a few of you are looking for greener pastures!  What you’re going to do with your 401k plan balance is definitely not one of the top things on your mind when switching jobs.  However, it is an important decision that needs to be made.

Continue reading
Plugging the holes in the 401k account

Plugging the holes in your retirement bucket

Per US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal!  !  As not all employers match employee contribution, people are looking to financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).  

Continue reading

John Bogle: Father of Index Funds died at 89

Yesterday, January 16, 2019, will go down in history for the passing of John Bogle, fondly known as the father of index funds, who died at the age of 89.  He was the first to create a mutual fund tied to an index such as S&P 500 and made index investing a popular phenomenon.  He revealed to the world that active fund managers rarely beat the benchmark indexes on a consistent basis and are plagued by exorbitant advisory fees and high operating costs. 

Continue reading