Month: February 2019

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.

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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).  

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