Author: plootus

Market volatility and 401k plans

Impending Recession: A Fallout From COVID-19

The market volatility due to COVID-19 has evaporated billions of dollars out of average American only source of retirement i.e. their 401k plans. The average employee is not only worried about their health but also the fear of losing their job. On top of that their retirement assets are plummeting with the stock market crash.

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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.

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3 Fees That Are Bleeding 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).

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