July 12, 2016
my Old 401K

What should I do with my Old 401K

What should I do with my Old 401K That’s a great question if you recently changed jobs. Here are four suggestions you may want to consider.   Do nothing Move the old to the new Cash it out Roll it over
May 14, 2016
best time to buy a stock

4 Steps to pick a Mutual Fund in your 401(k)

“4 Steps to pick a Mutual Fund in your 401(k)”, Picking the right mutual fund may seem like a daunting task when landing a new job or revisiting your 401k investments at your current job. However, it doesn’t have to be nearly as mind-boggling as it may seem. While this is not the level of detail that a CFP®, Wealth Manager, or  Investment Advisor is going to provide you as their client, it is a simple strategy to help you choose the mutual fund that’s right for your investment needs. In order to start choose your investing style: a.k.a – asset allocation. How much small, mid or large cap do you want? Are you considering international as an option? Do you desire fixed income?   If you still need some help deciding the type of investor you are, then Google ‘risk tolerance exam’  and you’ll turn up a litany of resources to help you pinpoint that. As you discover your investment style, you’ll be able to settle into the funds that fit your overall plan. You’ll essentially be building a pie chart. For example, maybe you want 40% large, 30% mid, 20% small and 10% international. You’ll then identify the funds in […]
March 10, 2016
INHERITING MONEY WISELY – What to do With Stocks And Real State

INHERITING MONEY WISELY – What to do With Stocks And Real State

INHERITING MONEY WISELY – What to do With Stocks And Real State Baby Boomers are coming into a vast piece of wealth, in the form of inheritance from their parents’ generation. Boston College researchers say that the transfer, by the time all is said and done, will total $8.4 trillion. If you are in your 50s or 60s there’s a two out of three chance you will be part of this movement, with the median inheritance totaling $64,000. Even if you are in your 30s or 40s (i.e. a member of Generation X) you may already be receiving some of this wealth. These inheritances fall into two categories: qualified and nonqualified. Qualified assets are the IRAs, 401(k)s, and other accounts set up to defer taxes. Here we will be talking about nonqualified assets: the home, the piece of real estate, the stocks, the collectibles—everything left over from a lifetime.   So what do you do if you’re one of the lucky ones? At Heritage Investors, we believe the best answer is “nothing,” at least for a little while. We all know the story: someone inherits a fortune and goes nuts, spending it in a few years with nothing to show […]
February 17, 2016
Hire a CFP

Why a CFP is Vital in Your Financial Plan

Why is a CFP®, Certified Financial Planner, important in your financial future?