What should I do with my Old 401K “What should I do with my Old 401K”, Have you changed jobs recently? Not sure what to do with your 401k? Here are 4 helpful suggestions you may wish to consider. Justin Goodbread, CFP® and Co-CEO of Heritage Investors, a wealth management and financial advisor and an investment advisor in Knoxville, Tennessee answers this question. Heritageinvestor Planningisfun Above i have added the video to understanding everything about the article. Please do watch the video and share it with others too. I ma trying very hard to provide you everything to improve your life financially. Please connect with me for more lectures and articles.
“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 […]
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 […]