Q&A
Asked by Lynn
Answered by Prateek Mehrotra
Financial Adviser in Appleton, WI
Financial Adviser in Appleton, WI
The short answer is YES. The Employer is the
sponsor of the 401(K) plan and most likely a
fiduciary as well. They can decide to change
the line up of investment option...
Q&A
Asked by Edna
Hi -
1) He can use the funds for graduate
school or 2) you can transfer the account to
another family member - including yourself -
for college. Lastly, you can ca...
Q&A
Asked by Kathleen
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Upvote 23
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The simple answer is yes, you do. You need to
take maximum advantage of all of your
retirement savings opportunities: 401(k) (pre-
and post-tax) and IRAs (preferably ...
Q&A
Asked by Katie
Answered by Elizabeth Beagle
Insurance Agent in Burbank, CA
Insurance Agent in Burbank, CA
Some agents would state you need 12 to 14
percent of your annual earnings in life
insurance. I believe there are more practical
ways of determining the right amount of...
Q&A
Asked by Judy
Answered by Martin A. Smith
CRPC®, AIFA® in Bowie, MD
CRPC®, AIFA® in Bowie, MD
Hi Judy,
The best way to find CD rates is
to contact a financial advisor who can provide
you with a list of CDs with financial
institutions (banks and brokerages) t...
Q&A
Asked by Jessica
Hi Jessica! Sounds like you have a great
family - what a gift! As I read your question,
I hear two concerns. One - I want to grow this
money as much as possible. Two -...
Q&A
Asked by Michael
Trading is more short-term and investing is
more long-term. An example of trading would
be buying and selling a stock in a day. An
example of investing would be buyi...
Q&A
Asked by Edna
Answered by David Schlossberg
RFC, AIF, C(k)P in East Dundee, IL
RFC, AIF, C(k)P in East Dundee, IL
Everybody has a last will - the choice though
is do you want to draft it now, or do you want
the probate court to draft it for you. You can
dictate the direction of yo...
Q&A
Asked by Lynn
Answered by Steve Stanganelli
CFP®, CRPC® in Amesbury, MA
CFP®, CRPC® in Amesbury, MA
Mutual funds are a tool for investing. And
like all tools they're not good or bad but
you'll be better served if you use them
correctly.
First, the basics: A mutual...
Q&A
Asked by Katie
Answered by Barry Bailey
Financial Adviser in Kingsport, TN
Financial Adviser in Kingsport, TN
Hi Katie,
Congratulations on saving enough
to begin investing! You are on the right
track.
You probably shouldn't transfer all
your savings. Keep some back as a...
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