There was an article on CNN/Money that discussed how some individuals are tapping their 401k accounts to buy homes as investments.
401k retirement plans are a great way to save for retirement. I am frequently asked how much money my clients should put away for retirement in their 401k and when should they start to use some other type of account. That question is usually specific to the individual’s financial position as well as how their 401k plan stacks up against other investment account options.
So you recently (or maybe not so recently) left a job. You probably cleaned out your desk before you left but did you remember to take your 401k with you also? One of the most frequent questions I get is what should I do with my old 401k. There are four options:
This is Part 2 of on my thoughts of why you should use an investment advisor.
Often times when I meet with individuals they think the reason to hire an investment advisor is so they can have their own personal Warren Buffet to pick stocks and outperform the stock market.