Tag Archives: retirement strategies

What are the Reasons to Talk with An Expert About 401k Investment?

The reality is that there is nothing stopping you from discussing your options in 401k investment with an experienced professional. There isn't any regulatory authority that states you cannot. You need to get in touch with the best 401k advisor to understand the investment process.

Investing Beyond Your 401(k): How To Do It And Why You Should

Image Source: Google

You are able to invest in professional financial advice directly through your 401k account in theory. It might be surprising to learn this plan as revised due to the Pension Protection Act of 2006 in fact, has a process that allows for the payment of these charges. 

This is logical in the sense that you've been paying for fees from the account for years. Surprised? Yes, it is true. If you've invested money into any target date or mutual funds on your account, you've paid the asset manager's fees directly from the fund. This isn't even clear – that is to say you never received an invoice. They calculated the fees and subtracted it.

In the absence of the inclusion of a specific provision in your plan to allow the direct payment of fees for advisory services out of your plan assets, it is probable that your employer and the Plan Provider may oppose you from doing this. This, on the one hand, is quite understandable. The primary concern for them is to ensure that you are not associated with a shady character. 

Another concern is when you or your advisor sabotage accounts, they could be enticed by the prospect of dragging them into court and make the argument that they never ask you to do the things you did. Therefore, it is mandatory to find a reliable and expert financial advisor.