Merrill Lynch 401k Plans
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What if the Common Man Could not Invest in Stocks and Mutual Funds?
What if the average American could not invest in the stock market or buy mutual funds? What if only the wealthy could do this? Well, as more and more regulations are put on the financial investment industry and more and more minority shareholder lawsuits abound, we may see a time when the little guy gets shut out. In fact many financial planners will not take to anyone who has less than 500,000 dollars to invest. Why? Well they feel it is not wo Read More... -
Roth 401K Options
In January 2006, retirement planning became even more complicated with new Roth type accounts being available for 401k and 403b plans. If your employer chooses to offer this option, you may now be given the choice of making tax deductible or non tax deductible contributions. Employers may amend their plan documents to allow for the new options provided for under recent tax legislation. However, they are not required to make this option availab Read More... -
The Downside to Roth 401(k) Plans
There has been a lot of buzz surrounding the new Roth option on 401k’s. Obviously, there are a lot of sound reasons why it is a good idea to add a Roth option to a 401k – otherwise our law makers wouldn’t have passed this piece of legislation. However, there is a one, very compelling reason to not add a Roth option to your 401k. The simple, singular reason for not doing it is that it further confuses participants which leads to lower participa Read More...
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