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Manage 401K yourself or hire professional?

Posted on 4/29/20 at 2:44 pm
Posted by DUGAST
La.
Member since Sep 2014
103 posts
Posted on 4/29/20 at 2:44 pm
At what point does it make sense to move your 401K outside of your company administered plan where it can be managed by a professional rather than yourself?


TIA
This post was edited on 4/29/20 at 3:13 pm
Posted by Taffeta
Baton Rouge, LA
Member since Dec 2012
924 posts
Posted on 4/29/20 at 2:45 pm to
Is your employer matching?

Posted by JOJO Hammer
Member since Nov 2010
11921 posts
Posted on 4/29/20 at 2:53 pm to
As long as your company is matching keep it there. If you leave your company move it to a professional.

If you have a managed account (outside your company) the professional will probably give you advice on your 401k as well.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 4/29/20 at 2:56 pm to
Put it where it will get the best returns. If a pro is getting better rusults....mo money.
Posted by DUGAST
La.
Member since Sep 2014
103 posts
Posted on 4/29/20 at 3:13 pm to
quote:

Is your employer matching?


yep, $for$ up to 5%
This post was edited on 4/29/20 at 3:15 pm
Posted by notsince98
KC, MO
Member since Oct 2012
18005 posts
Posted on 4/29/20 at 3:15 pm to
quote:

At what point does it make sense to move your 401K outside of your company administered plan where it can be managed by a professional rather than yourself?


TIA


Not while you are working at that employer.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 4/29/20 at 3:56 pm to
i manage my solo401k myself
Posted by DUGAST
La.
Member since Sep 2014
103 posts
Posted on 4/29/20 at 5:35 pm to
quote:

i manage my solo401k myself


Roger that.

What are good sources for information on diversification and good investing strategies at different ages?

Bond % vs Equity %, rate of return and risk levels?

I know google is my friend, however, looking to get different opinions here.

TIA
This post was edited on 4/29/20 at 5:37 pm
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