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Manage 401K yourself or hire professional?
Posted on 4/29/20 at 2:44 pm
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
TIA
This post was edited on 4/29/20 at 3:13 pm
Posted on 4/29/20 at 2:53 pm to DUGAST
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.
If you have a managed account (outside your company) the professional will probably give you advice on your 401k as well.
Posted on 4/29/20 at 2:56 pm to DUGAST
Put it where it will get the best returns. If a pro is getting better rusults....mo money.
Posted on 4/29/20 at 3:13 pm to Taffeta
quote:
Is your employer matching?
yep, $for$ up to 5%
This post was edited on 4/29/20 at 3:15 pm
Posted on 4/29/20 at 3:15 pm to DUGAST
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 on 4/29/20 at 5:35 pm to Fat Bastard
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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