Laid Off in San Diego

If your 401(k) investment options suck or if they are just plain too expensive and eat up your retirement returns while feathering the bed of the plan’s broker, move your money where you can control your investment options and fees.

Let’s say you now age 60 and don’t plan to retire from your job for another five years, and your 401(k) plan is very expensive and has less poor investment options. You can roll your $1 million 401(k)(or less – don’t we all wish our 401(k)’s were worth at least $1 million?), into an individual retirement account (IRA), using a little-known maneuver known as an “in-service” non-hardship distribution. (more…)

I am going to give you some advice that could mean the difference between an “enjoyable” retirement one day and a “just get by” retirement. In this post, I will share with you principles that will really make a difference and keep you out of the kind of trouble even “sophisticated” investors find themselves in. If you heed this advice, you will never have to worry about getting fleeced by some crook like Bernie Madoff, the broker who ran a ponzi scheme that allegedly stole around $50 Billion from both institutions and individuals.

So, here goes: (more…)