It is not uncommon for individuals to have multiple 401(k) plans if they have changed jobs frequently. There are several options for rolling over and consolidating multiple accounts. Each rollover option has unique qualities with both advantages and disadvantages depending upon your situation.
Many of our current client relationships began with a consultation including an analysis of their existing brokerage account statements. Those statements can be very confusing.
Trying to answer these questions may be intimidating, but know that you’re not alone. Your financial advisor is here to help. While this is not intended to be an exhaustive list it will hopefully shed light on a few key principles, using data and reasoning, that may help improve investors’ odds of investment success in the long run.
Costs matter. Whether you’re buying a car or selecting an investment strategy, the costs you expect to pay are likely to be an important factor in making any major financial decision.
Fiduciaries are required to act impartially and provide advice that is in their clients’ best interest, and in doing so, must act with the care, skill, prudence, and diligence that a prudent person would exercise based on the current circumstances.