401(k) Rollovers Aren’t Always the Best Deal

add,

al rawabi dst. al marzouki clinic,

jeddah, saudi arabia,

mobile no,966-0507724380,

sheik chowdhury of NY 7:56PM June 05, 2009

Frankie,

I participate in a 401(k) today, and would not hesitiate to do it again. We have all endured losses over the last 18-24 months due to the market activity. Anyone that participates in a 401(k) should know that these funds are invested in the stock market and you can experiece great risk AND reward. While I have recently experienced losses, I expect that as the recession comes to an end and the market improves, the rewards will begin to be realized. 5k at about 2% in a savings account is not going to come near the return of 5k placed in a 401(k) with research on the funds. Most of my current elections are historically experiening a return of 5% or greater.

Forgive me, but personally I would rather take responsibility for the direction of my retirement account and know that I can re-allocate my funds to more conservative funds as my retirement draws closer. I am no financial advisor, but I would expect greater days in the next 17 years than what we have experienced in the last two years.

Jim of AR 12:36PM May 28, 2009