401k options

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Rolled it to a much better investment company with much better investment options. And, eventhough they can not keep you from doing so, they sure tried to talk me out of doing the rollover!
 






Not in a position to leave myself right now. Very disturbed about having to go from Vanguard to Fidelity. Once I'm out of here, I'm rolling it back to Vanguard. Just another reason (among many) to dislike Merck.
 












Anonymous said:
I'm rolling it into an online brokerage account and managing it myself. Merck's 401(k) plan completely sucks.
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Visit your local Fidelity they're all over the place. Most people I know have stopped by to ask them about layoffs and what they recommend for your 401 we have with them. They'll give you information and some of their pens.
 






Anonymous said:
Visit your local Fidelity they're all over the place. Most people I know have stopped by to ask them about layoffs and what they recommend for your 401 we have with them. They'll give you information and some of their pens.
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PENS!!!!Does Merck know they do this with their clients? Does Obummer know???
I am stopping by today, my pen stock is getting low.
 






Never got a pen from my Fidelity adviser. But they have great resources like how to budget and plan out retirement, etc. Many are free. I also attended one of their free seminars which was very helpful.
 






Also make sure they act as your fiduciary and not an advisor. There is a big difference there. I do my own planning and have done pretty well. Stay away for 12b-1 funds as they provide no real value. A lot of times the advisors will get more money if the steer you into a fund. Also remember if you are unemployed you can’t dollar cost average on the way down especially if you will be unemployed for a while. There are so many things to watch out for. I have seen advisors destroy the values of 401k’s because they are greedy and lack any real knowledge. How old are you? How much do you have saved outside of the 401k? Remember short and long term goals.
Everyone is anonymous.
 






Anonymous said:
Also make sure they act as your fiduciary and not an advisor. There is a big difference there. I do my own planning and have done pretty well. Stay away for 12b-1 funds as they provide no real value. A lot of times the advisors will get more money if the steer you into a fund. Also remember if you are unemployed you can’t dollar cost average on the way down especially if you will be unemployed for a while. There are so many things to watch out for. I have seen advisors destroy the values of 401k’s because they are greedy and lack any real knowledge. How old are you? How much do you have saved outside of the 401k? Remember short and long term goals.
Everyone is anonymous.
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What is a fiduciary?
 


















You are better off to get out of the 401k and roll it to a IRA with Fidelity,Vanguard, T Rowe Price, Etc. The fund choices are enormous, Not just Mutual funds either, ETFs, Annunities, Individual Stocks. Make sure you are aware of the fees, loads and such. Get a certified financial planner who works on a fee to recommend what is best for your situation. Read books by Ric Edelman, "The Truth About Money", and others. Look at Ric's website ricedelman.com
 












Anonymous said:
You are better off to get out of the 401k and roll it to a IRA with Fidelity,Vanguard, T Rowe Price, Etc. The fund choices are enormous, Not just Mutual funds either, ETFs, Annunities, Individual Stocks. Make sure you are aware of the fees, loads and such. Get a certified financial planner who works on a fee to recommend what is best for your situation. Read books by Ric Edelman, "The Truth About Money", and others. Look at Ric's website ricedelman.com
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Are you Rick or his PR agent?
 






Ric Edelman is CEO of Edelman Financial Services, LLC. He will provide seminars at a price but he does not tell you there are financial advisers there that will rob you blind with fees. This is a type of person you don't want to see. He does not do anything and he under performs the market. Please don't listen to Jim Cramer or any of those people. I wish I had more time. Most annuities are rip offs. The best thing you can do is to speak to your accountant as far as roll overs are concerned. A "certified financial planner" really means poop and why the hell would you buy individual stocks?
 






Anonymous said:
Ric Edelman is CEO of Edelman Financial Services, LLC. He will provide seminars at a price but he does not tell you there are financial advisers there that will rob you blind with fees. This is a type of person you don't want to see. He does not do anything and he under performs the market. Please don't listen to Jim Cramer or any of those people. I wish I had more time. Most annuities are rip offs. The best thing you can do is to speak to your accountant as far as roll overs are concerned. A "certified financial planner" really means poop and why the hell would you buy individual stocks?
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So what do you do? Put it in a tin can and bury it the yard? Buy gold coins? What?????
 












Anonymous said:
Look into Fixed Indexed Annuities...provides an up front bonus and a guaranteed 8% per year return and you can't lose money when the market tanks.
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They are called equity index annuities and nothing will give you a 8% guarantee even during the best of times. You do not get any dividend from the stocks they invest in and they also have cap rates associated with them. The advisors love to sell them because they make the most money. Do you really think there is anything on the planet that will give you a 8.0 percent rate of return? The only think that might is a company in financial trouble and needs cash. As the GM bond holders about that. They got cleaned when they went into bankruptcy. 50k will get you 7k. Glad the government bailed them out. Look under the hood at this stuff.
 












you know nothing. I have included a link into the sec website. They also have other links that are helpful. There are many fees associated with them. They are paid by the insurance company and not the person. Where do you think they get the money to pay the consultant? A very few are good and most are crap. I don't need to do homework, I teach the class.
http://www.sec.gov/investor/pubs/varannty.htm
 






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