https://www.retirementplanningscottsdale.com/2019/12/06/anil-vazirani-scottsdale-investment-advisor-shares-you-may-not-own-all-the-money-in-your-401k/ Anil Vazirani Scottsdale Investment Advisor shares you may not own all the money in your 401k
Per a recent article in CNBC, if you receive an employer match you don’t own the entire balance of your 401(k) until you are fully vested in the plan. As an example, if your employer contributed $100 to the match, and the returns were $10, and you’re 50% vested, then you get $55: half of the contribution, and half of the earnings.”
Also, be aware of hidden 401(k) fees. A 1% difference can mean a much smaller account balance.
For more information: https://www.financial-planning.com/news/do-clients-own-all-of-the-money-in-their-401k
Anil Vazirani is president of Secured Financial Solutions, independent insurance advisor investment advisor rep with a fiduciary obligation and in the financial services industry since 1994. A+ rating with the Better Business Bureau for over a decade and a half, members in good standing with the National Association of Insurance and Financial Advisors.
Dial 1-800-957-5604 x 200 and set up a complimentary strategy session to understand what your goals are, understand what objective you’re trying to accomplish, your risk tolerance, and let us show you how to reduce your investment fees from stocks, bonds and mutual funds down to one point, or five percent when you work with our investment advisory platform. Dial 1-800-957-5604 x 200, and on the web at: DreamRetire.com
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