Want to know how to invest your 401k, 403b or IRA dollars?
Investment advice will be more accessible for millions of Americans in 401k and 403b type plans and individual retirement accounts (IRAs). Access to professional investment advice is particularly important now for workers as they manage their 401k and 403b plans and IRAs in changing and volatile financial markets since most of us know not what to do or in what type of securities to invest now that portfolios are down between 20% and 40% since October 2007.
The PPA amended ERISA by adding a new prohibited transaction exemption that allows greater flexibility for participants of 401k and 403b plans and IRAs to obtain investment advice. One of the ways in which investment advice may be given under the exemption is through the use of a computer model certified as unbiased. The other way is through an adviser compensated on a “level-fee” basis. Several other requirements also must be satisfied, including disclosure of fees the adviser is to receive.
Millions of American workers are responsible for managing their 401k, 403b and IRA accounts. The department took extraordinary steps to engage a broad spectrum of participants, employers, plan fiduciaries and others throughout the rulemaking process. The final rule expands access to investment advice without compromising the critical protections for plan participants and beneficiaries.
Remember, a 401k, 403b or an IRA is not a “pension plan”; it is “your own money”. Times are not like the old days when dad worked 30 years for a big company and received a “pension” after he retired. We all now have to fend for ourselves when it comes to our investment dollars.
Contact the Retirement Consulting and Strategic Specialists at Robert C Olivieri, Jr. PC if you have any questions or are looking to have your retirement portfolio analyzed by a “non stock broker”. We are not in the business to sell you products. You need to find someone you are able to trust and we are the professionals that will guide you and your family to a fruitful retirement. Take advantage of our 30 plus years of Strategic Guidance in Retirement and Financial Planning using investments that have “Guaranteed Returns”, “No Risk” and better value for your investment and retirement dollar. Our unique retirement suggestions and strategies are not stockbroker or insurance agent friendly because, again, we are not in the business of selling stocks, mutual funds, annuities or life insurance. Feel free to call Bob, almost anytime, at 215.943.3296 for any questions you may have. Is it not time you dealt with Retirement and Investment Specialists that are able to pave your way to wealth and freedom without the sleepless night and knots in your stomach when the stock market has it moments of volatility?
