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Just saw this part. You say that like purchasing at NAV is something special you can do for him when purchasing at NAV simply means purchasing a fund at its regular price.
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purchasing a managed fund at NAV, right. Mutual funds aren't for everybody... nor have I elsewhere claimed that they are. Will he see a return on his principle? Near guaranteed based especially on our 529 programs performance, but even specifically on the Absolute Return portfolio we have & invented.
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The funds listed in your 529 plan are a mix of actively managed mutual funds and passively managed index funds. They're all still mutual funds though and they all get bought at NAV automatically. There's nothing "special" about NAV.
Everyone but former Blackrock customers (if they roll to us) or employees friends & fam receives POP prices. As with every other mutual fund company in america.
Also to clarify - Putnam funds are strictly adviser sold.
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POP = NAV + sales charges
Offering things at POP or NAV isn't special. If the additional sales charges are zero (which they should be) then they're the same damn thing.
You should check if your financial advisor is secretly Azeth. He fucked you over roughly half a year ago and he's trying to do it again.
edit: damnit nm, just realized this 529 shit was directed at eyashusa and not tmac47
Right now I just max out a target date Vanguard Roth IRA and deposit 5% into a 401k. My company fully matches up to 3% and matches half from there to 5%. I figure that I may as well get the free money.
I was thinking about throwing $100 a month into Betterment since I don't really have large enough sums to buy most other funds. Does anybody have any thoughts on betterment? It's a newer low expense ratio firm. Their ratios are a bit higher as well since I'm paying them and Vanguard essentially.
I was thinking about throwing $100 a month into Betterment since I don't really have large enough sums to buy most other funds. Does anybody have any thoughts on betterment? It's a newer low expense ratio firm. Their ratios are a bit higher as well since I'm paying them and Vanguard essentially.
Falstaff
Ahn'Qiraj Raider
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our company just decided to stop contributing its match on a bi-weekly basis and will "re-evaluate" twice a year and decide if they will match with a lump sum or not at all.
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You already have a Roth IRA with them, just continue paying Vanguard directly by opening a taxable account if you don't want to put more into your 401k. I'd recommend maxing out the 401k though if the offered funds are good.
Soygen
The Dirty Dozen For the Price of One
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Pretty much this. Ditch the target-date funds. Stick your shit in as broad an index as possible and leave it there until you're ready for hookers and blow.
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What's the next best option if your company's 401k plan doesn't offer an index fund? Since learning what an 'operating expense' percentage actually means, I'm offended at what's offered. Should I just pick the best funds sorted by history of performance - operating expense?
Who is your 401k through? Index funds are passively managed, it's likely that it's not necessarily that they don't offer a comparable fund, it's that they likely actively manage their funds.
Basically ignore everything Azeth posts.
Check out the bogleheads wiki for a bunch of info. Point 14 addresses your situation a little bit. Check out the link in that section for more info.
http://www.bogleheads.org/wiki/401%28k%29
Lots of other things you can do like a Roth IRA, HSA used as an IRA and so on...
Cad
scientia potentia est
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Soygen
The Dirty Dozen For the Price of One
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Can you do that while still being an active participant in the 401k? I don't think you can, but if you can, I"m going to mad about not doing so since my 401k's fund options are shite compared to my Roth at Fidelity.
wtf? So Index funds arent passively managed is what you're saying? Exits that way friend ->
the idea you link wiki versus using your knowledge/education is very telling, just saying.
Yes, you can roll to an IRA Rollover while you're still employed. However your company has to sign off on it.
And you still owe 20% withholding on your qualified portion.