401(k) And Rollovers – Total Financial Solutions Safer Money Hour – May 23, 2017
401(k) And Rollovers – Total Financial Safer Money Hour – May 23, 2017
Hosts: Arif Halaby & Jeff Girard
Topic: 401(k) And Rollovers
On this episode of Total Financial Solutions, Hosts Arif Halaby and Jeff Girard discuss YOUR families finances, getting out of debt, managing your money, planning for your future, retirment and your 401(k).
What are trends that are beginning to emerge with retirement accounts and 401(k)?
One thing that I constantly hear people say is that, ‘I didn’t know i could take my retirement account with me when I left. I didn’t know that was an option I had’, Arif said.
“Just because your retirement account is currently in the stock market, mutual funds or bonds, do you have a choice to do something different, and that is important to know,” Arif said.
Previous Episode: Life Shares With Brian Clark – Total Financial Solutions Safer Money Hour – May 16, 2017
Arif and Jeff discuss In Service Rollover or In Service Distribution, which essentially means you are allowed to take money out at a certain age in which you’ve already received a match on and remove a portion of that or all of it and keep the account open and continue to get matching but take a big chuck of that money out and remove the fees and risk and find a place where you are not paying fees. And now you are building your account and in a way diversifying your accounts.
Total Financial Solutions offers assistance with preparing for retirement and financial planning in Santa Clarita and the surrounding valleys. Santa Clarita financial advisor Arif M. Halaby, a Certified Estate Planner, and Total Financial Solutions staff work with people of all ages, helping them protect, grow and preserve their assets through an individualized approach. Arif Halaby is also the host of “Total Financial Solutions Safer Money Hour” on KHTS AM-1220. Launched in 2004, the show offers listeners from Santa Clarita financial planning tips and guidance for dealing with today’s ever-changing financial needs.