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Tag Archive: retirement advisor in chicago il

Silent Thief

Tony Wiley

Tony Wiley | May 21, 2014 | ,

For years now, with record low interest rates, many have come to the belief that inflation is a non-factor. Before I address that assumption, let us first understand what inflation is. In its simplest terms, inflation is an increase in the price of goods and services in an economy over a period of time. It reduces purchasing power and has been referred to as the “Silent Thief”. Historically, inflation is said to grow at around 4% per year. That means one dollar today should be...

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What’s a 401k In-Service Distribution?

Carl Ostenson

Carl Ostenson | March 17, 2014 | ,

Question: Is it possible to move your current 401k plan into a self directed IRA, before you retire? Answer: Usually YES, but you have to be 59 ½ or older. It’s called a 401k In-Service Distribution. You may have a good reason why you would want to move your 401k somewhere else: More investment options Lower fees Lock in some gains and put the money someplace safer Some kind of annuity for future income Whatever your reason is, a 401k In-Service Distribution allows you to...

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