Due to recent changes in SEC regulations, we can no
longer provide our investment recommendations for various company
401(k) plans on our website. If you have a 401(k) plan at
work and would like to ask a question regarding your investment
options, please contact Financial Advisor Cindy Szymanski,
CFP®, at firstname.lastname@example.org
or at (248) 932-5200.
Investments Outside Of Your 401(k) Plan
On the topic of investments outside of your 401(k) plan, these
are really important because many times an investor can fill gaps
that exist within the 401(k) plan. For example, we recommend a
broad diversification strategy including several alternative asset
classes, such as REITs, Energy/Commodity Funds, International Small
Caps, International Bonds, etc. Most 401(k) plans do not have
options offered in these areas, thus, those outside investments
become very important in being able to implement a well-diversified
asset allocation such as we recommend for our clients.
Lastly, we recommend that you consult an independent financial
professional, such as the staff of Bloom Asset Management, if you
need further clarification so you can ensure the investment
portfolio you develop is in line with your goals and objectives,
and risk tolerances.
If you have already retired, or moved to a different employer,
you should handle your 401(k) differently!
If you are currently retired, or have gone to work for another
employer, and still maintain a 401(k) plan , then you have further
flexibility in constructing a more diversified portfolio. In fact,
our general recommendation is that you should rollover your 401(k)
assets on a completely tax-free basis into an IRA rollover account
with a company that offers a robust no-load, no-transaction-fee,
mutual fund marketplace, such as Charles Schwab & Co., Inc.,
Vanguard or T. Rowe Price. That way, you can invest into a much
broader selection of no-load, no-transaction-fee funds and your
investments will not be dictated by the whims of your ex-employer.
Furthermore, you can better coordinate your other IRA and non-IRA
investments through one low-cost company rather than spreading your
investments across a number of different companies with different
statements, websites and customer service contacts.
If you have not yet rolled over your 401(k) assets, this is
where Bloom Asset Management can truly help you. For investors who
want the help of a professional in rolling over their 401(k) or
coordinating their overall investment plan, we offer Investment
Management services as well as Financial Consulting services. For
more information on our services, review the Money Management
and Financial Planning page in the About Us Section of our website. To make an
appointment to meet with one of our professional staff for a
no-strings-attached, get-to-know-you meeting, please contact
Delilah Caputo at (248) 932-5200 or via e-mail at Delilah@BloomAssetManagement.com.