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 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.