diamondz
New Member
Cash: $ 1.70
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Joined: 02 Apr 2007
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| 401k investments |
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Hey all you gave me such good info on my 401k that my hubby wants suggestions on his he has just made his one year and just got the paper work to join .
I hope it's ok that I started a different thread since this is different information.
here is some information from the brochure:
"JVC will make matching contributions equal to 60% of the portion of your before-tax contributions that do not exceed 6% of your eligible pay.
The plan provides for an employer pension contribution to be made by JVC. THE employer will make a contribution in an amount equal to 3% of your eligible pay for under 10 years of service, ad 5 % of pay with service of 10 years or more."
so that means that the mose he can invest is 6% and the most they will match for now is 3% of the 6%?
here are the options for investments, what do you recommend? As I am told they are from least risky to the riskiest
highmark diversified money market
stable value fund A
Wells fargo Advtg Govt. Securities/Inv
Janus balanced fund
barclays global lifepath retre fd/r
barclays global lifepath 2010 fd/r
barclays global lifepath 2020 fd/r
barclays global lifepath 2030 fd/r
barclays global lifepath 2040 fd/r
MFS value fund/A
fidelity advisor equity growth/t
lord abbett mid cap value fund/p
Allianz Funds:NFJ small cap value/A
AIM small cap growth fund/A
Fidelity Advisor diversified internatl/t
those are the options to invest in.
Thanks for any information.
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Tue Apr 10, 2007 2:32 am |
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coaster
Senior Advisor
Cash: $ 1356.20
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Joined: 11 Oct 2005
Location: Wisconsin
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| Re: 401k investments |
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quote:
Originally posted by diamondz
"JVC will make matching contributions equal to 60% of the portion of your before-tax contributions that do not exceed 6% of your eligible pay.
The plan provides for an employer pension contribution to be made by JVC. THE employer will make a contribution in an amount equal to 3% of your eligible pay for under 10 years of service, ad 5 % of pay with service of 10 years or more."
The way I read that is that he has both a 401(k) and a defined-benefit pension. He gets a match of 60% of his 401(k) contributions up to 6% of pay. (Wow, that's a great match!!) And the employer contributes to his pension account in the amounts stated.
~Tim~
Eye Candy : Why Whimsy
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Tue Apr 10, 2007 3:06 am |
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diamondz
New Member
Cash: $ 1.70
Posts: 8
Joined: 02 Apr 2007
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so none of these are good investments?
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Tue Apr 10, 2007 3:57 pm |
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coaster
Senior Advisor
Cash: $ 1356.20
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Joined: 11 Oct 2005
Location: Wisconsin
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Unless a person is properly licensed and registered, they can't give personalized investment advice. So it's not possible here to give advice on which funds and how much in each fund is best for you. We can give opinions about the funds, but not whether they're suitable for you.
Anyway, I don't know anything about any of them, so I can't give my opinion. Sorry. 
All I can say is that for a person of your age, my opinion is that you should be going for growth, not income.
~Tim~
Eye Candy : Why Whimsy
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Tue Apr 10, 2007 4:50 pm |
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CFPMike3
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Joined: 10 Apr 2007
Location: Parsippany, NJ 07054
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quote:
Originally posted by diamondz
so none of these are good investments?
There may be good investments in there, but Coaster is correct in that we can not tell you which funds to purchase specifically, even if you are registered to do so. There are suitability standards that need to be adhered to, and it's especially important when it comes to qualified plans, thanks to ERISA.
You might want to contact the 401(k) provider and see what type of advice they offer to the participants in the plan. The provider of the plan has a fiduciary responsibility to the employee to educate them and make available all the resources needed invest in their 401(k) successfully.
Michael
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Tue Apr 10, 2007 4:56 pm |
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