We are a fan of keeping things simple, so when we run across tips on how to do so, we like to make sure we share them with you. The following video is an example of such tips; this one specific to your 401(k) plan.

There is one thing we would like to add to the idea of consolidating your old 401(k)s: If your company has BeManaged available, many of our clients prefer to roll those old 401(k) accounts into their current account to make sure it is managed for them, instead of having to figure out where and what to invest in themselves. Often times they are nearing or already past the capped fee we charge, so there is little to no financial benefit to us, but a big one for our clients.

View the Video at MoneyWatch.com

Tags: 401k, 401k advice, 401k investor help, BeManaged, investment behavior, personal finance, retirement

This entry was posted on Friday, February 5th, 2010 at 12:38 pm by Chad Griffeth, AIF and is filed under 401k advice, 401k help, BeManaged, investing, investment education, retirement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.