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How much freedom do I have to change funds within my 401K plan? |
All of my funds are through AIM whose fees are higher than Vanguard's or T. Rowe Price's. Is it possible to change to Vanguard or T. Rowe while still retaining the same 401k plan in which I am currently enrolled? The 401(k) plan in which you are enrolled is controlled by your company - which usually has several trustees in charge of a plan. They are the ones to decide what funds (or family of funds) to offer the participants. If you are unhappy with that, you are free to voice your displeasure to the trustees of the plan. Other than that, you are stuck until you are eligible to withdrawal funds. |
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You have selected one industry specifically and the rest is in a quite varied category of equity cap and growth vs value type. I assume you are talking about mutual funds, not indivudual stocks. ... Hi! You ask a question that many people I know have wondered about, too. General rule of thumb is you contribute first to wherever you get matching (at least enough to earn the maximum match you ca... There are many things you may want to consider. Let's answer your most direct questions first. You will need to check with your new firm to see which funds you would be able to invest in t... You can only do that if it was a Roth 401k. Contact Vanguard, and they will help you through the process. If it is a normal 401K, then put it into a Rollover IRA (at Vanguard, if that is your cho... Haven't personally searched for this topic, but go to morningstar.com and look around. Best source of information for all types of investments. Much of info is for free but you can subscribe... |
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