401k Accounts: More Options Than You Know About

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401k accounts have more options than most investors know about. 80% of people set up their 401k account and never make any changes! Learn about the options you have.

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401k Accounts: More Options Than You Know About

  1. 1. Mullooly Asset Management Podcast March 13, 2013Mullooly Asset Management March 2013
  2. 2. 401k Accounts: BackgroundCreated in 1978, into effect January 1980Alternative to pension plansLimited choices originally Mullooly Asset Management March 2013
  3. 3. 401k Accounts: Early YearsStarted offering mutual funds in 401k accountsLimited choices (again)No advice! Mullooly Asset Management March 2013
  4. 4. 401k Accounts: 1990-2005Start adding more fundsStart subtracting more fundsStill no advice! Mullooly Asset Management March 2013
  5. 5. 401k Accounts: PPA of 2006Limited investment choices posed problemsPension Protection Act of 2006Creation of the self directed brokerage account, also known as SDBA Mullooly Asset Management March 2013
  6. 6. SDBA AllowsParticipants to move a portion (or all) of fundsWide variety of choicesWork with an adviserFees paid Mullooly Asset Management March 2013
  7. 7. Currently in 2013…Close to 40% of large 401k plans now offer SDBA Mullooly Asset Management March 2013
  8. 8. None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any ofthe securities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy orsell any investment. Mullooly Asset Management March 2013
  9. 9. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013
  10. 10. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013

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