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