Spring is here!
Does it feel like spring to you?
Depending on where you live.
I hope your winter did not overstay its welcome.
Amazing each Spring.
How a little sunshine and warm breeze.
Can change your outlook on life.
Spring is the time for new beginnings.
Spring is the time of rebirth.
Spring is the time to try something new and different.
This Spring give some thought to your 401(k)
Specifically, if your 401(k) offers an SDBA option.
The SDBA is the self-directed brokerage account in your 401(k).
You might have it available. And not even realize it.
The SDBA is not widely promoted.
By your 401(k) sponsor (your company).
Or your 401(k) provider (fidelity, Schwab, Empower, etc.).
That should be your first clue.
That a 401(k) SDBA might be in your best interest.
About half of all 401(k) plans offer the SDBA.
But less than 3% of 401(k) participants use this account option.
The SDBA resides within your existing 401(k).
A self-directed brokerage account in your 401(k).
Like the brokerage account you likely have outside of your 401(k).
Ever complained about your bad 401(k) mutual fund options?
The 401(k) solves that problem once-and-for-all.
You can buy and sell at your direction.
Some SDBAs allow access to a greater menu of mutual funds.
Others allow investments in individual stocks and bonds.
Even ETFs (exchange traded funds).
Ever wonder how much your 401(k) mutual funds cost you?
The 401(k) SDBA comes to the rescue again.
Access to lower-cost mutual funds.
Many with better investment performance.
The 401(k) SDBA opens doors.
Better mutual funds at a lower annual cost.
There are important investment risks to the SDBA.
Possible fees and expenses to consider.
Doubt these costs are higher than your current 401(k) mutual funds.
Ask your HR department.
Or call your 401k) provider.
You might be able to find the SDBA option online.
One more 401(k) SDBA option to consider…
An SDBA allows access to a 401(k) investment advisor.
Independent, third-party, fiduciary level investment advice.
Specific to your company 401(k) plan options.
Want to take more responsibility for your 401(k) outcomes?
The SDBA may be for you.
Like Spring, an SDBA offers exciting new 401(k) opportunities.
P.S. If you even take a few minutes to look over your 401(k) soon.
Find out if you have the SDBA option available to you.
My LinkedIn 401(k) advice newsletter can help.
Delivered to your LinkedIn news feed once a week.
Sign up here.
