FeeX Rollover Center Helps You Decide What to Do With Your Old 401 (K)
When you leave work, you don’t want to forget about your 401 (k). You can leave this money where it is, or transfer it to another retirement account, and the new FeeX Rollover Center will help you make your decision.
We’ve told you about FeeX before ; it is a free service that helps you find out about all the commissions associated with your investment accounts. You simply link these accounts and the site tells you how much you are paying over time.
Their recently released 401k Rollover Center goes one step further by offering guidance on what to do with the old 401 (k) . When your employer offers a 401 (k) compliance, it makes sense to contribute to the i t. But once you quit that job and the benefits disappear, your 401 (k) account may not be the best vehicle for your retirement savings. Whether that’s true or not will depend on the commission, and according to FeeX, their services offer the following:
• Indicative Analysis – If investors are not paying excessive commissions on their existing accounts, FeeX will let them know!
• Choice Display – Investors can see side-by-side comparisons of the fees of various rollover options, including traditional IRA providers, automated investment services (also known as Robo-Advisors), and their 401,000 new employer.
• Impact over time – Investors will see all the commissions they are currently paying, as well as the impact of the compounding effect from now until retirement.
• Direct Links – so investors can easily start renewing their account right now.
So the service not only helps you decide if it’s best to renew, they list your options for doing so, helping you along the way. Watch the video above to demonstrate how it works. And to make sure of this service, follow the link below.