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Annuities101 & 10 Signs of Fishy 401(k)s

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Solace Wealth Management

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Basic Annuity Categories Deferred Annuities SPIA compared to Deferred Annuities Immediate Annuities Can’t I Just Do This Myself? Suitability Buying Tips I.I.I. and Other Online Resources 10 Signs of Fishy 401(k)s: As found at the following website: http://www.fool.com/personal-finance/general/2007/02/23/10-signs-of-fishy-401ks.aspx Many of us get instantly suspicious of anything that promises instant weight loss or quick riches, but few of us have ever had reason to suspect that something was amiss with our 401(k) plans. Happily, most of us will never have to lose a wink of sleep over that dreadful possibility. However, the fine people at the Labor Department make it their business to be suspicious of some 401(k) plans, particularly when they get complaints from participants. The department has uncovered some cases in which companies have abused employee contributions, either by using the money for other purposes or by hanging on to the money for too long.

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