- AARP - http://blog.aarp.org -

Free Resources for Managing Your 401(k)

Posted By Eileen Ambrose On June 10, 2014 @ 10:13 am In Money Talk | No Comments

Need help with retirement? The do-it-yourself investor can find plenty of online resources to help with retirement and other types of financial planning.

Information street sign [1]Fidelity Investments in Boston offers a variety of tools [2], including some to help you devise a plan to pay off debt or decide whether to convert to a Roth IRA. Baltimore-based T. Rowe Price’s Retirement Income Calculator [3] can project how much you will need in retirement vs. how much you will have, while Valley Forge, Pa.-based Vanguard’s Retirement Nest Egg Calculator [4] estimates your chances of outliving your money.

>> Sign up for the AARP Money newsletter [5]

AARP offers calculators, too, such as one [6] to figure out the best time to take Social Security [7] and another [8] that predicts what your health care expenses will be in retirement. (Spoiler alert: That number can be high.)

Now the Mutual Fund Store, an investment advisory firm based in Overland Park, Kan., is offering a one-year free membership to its Smart401k service, which gives personalized advice to plan participants. The membership usually costs about $200 a year. (The firm says it won’t automatically re-enroll you in the program once the year is up.)

Scott Holsopple, managing director of retirement solutions at the Mutual Fund Store, says the Smart401k can offer specific recommendations based on the funds in your 401(k). And you’ll be able to get your questions answered by talking one-on-one with an adviser.

>> Get travel discounts with your AARP Member Advantages. [9]

The offer for a one-year free membership is available through July 31. Sign up by going to Smart401k’s website [10] and type in the promotional code FREE401K.

The company says this is all part of its goal to reach 1 million investors. Since launching Smart401k in 2003, the firm has advised more than 25,000 participants in about 10,000 plans.

Full disclosure: I haven’t tried Smart401(k)’s service or know anyone who has, so I can’t comment on its effectiveness. However, if you try it, let us know what you think in the comment section. Or, use the comments to let us know of other free online resources you recommend for managing retirement nest eggs.

Photo: Cosmonaut/iStock [11]


Also of Interest


See the AARP home page [16] for deals, savings tips, trivia and more


Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2014/06/10/free-resources-for-managing-your-401k/

URLs in this post:

[1] Image: http://blog.aarp.org/wp-content/uploads/2014/06/iStock_000001612390Medium.jpg

[2] variety of tools: https://www.fidelity.com/calculators-tools/retirement/overview

[3] Retirement Income Calculator: https://www3.troweprice.com/ric/ricweb/public/ric.do

[4] Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

[5] >> Sign up for the AARP Money newsletter: http://www.aarp.org/online-community/people/subscribeFromEmail.action?id=29636&intcmp=ILC-EMAIL-SUB-MONY

[6] one: http://www.aarp.org/work/social-security/social-security-benefits-calculator/?intcmp=AE-BLIL-DOTORG

[7] Social Security: http://www.aarp.org/work/social-security/social-security-question-and-answer-tool/?intcmp=AE-BLIL-DOTORG

[8] another: http://www.aarp.org/work/retirement-planning/the-aarp-healthcare-costs-calculator/?intcmp=AE-BLIL-DOTORG

[9] >> Get travel discounts with your AARP Member Advantages.: http://discounts.aarp.org/travel/index/uSource/HCTN?intcmp=AE-BL-TRV-DISC

[10] website: http://www.smart401k.com/Content/retail/

[11] Cosmonaut/iStock: http://www.istockphoto.com/user_view.php?id=477890

[12] Which Retirement Personality Fits You?: http://blog.aarp.org/2014/06/06/which-retirement-personality-fits-you/?intcmp=AE-ENDART1-BL-REL

[13] What’s the Maximum Social Security Benefit?: http://www.aarp.org/work/social-security/info-07-2010/maximum_monthly_social_security_benefit.html?intcmp=AE-ENDART2-BL-BOS

[14] Fight fraud and ID theft with the AARP Fraud Watch Network.: http://www.aarp.org/money/scams-fraud/fraud-watch-network/?intcmp=AE-BL-ENDART-ADV-FWN

[15] Join AARP: https://appsec.aarp.org/MSS/join/application?keycode=U9ZTPH9&intcmp=AE-ENDART3-BL-MEM

[16] AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP

Copyright © 2013 AARP. All rights reserved.