Choosing an investment group becomes really serious when you are dealing with your 401 (k) plan. Your retirement plan is something that you should deal with in a careful way since it is possible that you could lose your entire retirement savings if they are invested in stocks or in mutual funds that disappear or go bankrupt. Before turning your 401 (k) plan to an organization like E Trade, you should do some research or ask yourself just how much do you really know about E Trade to trust them with your retirement plan. E Trade advertises that your 401 (k) plan rolled over to them will “grow harder.”
That could also be seen as a danger signal since the stock market is also known to have cost many investors a lot of money. Online investors should know that the road to riches using adventurous trading could be the road to the poorhouse.
The mass email advertising that is currently being conducted by E Trade suggests to the common investor that they might know something about the future of retirement investment funds that maybe we all should know. Their advertisement suggests that many people who are invested in 401 (k) plans are looking for a chance to rollover their plans and E Trade is suggesting that their investment IRA product is the best choice for a rollover because an online investor can rollover their 401 (k) into an E Trade account quickly.
Not only can an online investor rollover into an E Trade account quickly online but their investment managers can contact your employers and do the necessary rollover paperwork for you. The best part about rolling over your 401 (k) plan to E Trade is that with the assistance of their investment managers, the online investor can pick their own stocks, bonds, and mutual funds to complete their stock portfolio or let E Trade manage the fund for them.
There are some rumors that some people with self-managed IRAs lost all of their investment savings due to stocks suggested by their counselors that split and disappeared. An online investor should be careful about who is planning to control their retirement savings.