Issue with a rollover from a Merrill Lynch fund in a company 401k plan?
I have a friend who has a 401k plan with his company. He has invested in the merrill lynch retirement preservation trust fund. he has been told he cannot roll this fund over because of a bankruptcy. But he was able to roll over other funds that were ML related…Why would this fund be part of a court ordered hold? And why would he not be told upfront when this happened rather than when he was trying to roll it over?
BTW my friend was just told that he could not roll this fund over because of a court order on the ML fund due to a bankruptcy…evidently this fund is tied to a huge bankruptly proceeding involving a company that is about to default……Why would a judge hold this fund to where investors could not mover their investment out of it or notify the investors of this issue?
Spreading Your Risk In A Retirement Fund
Rex Truman is not retired but should be – instead he gives information at RetireWhenULike. com to help people save enough so they can enjoy retirement, ideally with an interesting job where they are in control.
Which mutual fund should I select for a Roth IRA?
I am currently debating between three mutual funds for a Roth IRA account. One fund has a roughly 200% turnover ratio (far greatest of the three), another pays many dividends, and the third has generally produced the best returns of the three over 3-, 5-, and 10-year periods. Which fund should I put into a Roth IRA in order to potentially maximize long-term returns on my investment?