KHTS Radio Santa Clarita Radio – Santa Clarita News
Hosts: Arif Halaby & Jeff Girard
On this episode of Total Financial Solutions Safer Money Hour, Jeff and Arif open with a classic Arif rant on local and state government in California, and then moves in to the nuts and bolts of financial planning and advice for investors looking to get into business with financial advisers and brokers.
Segment 1 – Halaby Rant
Segment 2 – 401(k) and Rollovers
In Service rollover – allows you to remove some or all of your principal on deposit inside your company retirement account without causing a taxable event or canceling the account altogether. the account transfers from company to company. any company that is able to receive this type of account has the paperwork to begin this transaction. your current company usually has its own paperwork and in some cases can do it right over the phone.
Segment 3 – questions for financial advisers
- how long have they been in the industry? “Time alone can mean the experiences are different, and even better.” – Arif Halaby
- how much longer do you plan to be active? “Do they have a contingency plan … is that person the only one in the office that can help you?” – Jeff Girard
- how much of your money do you put in to the plans and products you sell? “Is it good for the goose and the gander?” – Jeff Girard
- will you tell me wen to sell? Your money is designed to grow in an account but it can’t be spent until it is removed, obviously.
And no matter what answers you receive, always remember that this is your money, no theirs. Trust your gut if something seems fishy and do not be afraid to do your own research, it will be invaluable.
