I already have a Regular or Roth IRA and/or a 401k. Why do I need to use Fundsifter?
Three primary reasons. Your Roth or 401k may be in a mutual fund(s) that is eroding your returns due to chronic under performance or high expenses. Secondly, your 401k may be too concentrated in your company’s stock, leaving you at risk of losing your retirement nest egg if your company encounters difficult times (talk to Worldcom, Enron, or Bear Stearns employees). Third, you will likely encounter events in your life before you retire when you would like to access your invested funds without having to pay the 10% penalty incurred when you tap IRAs and 401Ks before turning 59 1/2. Setting aside some money in a regular, taxable mutual fund allows you to do this. Fundsifter can help you pick the right mutual funds for this purpose.
