People love their 401(k)s, but might be asking what’s next.
Carl Kielbasa with says there is a secondary option for many in their 401(k) packages.
The self-directed 401(k)
“Inside of 401(k) plans you have things like stock funds, bond funds, target date funds, maybe some specialty funds among others,” he says.
There’s usually 15 to 30 different choices—or people can opt for what’s called a self-directed plan.
Self-directed 401(k)s are not an option in every offer given by a business, but for the ones that do offer this choice, Kielbasa says what’s unique is you can hire a financial advisor to manage that portion of your portfolio for you.
“One reason I always recommend folks to work with an adviser on these is because that’s probably your largest retirement asset, right,” he says. “So wouldn’t we want advice on that asset?”
In order to find out if you have a self-directed option in your 401(k), you can touch base with your Human Resources department or
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