LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (2521)	11/12/1998 5:25:00 PM
From: Ira Player	Read Replies (1) of 43080

Last, For some companies, that type of movement is not an option. Mine included, unfortunately. Many companies take the position that they have a fiscal responsibility to the employee, including not allowing the employee to hurt him/her self by switching too often. The minimum requirement by the IRS for a 401(k) is allow changes every 3 months, and this is what some companies do. There is also some wording of 'or more often in times of high volatility', although I can't site the reference. I've pointed out to our senior management that several years of 10% to 15% savings with this rising market (during that time) has created quite a pile of tax deferred savings. Some employees are consistently outperforming these funds, with the restrictive transfer rules in place. This provides a very serious DISINSENTIVE to stay at the company. The increased return by leaving, transferring the 401(k) funds into a self directed IRA, can be substantial. Ira

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