Are you leaving your retirement funds in an old company’s 401k plan?  Then perhaps you don’t understand what can happen.  It’s entirely possible that your funds may not be there when you return for them and when you need them most. And it’s entirely LIKELY that you are paying way too much in mutual fund fees which are being used to support your old company’s 401k program.

Haven’t we all learned our lesson from Enron, Global Crossing etc?  If you haven’t then perhaps I could suggest a movie for you.  You need to go out and rent Jim Carey’s 2005 movie, Fun with Dick and Jane.  It is an excellent spoof which aims a spear right at YOUR heart, because YOU have not learned that your government can not prevent fraud, they can only prosecute fraud.  The movie portrays how all the employees of the fictitious GlobaDyne Corp lose their 401k investments to a fraudster CEO.  This may be a spoof, but employees of Enron, Global Crossing and many other corporations have felt the very real pain.

Even if you don’t think it could ever happen to you, or the beloved corporation you used to work for, you should at least consider the extra fees you are paying just to keep your money in a 401k plan.  You could invest in the very same mutual funds through an IRA with Warren Financial, and instead of paying the mutual funds 1.8% or 2.03% you would pay the lowest possible rates, more like .93% and 1.02%.