
Corona Chaos
In my latest book, Corona Chaos, I uncover two powerful features that may have recently been added to your 401(k)—and chances are, you might not even know they exist. Understanding these options could give you greater control, flexibility, and protection in uncertain times.
- In-Service Transfer
If you’re age 59½ or older and still working, your plan may now allow an in-service transfer. This feature lets you move some or all of your 401(k) balance into an IRA of your choice—without closing your existing plan. You’ll continue contributing through payroll deductions just like before, but now you’ll gain access to a broader range of investments and the ability to customize your portfolio outside the limitations of your employer’s plan. - 401(k) Brokerage Link / Self-Directed Brokerage Account (SDBA)
This option opens a “window” inside your current 401(k), allowing you to invest beyond the limited menu of mutual funds or target-date funds your plan typically offers. With a brokerage link, you can access thousands of investment options offered by your plan’s custodian. Even better, some plans permit third-party management, meaning you can hire a financial advisor to guide you through these expanded choices.
To find out if either of these features is available in your 401(k), contact your plan’s custodian—the company that sends you your 401(k) statements. Simply ask if your plan includes an in-service transfer option, a self-directed brokerage account, and whether third-party management is permitted.
Complete the form to get instant access to your book!