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IRA and Fiduciary Standard. SF insight needed.

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/5080071424

May 13, 2017, 03:40 AM
triggertreat
IRA and Fiduciary Standard. SF insight needed.
A little background.Within 5 years of retirement.Rolled a small 401k into an IRA about 10 years ago and has done fairly well(averaged return of 11%).Last year changed strategy to balanced growth and income in funds.

My question is what exactly in layman's terms are the benefits of having this grandfathered?

The second part of this is I may be receiving a decent payout for the sale of the ESOP I work for but wont happen until after the June 9 deadline.Do I leave the first IRA alone and start a second or roll them over into one?


I'm alright it's the rest of the world that's all screwed up!
May 15, 2017, 11:27 AM
SR
You seem to be mixing multiple concepts into single (complex) questions. Probably best if you seek out a qualified investment advisor that you can sit down with.



Speak softly and carry a big stick loaded Sig
May 15, 2017, 11:34 AM
Redford1970
quote:
Originally posted by triggertreat:
A little background.Within 5 years of retirement.Rolled a small 401k into an IRA about 10 years ago and has done fairly well(averaged return of 11%).Last year changed strategy to balanced growth and income in funds.

My question is what exactly in layman's terms are the benefits of having this grandfathered?

The second part of this is I may be receiving a decent payout for the sale of the ESOP I work for but wont happen until after the June 9 deadline.Do I leave the first IRA alone and start a second or roll them over into one?


A quick internet search suggests grandfathering is an issue for investment advisors, not you.

http://www.investmentnews.com/...rovision-trip-you-up



Why not go to the horses mouth directly. Ask your Financial Services Company. They handle thousands per year and have researched all the angles