Things to Consider When Entering: The Exit

March 25, 2009

Do you often wait to make decisions until you make considerations in the case of deciding or needing to  change course? I myself find it hard to imagine that I’ve already made a bad decision and I find it especially infuriating to play devil’s advocate with my own future while trying to make a decision now. But in general, the considerations that will make me change course are the same. And buried deep in Fidelity’s own information pages, I found them spelled out.

For investment advice,  if you are so inclined to do your own research, I recommend that you check out The Motley Fool website. Or pay a tax attourney, accountant, and/or financial advisor to help you. Remember that you are responsible for the outcome and they are responsible for their advice. Big difference.

On the Fidelity webpage that tells me how to get my money out of L-3’s 401k, which is filled with information for people who’ve already decided to exit, are these three bulletpoints introduced as “considerations” for leaving the money IN:

•   You may have more restrictions than active employees (such as limited number of annual transactions)
•   You may be charged fees 
•   You may have limited investment options 

Points one and three are essentially the same. Fidelity lightly reminds you that you “may” want to leave your options open. And that you “may” be paying fees along the way no matter what. I assume that for most people, this info generally isn’t what you’re looking hard at the time you decided to get into this. Hey, me neither. I had just heard that Fidelity is like, the best place for a bourgeoise like myself to “invest.” Now I know that just like any other choice I make, options and fees are the main themes to get more information on when deciding what to do. It’s all the same.

So how about thinking through these sentences next time you’re deliberating:

  • “This may restrict me __how_”
  • “This may cause me to pay __what_”
  • “This may limit my options __where__”

The use of the auiliary verb “may” is both a present and future possibility! Just keep it in mind.


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