On this week’s episode, Wes Moss discusses recent news coverage of the election and the stock market. He gets a call from Jim who has 500,000 dollars in his 401k and just found out the company he’s using to manage it is charging him 10,000 a year. Ken and his wife have both worked at the same company for a number of years and were able to earn pensions from the company that they did not contribute to financially. Now, the company has offered them the option to take a lump sum and withdraw from the pension plan. He wants to know if there is a formula to follow to figure out whether it is better to take the lump sum or stick with the plan. All this and more on this week’s Money Matters!
