ShareBuilder 401(k) - Reviews, Benefits, Fees & Ratings

Are you looking for a comprehensive guide to ShareBuilder 401(k)? You've come to the right place!

In this article, we will discuss everything you need to know about this retirement account. We will cover reviews, benefits, fees, and ratings so that you can make an informed decision about whether or not this is the right investment option for you. Let's get started!

What is a ShareBuilder 401(k)?

A ShareBuilder 401(k) is a retirement savings plan offered by ShareBuilder, an online brokerage firm. The plan allows employees to save and invest for their retirement on a tax-deferred basis. Employers can also make matching or contributions to their employees' accounts.

How Does a ShareBuilder 401(k) Work?

A ShareBuilder 401(k) works by allowing employees to contribute a portion of their paycheck to their account on a pre-tax basis. The money is then invested in a variety of different investment options, such as stocks, bonds, and mutual funds. The account grows tax-deferred, meaning that you will not have to pay taxes on the money until you withdraw it during retirement.

What Are The Key Features of a ShareBuilder 401(k)?

There are a few key features that make ShareBuilder 401(k)s stand out from the competition.

First, there is no minimum balance required to open an account. This makes it accessible to everyone, regardless of their financial situation.

Second, there are no fees for account maintenance or transactions. This means that you can keep more of your money in your account and less goes to the financial institution.

Finally, ShareBuilder offers a wide range of investment options, including stocks, mutual funds, and ETFs. This gives you the ability to customize your portfolio to meet your specific goals.

What Commissions and Management Fees Does a ShareBuilder 401(k) Come With?

The commission and management fees for a ShareBuilder 401(k) vary depending on the provider. However, you can expect to pay between $50 and $100 per year in fees. Additionally, there is a one-time setup fee of $25.

What Are The Advantages of a ShareBuilder 401(k)?

There are many advantages of a ShareBuilder 401(k).

One advantage is that it allows you to have more control over your retirement savings. With a traditional 401(k), you may not be able to make changes to your account as often as you would like. With a ShareBuilder 401(k), you can change your investment choices at any time.

Another advantage is that it can be easier to withdraw money from your account. With a traditional 401(k), you may have to pay taxes and penalties if you withdrawal money before retirement age. With a ShareBuilder 401(k), you can usually withdrawal your money without paying any taxes or penalties.

Finally, a ShareBuilder 401(k) can provide you with more flexibility when it comes to how your money is invested. With a traditional 401(k), you may have limited investment choices. With a ShareBuilder 401(k), you can choose from a wide variety of investment options.

What Are The Disadvantages of a ShareBuilder 401(k)?

Like any investment, there are some potential disadvantages to a ShareBuilder 401(k). One is that you're limited in how much you can contribute each year. For 2019, the contribution limit is $19,000 (or $25,000 if you're 50 or older).

Another disadvantage is that your investment options are limited. With a ShareBuilder 401(k), you can only invest in mutual funds and ETFs. This may be fine for some investors, but others may prefer more flexibility.

Finally, there are fees associated with a ShareBuilder 401(k). These include an annual account fee of $20 and investment fees ranging from 0.25% to 0.50%.

Overall, a ShareBuilder 401(k) can be a good option for some investors. However, it's important to be aware of the potential disadvantages before you decide if it's right for you.

What Are Some Alternatives to a ShareBuilder 401(k)?

There are many different types of 401(k)s out there, so it's important to do your research and find the best one for you. Here are a few alternatives to a ShareBuilder 401(k):

• Fidelity Investments401(k)
• Vanguard 401(k)
• T. Rowe Price Retirement Plan Services 401(k)
• Charles Schwab Retirement Plan Services 401(k)
• Merrill Edge Self-Directed 401(k)

Each of these has its own unique benefits and drawbacks, so it's important to evaluate what's important to you before making a decision.

How Do You Open a ShareBuilder 401(k)?

To open a ShareBuilder 401(k), you'll need to have a ShareBuilder account. You can sign up for an account on the ShareBuilder website. Once you have an account, you can log in and click on the "401(k)" tab to get started.

If you're opening a ShareBuilder 401(k) for the first time, you'll need to complete some paperwork. This includes an IRS Form W-8850, which is used to establish your account. You'll also need to provide ShareBuilder with some personal information, such as your Social Security number and date of birth.

Once you've completed the paperwork, you can choose how much you want to contribute to your ShareBuilder 401(k). You can choose to contribute a percentage of your paycheck or a fixed dollar amount. The minimum contribution is $50 per pay period.

Once you've decided how much you want to contribute, you can choose how you want your money invested. ShareBuilder offers a variety of investment options, including stocks, mutual funds, and ETFs. You can also choose to have your money automatically invested based on your risk tolerance.

Once you've made your investment choices, you can start contributing to your ShareBuilder 401(k). Your contributions will be deducted from your paycheck and deposited into your account. You'll be able to see your account balance and investment performance online.

What is The Minimum Amount Required to Open a ShareBuilder 401(k)?

The answer to this question depends on the provider you choose and the account type you open. For example, ShareBuilder 401(k)s have a $0 minimum balance requirement for Roth IRA accounts and a $25 minimum balance requirement for Traditional, SEP, and SIMPLE IRA accounts. However, some providers may require a higher minimum balance for their 401(k)s.

What Are The ShareBuilder 401(k) Contribution Limits?

The ShareBuilder 401(k) contribution limits are pretty high. You can contribute up to $19,500 per year, or $26,000 if you're over the age of 50. Plus, your employer can match your contributions up to a certain amount. So, if you're looking to max out your 401(k), ShareBuilder is a good option.

What Are The Eligibility Requirements for a ShareBuilder 401(k)?

To be eligible for a ShareBuilder 401(k) plan, you must:

• Be at least 21 years old
• Have worked for your current employer for at least one year
• Not be a highly compensated employee (as defined by the IRS)

If you meet these requirements, you can start contributing to your ShareBuilder 401(k) plan as soon as you're enrolled.

Do You Pay Taxes On a ShareBuilder 401(k)?

ShareBuilder 401(k) plans are subject to the same tax rules as traditional 401(k) plans. Contributions to your ShareBuilder 401(k) plan are made with pretax dollars, and any earnings on those contributions grow tax-deferred. You won't pay taxes on the money in your account until you withdraw it at retirement.

When Can You Withdraw Money From a ShareBuilder 401(k)?

There are a few different ways you can withdraw money from your ShareBuilder 401(k) account. You can make a withdrawal at any time, but there may be penalties if you're younger than 59 ½.

If you need the money for a qualified reason, such as medical expenses or buying a first home, 5 you can take what's called a "hardship withdrawal." You'll still have to pay income taxes on the money, plus a penalty if you're younger than 59 ½.

How Does a ShareBuilder 401(k) Compare to a 401K?

A ShareBuilder 401(k) is a great retirement savings option for those looking for an alternative to the traditional 401K. While there are some similarities between the two, there are also some key differences that make a ShareBuilder 401(k) an attractive option for many savers.

One of the biggest advantages of a ShareBuilder 401(k) is the flexibility it offers. With a traditional 401K, you are limited to investing in the funds offered by your employer. With a ShareBuilder 401(k), you can choose from a wide range of investment options, including stocks, bonds, and mutual funds. This gives you the ability to create a portfolio that is tailored to your individual needs and goals.

Another key difference is the fees associated with a ShareBuilder 401(k). While traditional 401K plans typically have high fees, a ShareBuilder 401(k) has much lower fees. This can make a big difference in your overall returns.

Finally, a ShareBuilder 401(k) also offers the ability to take advantage of tax-deferred growth. This means that your money can grow without being taxed until you withdraw it at retirement. This can provide a significant boost to your nest egg.

What Assets Are Available With a ShareBuilder 401(k)?

There are a variety of assets available with a ShareBuilder 401(k). You can choose from stocks, bonds, mutual funds, and ETFs. You can also set up your account to automatically invest in new asset classes as they become available.

Why Do People Use a ShareBuilder 401(k)?

There are a few reasons why people might use a ShareBuilder 401(k). First, it can be a good way to save for retirement. Second, it can be used as an emergency fund. Third, it can be used to help pay for college expenses. Finally, it can be used to help with other financial goals.

Does a ShareBuilder 401(k) Accept Rollovers?

You bet it does! In fact, ShareBuilder 401(k) makes it easy to rollover your old 401(k) from your previous employer. All you need to do is download and complete a Rollover Request Form and send it to us along with a copy of your most recent 401(k) statement. We'll take care of the rest!

How Long Does It Take to Transfer to a ShareBuilder 401(k)?

The process of transferring your 401(k) to ShareBuilder will vary depending on your current provider. However, it typically takes around two weeks for the transfer to be completed.

Keep in mind that you may have to pay some fees associated with the transfer. Overall, though, the process is relatively straightforward and shouldn't take too long.

How Do You Put Money Into a ShareBuilder 401(k)?

Just like with any other 401(k), you can contribute to your ShareBuilder 401(k) through payroll deductions. This means that each pay period, a certain amount of money will be taken out of your paycheck and deposited into your ShareBuilder 401(k) account. The great thing about this is that you don't have to think about it - the money is automatically withdrawn from your paycheck and deposited into your account.

You can also make one-time contributions to your ShareBuilder 401(k). This can be done online through your ShareBuilder account or by mailing a check to ShareBuilder. One-time contributions are a great way to catch up on your contributions if you've fallen behind or to make a larger contribution than usual.

Can You Open a ShareBuilder 401(k) For a Child?

If you're looking for a way to invest in your child's future, you may be wondering if you can open a ShareBuilder 401(k) for them. The answer is yes!