I am going to be getting out of my job in February and I need to lower my amount that I put into the investing each month. Do I just talk to my financial planner and he can take care of that. Or anre there penalization fees? I just need to lower it for a while until I get a different job or get some other similar income. Ive done this through First Command, and they been investing my money through Pioneer Investments and Franklin templeton.
2006-10-22 20:25:04 · 2 answers · asked by Casey 3 in Business & Finance ➔ Investing
You can lower or stop your contributions without any penalties. You only pay extra taxes or penalties for early with-drawls made before you are 59 1/2. Hope this is helpful.
2006-10-22 20:45:27 · answer #1 · answered by the_buccaru 5 · 3⤊ 0⤋
If you can't do it online through your online account you'll have to meet with your broker. Most of these companies want it in writing with your signature about any allocation/contribution changes.
2006-10-23 05:44:25 · answer #2 · answered by MuddvilleNine 2 · 0⤊ 0⤋