Date: Wed, 3 Nov 2004 09:51:18 CST
From: BreadWithSpam@fractious.net
Newsgroups: misc.invest.financial-plan
Subject: Re: How to change 401K mutual funds held with Smith Barney?
	iQBVAwUAQYj+d/l/I4+O31e5AQHypgIAkAE8FVpFSd8gOa0cbDJgLDZv4T24xlBS
	gjZsrVT6mAmliqcMsC2Doc2I73pvGqiuJHcxhRnO0T4Hcbjxk73XMg==
	=hHNr

"John A. Weeks III"  writes:
> In article <785d760e.0410300540.a4338fd@posting.google.com>, georgef
>  wrote:
> 
> > I have solo 401K held with Smith Barney. I have in it a fund or two
> > not doing well, Janus. I want to trade them for other no load funds.
> > SB will only buy load funds, one they suggested has front load of
> > 5.25%! How can I change the funds without a withdrawal penalty?
> 
> Talk to your FC (financial consultant) about class B shares and
> ETF (exchange traded funds).  If your plan allows these types
> of investments, they may meet your needs.  Class B shares
> avoids the big up front load.  You also avoid the back end

Class B shares generally cost _more_ in the long run
than Class A shares since instead of imposing the load
up front, they impose it over the course of several years.

The OP should consider moving his solo 401k to a discount
broker if his current one won't allow him to move into
true no-load funds.

-- 
Plain Bread alone for e-mail, thanks.  The rest gets trashed.
No HTML in E-Mail! --    http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
   http://www.greenend.org.uk/rjk/2000/06/14/quoting