Merrill handles my wife’s 401k. Anything she can do to change that?
My 401K is with Fidelity. I think they are one of the best in the business at 401K management. There customer service is excellent, even though the only time I’ve had to call them is when I need contribution percentages changed from funds. Besides that, I manage everything else on-line and choose what funds I invest it.
If the 401K service is provided through her employer and she’s getting a contribution match, find out if it can be moved to another 401K management company and they will still match.
I’ve never seen a company more nickel and dime their customers than Merrill Lynch. Their investment advisors are a bunch of commission hungry clowns.
My mom was in her 60’s, and during the dot com bubble, they kept trying to get her to put her entire retirement savings in speculative tech stocks they were pushing. Insanity.
Take out a loan from it and park it elsewhere, like in GNMA or short term T-bills.