Feb
18
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.
2 comments so far...
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.
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.
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