- Intel is simplifying its retirement plan lineup by removing six investment options
- This change goes into effect September 1st, 2017
- If you own any of these funds and don't make a change before the deadline, your investment will be automatically sold and the proceeds transferred into an age-appropriate retirement date fund
- For a complete list of eliminated funds and potential replacement, see our table below.
- For clients of Cordant, we will coordinate any changes necessary on your behalf
If you’re like most Intel employees, you want to make smart financial decisions. You like being certain you’re doing the right things with your investments and making confident choices.
But, between a demanding career, family commitments, and other social obligations it’s not like you have a lot of extra time (or interest in the subject perhaps) to research your Intel retirement plan investment lineup and weed through the upcoming changes. So, how do you keep from making a mistake? Do you simply elected the default option or do you do something else?
Since we look at this stuff all the time for clients (and enjoy doing it too!), let's lay out the changes, the time frame, and the choices you'll be forced to make.
But first, why is Intel making the changes in the first place?