When it comes to managing your retirement savings, understanding the costs involved is crucial. Beagle, a financial concierge service, offers assistance in locating old 401(k) accounts, uncovering hidden fees, and facilitating rollovers. In this blog post, we’ll explore the pricing structure of Beagle 401(k) and compare it to other options in the market.
What Is Beagle 401(k)?
Beagle Invest, founded by Cyrus Ghazanfar, Jeffrey Tha, and Shuo Jiao, simplifies the process of managing old 401(k) accounts. Here’s what Beagle offers:
- Locating Forgotten 401(k) Accounts: Beagle tracks down elusive 401(k) accounts from previous jobs, ensuring you don’t leave money behind.
- Hidden Fees Unveiled: Beyond locating accounts, Beagle reveals any hidden fees that may be eroding your investment capital.
- Hassle-Free Rollover: If you choose to consolidate your old accounts, Beagle offers a seamless rollover process.
How Much Does Beagle 401(k) Cost?
Beagle’s pricing structure varies based on the number of accounts it locates:
- Starter: Starting at $19, this basic tier provides account tracking services.
- Standard: Priced at $39, this tier expands the search for additional accounts.
- Premium: At $99, the premium option offers comprehensive account discovery.
If Beagle uncovers more than three accounts, the cost adjusts to $25, $45, and $99 for the respective packages. The customized approach ensures you pay based on the value you receive.
Comparing Beagle to Other Services
Meet Beagle’s primary competitor is Capitalize, which offers a free 401(k) rollover service. Here’s how they compare:
- Beagle:
- Fees: $3.99 per month.
- Additional Services: Asset management and 401(k) loans.
- Asset Management Fee: Less than 0.05% annually on a $100,000 portfolio.
- Personalized Portfolios: Beagle recommends tailored portfolios for users.
- Capitalize:
- Fees: Free.
- Rollover Service: Focuses solely on 401(k) rollovers.
For fee-conscious investors, platforms like M1 Finance offer no fees, making them attractive alternatives.
Summary
Beagle 401(k) provides valuable services, but it’s essential to weigh the costs against the benefits. Whether you choose Beagle or explore other options, prioritize transparency and efficiency in managing your retirement accounts.
is not $39. They chargen me that 2x in 2 days and did not find my 401k. But no way to contact them on the website. How ridiculous. How much more will they continue to charge me?
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