Your 401k may be your single largest investment asset. Your future financial security depends upon your ability to successfully navigate the financial markets and choose the right investment funds to achieve your goals. In the last 11 years the market has twice lost over half its value. Not opening your statement to avoid “knowing” is not a wise solution to the problem!
Managing your own 401k account involves several challenging decisions and can be overwhelming for many people. 401k vendors and internet sites offer 401k guidance and usually ask about a dozen questions and then viola you have a pie chart. How has the pie chart worked for you? If you are watching your 401k balance decline month after month, you may need a different approach.
Our advisors offer a no obligation 401k consultation. You will be asked to provide a copy of your company retirement plan menu and your current holdings. Then you will learn about options for managing your 401k based on your own plan and goals for retirement.
Do you understand the matching formula in your plan? Are you maximizing your plan to receive all that your employer is prepared to contribute on your behalf?
An often neglected area of this important benefit includes your beneficiary designation. In addition to making wise investment fund elections, you will learn about how your plan assets will pass at your death and what you should do to make certain your own wishes are carried out. According to Ed Slott, a certified public accountant in New York and recognized retirement expert, most of the wealth in America ends up in 401ks and IRAs. Ed says, “What most people don’t realize is it’s surrounded by this complex labyrinth of rules. When key questions are not asked, people make mistakes, and many times it involves their life savings.”
If your 401k is one of your largest investment assets, and you are concerned about past performance and want to avoid more of the same in the future, call us today for your personal 401k consultation. 540-772-4545
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