I am going to attempt to explain what the three main benefits are of individual 401(k) advice. These are the three main elements my clients have told me they value the most.
Customization: My 401(k) advice clients are busy professionals. My clients do not have time to sift through the massive amounts of economic data. Interest rate cycles. Or daily stock market movements. So, I watch all these elements for them each day.
Even my retired 401(k) advice clients do not have that kind of time. And do not want to use their time reading this information.
I break down the data and information I read. My 401(k) advice client communications are personal. My content tailored to specific 401(k) mutual fund menus.
I turn mases of information into practical 401(k) investment management tactics. Focused on specific company 401(k) mutual fund options.
General information does not come from me at any time. My client communications are relevant to the 401(k) mutual fund options available to them.
Risk Handling: My 401(k) advice clients need to aware of the change in risk levels. Of the economy, interest rates, and the stock markets. The crucial elements that can grow 401(k) principal. Or take it away.
Risk levels have recently moved out of favor. My 401(k) advice clients changed their investment management strategies. From growth of 401(k) assets. To the preservation of 401(k) principal.
I tell my 401(k) advice clients they do not have to remain 100% always invested. To try to get every dollar of stock market upside.
Sometimes it takes years. But risk levels change. Like they have so far in 2022. 401(k) principal preservation is the most crucial element now. Let other stock and bond market investors assume the risks.
Convenience: I am the proactive one in my client 401(k) advice relationships. Only at times when I need their attention.
Day-to-day stock and bond market movements are for financial entertainment. Major changes in risk levels generate 401(k) advice client phone calls and e-mails.
I worry about my 401(k) advice client’s retirement plan accounts more than they do. At least more than they have time to worry about them. And I am fine with that relationship.
Ric Lager
Lager & Company, Inc.
