Recent stock market events require you to take a hard look at your company 401(k) retirement plan account. The investment management stakes in your 401(k) are very high now.
You can’t continue to “buy-and-hope” and pay absolutely no attention to your retirement savings. That works when the stock markets are going up and interest rates are going down.
In the last few years you have had your free pass. Your company 401(k) retirement plan contributions, your company matching contributions, and the historic stock and bond market investment gains will be at risk soon.
Do you remember back to your June 2008 to March 2009 company 401(k) retirement plan account statements? Then let me remind you now. Do investment losses of 35-50% jog your memory?
There is absolutely no reason in this day and age of sophisticated investment management tools to fully participant in the next great stock market decline. There is also no excuse to be unprepared.
Don’t defend your past company 401(k) retirement plan mistakes. And don’t start thinking of excuses going forward.
Dig into the facts on the company 401(k) retirement plan mutual funds that you currently own. If you don’t know how to find those facts ask your current investment advisor.
More and more third-party independent investment advisors are taking a fiduciary responsibility for the investment selection and performance of their client’s company 401(k) retirement plan accounts.
Your past company 401(k) retirement plan investment management mistakes are likely due to the fact that you didn’t know the resources available to help you.
Choose to not fully participate in the next great stock market decline. Have an investment management strategy in place to preserve your company 401(k) retirement plan account value.
You work too hard. And your company 401(k) retirement plan account is important to your future. You deserve a better outcome than you had in the past.
Ric Lager
Lager & Company, Inc.
