Talking heads on cable news. Daily feature articles with scary headlines on financial media web sites. You got to love all the Wall Street analysts and economists.
This group of experts cannot help your 401(k). Or produce a logical, disciplined, and organized 401(k) investment management strategy. That most individual 401(k) investors can use for the long-term.
I have been providing investment advice since 1984. I opened my first individual 401(k) investment advice relationship in 1999. I would not have survived that long in my career if I did not add value to my client relationships.
I process economic and financial market data for my investment advice clients. I let that real-time data shape my investment advice. And I try not to let my preconceived notions enter the equation.
Economic and financial market data is always useful. But it fails in comparison. To independent, third-party, fiduciary level analysis of your default 401(k) mutual funds.
The economy can help shape a 401(k) investment management strategy. But it cannot compete with customized investment advice. On the 401(k) mutual funds available in your retirement plan account.
The 401(k) investment advice space is a crowded field. Here is the problem. The investment advice is much too complicated for most individual 401(k) investors.
401(k) investment advice needs to one or two “simple” explanations. Provided with examples individual investors can understand. From their real-life experiences outside of personal finance.
Much of the content that tries to pass for 401(k) investment advice is a scare tactic. The economy is getting worse. A recession is coming soon. The stock and bond markets are about to drop.
Negative scare tactics may make the commentator sound smart. Like they know more than the rest of us do. I have never figured out how that improves 401(k) investment management decisions.
My 401(k) investment advice clients. And the individual 401(k) investors I talk to. They are trying to preserve their retirement plan account principal now. And get what kind of investment performance is available to them on their default 401(k) mutual fund menu.
Do you have a 401(k) principal preservation plan in place now?
Does that plan reflect the realities of the economy, stock market and interest rates?
It gets back to logic. And access to common sense. There is no substitute for sound investment advice. From an independent, third-party, fiduciary-level investment advisor.
Not affiliated with your company 401(k). Or your company 401(k) retirement plan provider.
If you do not have a source for 401(k) advice, reach out. It is not hard to understand. If you go to the right source.
Ric Lager
Lager & Company, Inc.
I have spent the last several years trying to figure out the best way to share my 401(k) advice content. I have tried Twitter, Facebook, company web site, and LinkedIn Groups. I now realize nothing beats a well-crafted newsletter delivered to your inbox once a week. Sign-up here.
If you like the content, hit reply, and start a conversation. I can help you figure out your default 401(k) mutual fund menu.
