Did you know your retirement depends on only three numbers and a letter? Can you guess what they are?
If you guessed “401(k)” then you’re right. For many Americans, a 401(k) is the easiest and most convenient way to save for retirement. Over 80% of full-time workers have access to an employer-sponsored retirement plan such as a 401(k).
So ask yourself: are you giving your 401(k) the attention it deserves?
Unfortunately, many people aren’t. I talk to individual 401(k) investors. Who don’t know their 401(k) mutual fund options, which funds they own, or how much risk they’re taking on.
Those things are all important to know. Because it’s not enough to save for retirement. You have to invest intelligently. Think of your 401(k) as a tool. It’s big, it’s powerful … and it’s useless if you don’t understand it.
It’s common sense, isn’t it? If you don’t know what your investments are, or how much risk you’re exposed to, or how much in fees you’re paying. If you don’t know all your personal and company-matching contributions are at risk.
If you’ve taken the time to understand what’s in your 401(k), congratulations! You are part of an elite few. But if you have even the slightest doubt about how your 401(k) is doing or what you’re invested in, it’s time to act.
For over 39 years, I’ve helped individual 401(k) investors understand “what to buy” in their 401(k). If you do the research and analysis every day like I do, it is easy.
You can understand your 401(k) like never before. Once-and-for-all answer your most important investment management questions. It all starts by getting a second opinion!
Why is a second opinion important? If you’ve ever scrutinized the documents your 401(k) provider has sent you, you know that understanding your 401(k) is difficult and time consuming. After all, there’s so many details to sift through, so much technical language to decipher.
And that doesn’t even begin to cover understanding the various mutual fund options you have!
With a “401(k) second opinion”, you can understand how much stock and bond market risk you are taking. And establish a principal preservation strategy when the stock market goes down. And interest rates rise.
Make sure your 401(k) is working hard for you. Be confident about the mutual funds you currently own. That might include a “401(k) second opinion.”
Ric Lager
Lager & Company, Inc.
Reach out to me on LinkedIn. More confidence in your 401(k) mutual fund choices awaits.
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.
