Investing is complicated. It is hard to find a trusted source for logical and organized financial advice specific to your individual situation.
Your Minnesota company 401(k) retirement plan is a confusing mess of hidden costs and self interested parties. Take the time to find out if your company 401(k) plan is in your best financial interest.
Understand how your company 401(k) retirement plan provider is being compensated. You really don’t think that your company 401(k) retirement plan account is free, do you?
You are paying for the opportunity to invest your money in your company 401(k) retirement plan account. Your company 401(k) retirement plan costs you money every year.
Make sure that you are comfortable with the investment management strategy of your company 401(k) retirement plan mutual fund holdings.
Mutual funds are a combination of financial costs and investment risks. These two factors are the only way to decide if a company 401(k) retirement plan mutual fund is right for you.
Your company 401(k) retirement plan provider has a vested interest in where your retirement plan money is invested. That is the reason that you are urged to remain 100% invested at all times. Your company 401(k) retirement plan mutual fund companies will also gain the most investment management fees when you are 100% invested.
Find an independent, third-party investment advisor who is willing to help you make the best company 401(k) retirement plan decisions possible. That independent investment advisor will give you the honest truth about your retirement plan menu of options.
Most important, give that investment advisor a stake in your company 401(k) retirement plan success.
Ric Lager
Lager & Company, Inc.
