Business
I work with a lot of 401k plans as the plan advisor. In that role, I wear a lot of hats, but my primary jobs are selecting and overseeing the plan investment options and providing education and guidance to the employees in the plan. And often, I see employees who leave money on the table and don’t maximize the benefits of their 401k. In fact, even though about 60% of Americans have access to a 401k plan, only 32% of Americans are even participating in the 401k. So the first step is obviously taking advantage of a 401k that’s offered to you by saving as much as you can afford to, but once you’ve got the basics down - you’re participating in the plan, you’re getting the matching contribution, and you have picked a solid investment lineup, what’s next? So this week on the One Minute Retirement Tip podcast, I’m talking about how you can get the most out of your 401k plan. If you're like most people, you may not be aware of ALL the plan features that you can and should be taking advantage of. I’ll talk about the mistakes and missed opportunities that I see over and over again, to help you get the most out of your 401k plan. That’s it for today. But before you go, I have a special treat for you. We’re hosting a virtual education event via Zoom on Tuesday May 25th, 2021 at 6:30pm (PST) - This event, “Investing in Uncertain Times”, features guest speaker Chad Morganlander, senior portfolio manager and co-founder of Washington Crossing Advisors. Chad is a regular on various media outlets, including CNBC, Bloomberg, Fox News, & The Wall Street Journal. Investing in uncertain times is certainly a timely topic right now! You’ll hear his perspective on investing and what he’s learned over the years managing nearly $9 billion in assets. The event is free and you can register by going to truenorthra.com/tickets. Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. ---------- >>> Subscribe on iTunes: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Check out our blog: https://truenorthretirementadvisors.com/blog/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance