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Seeking Advice For Your 401(k) Investments
_401K Strategy
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Say your company has opened up a 401(k) account for you and is already contributing quarterly profits on your behalf.
In response, you've decided to set aside a full ten percent of your salary and place it in the 401(k) too.
Unfortunately, you are clueless as to where to place your monies…if only you had access to a financial advisor!
Well, fortunately for you there are ways for you to seek financial help!
In some cases that advice is free. Read on, please, and we'll examine some 401(k) investment options that are sure to inspire you!
Your Company: An in-house financial advisor may be able to guide you with your 401(k) investment options.
If your company has an accounting team in place, they may also have someone skilled in providing financial advice for employees. Some companies offer a "lunch and learn" program where an advisor is brought in to discuss 401(k) options over lunch during the workweek.
Independent Advisor: Some 401(k) plans arrange for employees to contact an independent advisor for investment assistance. You may have to contact an 800 number for assistance, but you'll be given over to an advisor who can discuss options with you based on your age, risk factors, and more.
Your Broker: Do you already have a stock broker? Are you a good customer? If so, ask him or her for advice, attend seminars and get informed. If you have a good relationship with your own broker, why not go to someone you already know?
As with all things in life, getting the information you need to make an informed choice is up to you. Read the material that comes with your 401(k), track each 401(k) statement, and take classes at your local community college to learn more about 401(k) management and investing.
Some public libraries offer classes and yes, libraries are still a good source of information with books, magazines and other useful material on hand to inform, educate, and guide you.
Speaking about the Internet, sites such as Money.com, Fool.com, and Bankrate.com offer an excellent source of articles for visitors covering 401(k) and other personal finance issues. Most sites do not charge you a fee for access to their wealth of good information.
So, that's it. 401(k) information is out there, but you will have to do a little looking first to find an advisor that works for you.
Educate yourself and you can maximize your 401(k) for better performance overall!
Say your company has opened up a 401(k) account for you and is already contributing quarterly profits on your behalf.
In response, you've decided to set aside a full ten percent of your salary and place it in the 401(k) too.
Unfortunately, you are clueless as to where to place your monies…if only you had access to a financial advisor!
Well, fortunately for you there are ways for you to seek financial help!
In some cases that advice is free. Read on, please, and we'll examine some 401(k) investment options that are sure to inspire you!
Your Company: An in-house financial advisor may be able to guide you with your 401(k) investment options.
If your company has an accounting team in place, they may also have someone skilled in providing financial advice for employees. Some companies offer a "lunch and learn" program where an advisor is brought in to discuss 401(k) options over lunch during the workweek.
Independent Advisor: Some 401(k) plans arrange for employees to contact an independent advisor for investment assistance. You may have to contact an 800 number for assistance, but you'll be given over to an advisor who can discuss options with you based on your age, risk factors, and more.
Your Broker: Do you already have a stock broker? Are you a good customer? If so, ask him or her for advice, attend seminars and get informed. If you have a good relationship with your own broker, why not go to someone you already know?
As with all things in life, getting the information you need to make an informed choice is up to you. Read the material that comes with your 401(k), track each 401(k) statement, and take classes at your local community college to learn more about 401(k) management and investing.
Some public libraries offer classes and yes, libraries are still a good source of information with books, magazines and other useful material on hand to inform, educate, and guide you.
Speaking about the Internet, sites such as Money.com, Fool.com, and Bankrate.com offer an excellent source of articles for visitors covering 401(k) and other personal finance issues. Most sites do not charge you a fee for access to their wealth of good information.
So, that's it. 401(k) information is out there, but you will have to do a little looking first to find an advisor that works for you.
Educate yourself and you can maximize your 401(k) for better performance overall!