Over the past couple of decades, “401(k)” has become the catchall term for retirement savings. As financial advisors, we at Entrust could not be more pleased that 401(k) plans are widely familiar. After all, clients want a comfortable income during retirement, just as they do while working, and that requires assets. Many aspire to leave a legacy as well.
Speaking of comfort and legacy, assuming you have good longevity, retirement will be the biggest bill of your life. Now that’s personal. But are you on track to fund that bill? Has your business implemented the retirement plan you need so that, from owner(s) to employees, all are confident of their personal retirement account return on investment?
Test yourself with a quick look at these three tips. Do you:
Confirm that you are investing the maximum amount allowable in your plan each year?
Conduct an annual review of your 401(k) investment options, to be sure they continue to meet your objectives?
Schedule an annual review with your financial advisor to evaluate results and progress towards meeting your long-term goals?
Whether you are a business owner or an employee, we can help get you to the right answers to your retirement questions.
Certified Financial Planner Board of Standards, Inc