Most likely your 401(k) plan (or a 403(b) plan) is your most important retirement asset. While the equity in one’s home is a big driver for retirement dollars – think downsizing when kids are grown and on their own – a lot of a home’s value just depends on the area where you live and the real estate market there. But your 401(k) plan has soooo much riding on what you do. Are you making the right decisions with it? How much you contribute and how you invest is on you – so you have to get it right because you have one chance at a safe, secure, and comfortable retirement. And a target date fund does not know you: it does not know your level of risk and your comfort with volatility, and it doesn’t know what type of goals and return objectives you are trying to accomplish. One company’s 2050 fund can look a lot different than another company’s 2050 fund, so having me build out an appropriate investment portfolio does a lot better job of targeting your risk / reward profile. And you might not be taking enough risk, either…you could be missing out on hundreds of thousands of dollars or even more money over your working career by not being invested properly right now. If you’re in your 20s, 30s, 40s, or even in your 50s if you plan on working longer, you should have a very healthy stock exposure right now.
A Pensinger Financial 401(k) review will get you a risk tolerance survey report and video analysis; an investment allocation spreadsheet and accompanying video explanation. Plus, if you’re not comfortable making investment changes yourself, we can set up a Zoom screen share and I can walk you through how to make those investment changes.
A review from me, puts your most important retirement asset on a very solid foundation so that you can accomplish your retirement goals.