Individual Minnesota investors should recognize a set of very important facts about their company 401(k) retirement plan participation.
The first fact is to be happy about the sacrifice that you make every month. Saving for retirement is an important financial goal. All your hard work will produce a good quality of life in your later years.
Second, change your attitude about the investment management responsibility of your retirement money. Be happy that you have the ability to add to and grow your company 401(k) retirement plan account.
The largest part of how you feel about your ability to manage your company 401(k) retirement plan account is up to you.
Third, take time to learn about the investment options available in your company 401(k) retirement plan account. The more you know the more confidence you will have.
Fourth, review your company 401(k) retirement plan account statement every time it hits your mailbox. Every month or every quarter, take the time to see how your company 401(k) retirement plan account is growing.
Last, realize that you alone are responsible for the preservation and the growth of your company 401(k) retirement plan account. The stock market can help you. But you make the most important decisions on your retirement money.
If you don’t feel comfortable in that role, find an investment professional. Realize that you have options available to make sure that your company 401(k) retirement plan account is safe and growing for your future.
Your happiness about your company 401(k) plan is up to you. Your investment management success in preserving and growing the money for your retirement years is also up to you. Sometimes a reminder of these facts is important.
Ric Lager
Lager & Company, Inc.
