Are you ready for a new start in your 401(k) account?
You need to know the best process for a 401(k) “redo.”
The change of seasons may be what you need.
My desk calendar states the first day of Summer was on June 20th.
Where I come from, Summer means cleaning out junk.
And summer means a Yard Sale.
This Summer there is more cleaning to do than closets and garages.
Your 401(k) account needs cleaning as well.
You currently own some 401(k) mutual funds that have two problems.
Each problem has to do with the benchmark US. stock market averages.
During the Spring stock market decline, these funds fell at a fast rate.
During the recent stock market rebound, these funds lagged.
Leading on the way down.
Lagging on the way up.
Not the best 401(k) mutual fund choices, agreed?
Your 401(k) investment management problems can compound.
You took 100% of the stock market risk.
And received only a small fraction of the best investment returns available to you.
There are better mutual fund you should own now in your 401(k).
Here’s a solution to think about.
Sell the worst 401(k) mutual fund options you currently own.
Place the proceeds in the safety of your 401(k) money market account.
Build up a money market balance when the stock market stalls or drops again.
You need a 401(k) money market account balance.
To take advantage of the stock market “sale” prices.
Selling your worst 401(k) mutual funds is the first step.
A Summer 401(k) yard sale will provide you an opportunity.
To buy better 401(k) mutual funds at lower prices.
An easy way to improve long-term company 401(k) investment returns.
Want to know a list of the bad 401(k) mutual funds you own now?
Comment below and we can get a LinkedIn connection started.
P.S. The right analysis will identify your bad 401(k) mutual funds.
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