A 401(k) should customized to you
Somebody sold something to somebody else. That is how your company 401(k) was established. A large financial services provider like Fidelity, Schwab, or Empower. Provide a default menu of mutual funds you never heard of before. And you get to figure out how to protect...
What Is the goal of 401(k) target date funds?
At the end of 2022, there were over 60 million active 401(k) participants. Investing over $6.6 trillion dollars. And 59 percent of them owned a target date mutual fund. These number come from the Investment Company Institute’s 2023 fact book. If you did not choose...
Do your kids need 401(k) investment advice?
I am the father of two Gen Z’s. Many of their college roommates, teammates, and friends are now in my 401(k) advice client base. I receive e-mail, phone call, and text messages from my kids. And their friends. All new to the working world. Trying to navigate their...
The two great 401(k) risks now. Pick one.
No sold stock market bottom predictions from me. The financial services media is full of investment advisors who offer that content. My 401(k) advice clients do not pay me for forecasts. They pay me for ongoing results. In both up and down stock markets. Right now,...
