Is Your 401(k) Taking on Too Much Risk?
People may envision themselves sitting on a beach and sipping Mai Tais when they think of retirement. This isn’t a bad image, but it isn’t complete—unless you have a plan to fund your golden-years income. I know what you’re thinking: “Retirement? Who cares about that? It’s so far away.” The problem is that if your 401(k) isn’t reviewed often enough, your future income could be significantly less than you are expecting to live on. So, let’s explore why it’s important […]
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Date: August 29, 2022
Why People Don’t Participate in Their 401(k) Plans … And Why That’s a Big Mistake
Here’s a shocking statistic: In 2018, almost 30 percent of private sector workers with access to a 401(k) or similar plan did not participate. Here’s another one: About 20 percent of participants don’t take full advantage of their employer’s matching program. As the founder of Heritage Capital, this boggles my mind. Failure to fully take advantage of a 401(k) is truly a big mistake and can mean a shortfall of hundreds of thousands of dollars at retirement time. Why are […]
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Date: November 17, 2020
