401k. Those three numbers and a letter makes most of us excited yet completely confused. Your 401k is a solid investment tool that employers provide, yet, if it is not done properly, means you are setting yourself up for failure later on when you close in on your retirement. Did you know you can actually change what is on your 401k throughout your career? It makes sense, but how do you change-up your 401k? Nick Schneider is hopping on to The Doctor’s Life Podcast to give you a run down on the life of your 401k.
All episodes of The Doctor’s Life Podcast are available here, iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes.
Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds and/or Exchange Traded Funds (ETF’s). The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
Open enrollment- How to Make 401k selections?
- Problem- People are often times more aggressive than their risk score would allow. This puts them in a difficult position when the market is volatile.
- Solution- Find your risk score
- How- Work with a professional who can align your risk score to your investment options
- Outside of work.
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Go to the previous podcast episode.
