401K Advice

Your 401k Account: Getting Help

In the 401k Advice section, we cover getting help with your retirement account at work. It really does not matter if this retirement account is called a 401k account, a 457 deferred compensation account, or even a 403b annuity. Many of these retirement accounts are constructed the same way: you have a list of mutual funds to choose from with your account at work.

Did you know that many individuals pick a few mutual funds in their 401k on the day they begin working, and rarely make any changes in their account?

You do not need to ride the stock market roller coaster all the way up, and then all the way down again, over and over. We employ a five-step game plan, using point and figure charts to help manage the risk in your retirement account.

We share a password, and when it is time to make a change in your 401k account, we log in and make the changes. There is no incentive to over-trade. As fee-only investment advisor, it is in our best interest (yours and ours) to avoid big risks, and continue growing your retirement account. After all, you will need to live on this money at some point down the road.

If you do not see a 401k or retirement account topic you would like discussed, feel free to get in touch with Thomas Mullooly and his team at 732-223-9000 or through our contact page, here.