Do you really know what your 401(k) is invested in?
Your 401(k) is likely your biggest investment, but how much do you actually know about where that money is going?
If you’re like most people, your 401(k) is probably sitting in a Target Date Fund which is a default option that adjusts as you approach retirement.
But have you ever dug into the details?
Here’s why it’s important to know what’s inside:
Alignment with Your Goals
Just because it’s a default option doesn’t mean it’s the best fit for your financial goals. Make sure your investments are tailored to your unique needs.
Fees Matter
Different funds come with different costs. Understanding the fees associated with your investments can make a big difference in your long term returns.
Understand the Risks
Target Date Funds vary widely. Understanding the details can help you manage risk more effectively.
Stay in Control
Your 401(k) is a key part of your financial future. Don’t leave it on autopilot. Take charge by knowing exactly where your money is going.
Your financial future is too important to leave to chance. Take a closer look at your 401(k) today and make sure it’s working as hard as you are!
P.S.
If you need some guidance with this, schedule an introductory meeting with us for a complimentary review.