How to Know If Your 401k Is Properly Structured – Episode 152
The 401k is designed to be a “set it and forget it” type of retirement plan: Set your allocation based on your age and risk tolerance, then contribute money each pay period, and let compounding do its job from there. And that’s a good thing.
But part of the potential success of your 401k plan has to do with how it’s structured to begin with. You may have an overwhelming number of investment choices which may cause you to just take what seems to be the simplest route. But doing that may actually curtail your chance of reaching your retirement plan goals.
How should you set up your 401k to give it the best potential chance of success? Podcast host Johnny Dean and Lucia Capital Group Wealth Manager Ronnie Sanchez tell you what you need to do on this week’s episode of Managing Your Financial Future!
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.
Ronnie Sanchez is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.
Here's Something Else You'll Enjoy
