Not everyone has a retirement professional, but many people have a 401(k) at work. So, how should you handle your 401(k) during turbulent financial markets? If you have a 401(k), make sure you do these three things.
{AUDIO} Handling Your 401(k) During Market Turbulence
- Understand how you are invested: Way too many people don't know where their contribution dollars are going and how they are being invested.
- Make changes according to life changes: You may have experienced major life changes since you started your job and 401(k). Reanalyze your risk tolerance and make the appropriate changes.
- Take advantage of regular employee meetings: Many employee sponsored retirement plans offer regular meetings. Use these to make necessary changes or ask questions.
If you need help navigating market volatility and your 401(k), please give us a call at 320.222.4236 or email me directly at [email protected].