Should you have your 401k, 403b or 457 plan be managed by a Financial Advisor while you’re still employed?
If you are currently a participant in a retirement plan such as the 401k, 403b plan or 457 plan, When is the last time you thought about the investment selection you’ve made in your 401k plan?
Like many investors who contribute to a 401k plan, it may have been months or even years since your portfolio was adjusted and updated. The ability to maintain and pay attention to our 401k plan is something we all strive to achieve. However, because as life gets busy, we do not always have allocated time to do a good job. As financial markets change constantly in every direction and this may be your largest asset during retirement, it is important to be disciplined and confident to manage your account effectively through various market cycles. Wouldn’t it be reassuring to know you have the support you need, allowing you to focus on other important aspects of your life?
You are not alone! Studies have shown that people who use advice from professional management, for their retirement, earn more on average than those who go at it alone.
Who is helping you?
Over the past twenty-five years the average 401k equity investor’s account performance has not been comparable to the market as a whole when comparing the yearly increases per year during that same time period Why is this? Often, the answer is emotion.
Many people start saving for retirement without a strategy or long-term plan implemented. Without proper guidance you may end up making costly mistakes driven by emotional decisions. Conversely, some investors are so intimidated and overwhelmed by the choices that are available to them, that they decide to follow the “ buy and forget” approach. While not a strategy, it is a method that many people use.
The great news for those in these situations is that law governing retirement plans have changed to allow a credentialed financial professional to directly manage your 401k for your future.
More than likely, your company’s plan allows you to develop custom investment portfolios that are analyzed and balanced daily by professional money managers
Ametrine Wealth Strategies utilize a respectable Turnkey Asset Management Program (TAMP)* to manage (401k’s, 403b plans and 457 plans)
“Flexible Plan Investments is a turnkey asset management program (TAMP) where advisers can access and combine multiple risk-managed strategies within a single account”.*
To determine if this service is available for your 401K, or to receive more information on this subject, contact us now at ametrine@ametrinews.com
or call us at 800-560-1988
With us by your side, you can finally get the help you need!