You can protect your pension and retirement funds and weather out any storm if you follow these simple instructions. Have you checked the asset allocation of your 401k and IRA investments? Did you panic or sell all your mutual funds or stop contributing to your retirement last year when the market bottomed out? Just follow my instructions and you will learn how to protect your retirement and pension funds.
Even when you put your retirement plan on autopilot, it still makes sense to keep on top of your 401k and IRA investments. Check to see how your investments are performing in comparison to the other selections in your retirement plan. Have the fees for your funds increased? Is it time to change funds? The buy and hold strategy no longer work in today’s volatile market. Check your retirement account frequently so that you can adjust your investment strategy as needed to minimize your losses and maximize your gains.
There will be changes to the values of the securities from your original asset allocation even after a few days of investing in today’s volatile market. Does it still make sense to keep your current asset allocation? You can be in for a rude surprise if you do not stay nimble and on your toes by selling your under performing funds and buying better performing funds. Having only one asset allocation plan for every market performance is no longer a good strategy when the market changes swiftly.
Incrementally increasing your contributions will go a long way into securing your retirement. If you are going to get a cost of living pay increase or a promotion, how about putting a percentage of that increase into your retirement account? If you decide that you need to make a change to your asset allocation, consider adding additional contributions until you arrive at your new allocation.
You do not want to continue to hold funds that are rapidly losing value and not buy more of the better performing funds. 52 weekly reports vs 4 quarterly reports. It’s a No-brainer to see which one gives you more timely information in a volatile market to help you maximize your gains and minimize your losses. We will send you an emailed report every Friday evening with the most up-to-date performance details for the stocks/mutual funds you currently own or are eligible to purchase in your 401(k) or IRA retirement plan. By checking your retirement account frequently, you can protect your 401k and IRA from funds that are under performing and ensure that you are invested in the best performing funds when the stock market is up.
Learn more about retirement planning. Stop by Bill Earle’s site where you can find out all about 401k retirement accounts and protecting your pension funds and what it can do for you.
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