Putting together your plan doesn’t have to mean going it alone
You’ve decided to save for retirement by signing up for your company retirement plan. After you’ve settled on the investment profile that best suits your style of investing (say, conservative, aggressive, or somewhere in between), the next most important decision you can make is how to match your style to your plan’s investment options. This part of investing is called asset allocation.
Selecting the right mix of investments for your plan requires some discipline to monitor your funds — at least annually, many experts say — to make sure your portfolio is on track to help you pursue your goals. Before you do that, you might want to think about how involved you want to be in managing your 401(k) account.
- Are you interested in learning about the investment markets, and have confidence in your ability to make your own choices (a “Do It Yourself Investor”)?
- Are you someone who likes to have access to some advice, but ultimately wants to make investment decisions on your own (a “Help Me Do It Investor”)?
- Would you rather focus on interests and hobbies outside of investing, and prefer more of a hands-off relationship with your money (a “Do It for Me Investor”)?
Depending on your company’s retirement plan, you may be able to match your level of interest in managing your investments with the asset allocation options available to you under the plan.
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To learn more about these options, contact your retirement plan administrator or financial advisor.
Pensionmark Financial Group does not provide tax or legal advice. Please consult with a tax professional prior to deciding on any distribution option.
* Please note the principal value invested in these funds is not guaranteed at any time, including at the specified target date.