Points to ponder as you consider what can be done to maximize your 401k returns:
1.Are You Maximizing Your 401k Returns?
2.Is Your Plan Working Efficiently?
3.Do you need to Maximize Retirement Income?
4.Do you want Simple but Powerful Strategy to Increase Your Retirement Wealth?
For most people their 401k investment strategy is to "set it-and-forget
it".
This mindset has long been in existence and has been perpetuated
by 401k administrators and human resource departments alike. Don't make the mistake of thinking these people know what is possible, or that they will tell you if they do, to maximize 401k returns.
Unfortunately, accepting the given type of strategy at your company will most often result in less than optimal returns. Yet so many people believe that if there were more to be gained, their employers would have a system set up to capitalize on that fact. They don't!
If you were able to implement a strategy to squeeze a little more out of your 401k plan, say 8% more every year, this would result in four times the amount of money you would have at retirement because of the power of compounding interest!
Think about that for a minute: 4 times what you might expect when you retire just by learning how to raise your return by 8%.
Is this possible? Not only that, but people in the know are doing it by the thousands right now.
A very simple but powerful 401k strategy that works with any 401k plan involves two things.
1. Awareness
2. Use of an index fund (where available)
By awareness, I mean tracking the value of your 401k holdings on a weekly basis if possible. With this level of awareness you can easily spot a portfolio decline. If it approaches a predetermined amount (5% to no more than 10% suggested) you should switch into a money market. Or if you are well informed and have the ability into an index fund that is designed to profit from a decline (a Bear Fund).
The biggest advantage you will gain is NOT letting your account value sink to such dismal levels that a 40%, 50% or greater gain is required just to get back to even.
This alone could significantly increase the size of your 401 over time.
Is this the only strategy that can safely increase your return rate on your 401k?
Not at all. You just need to know what most people won't tell you. I have written a book on the subject called "Scientific Wealth Strategies." You can find it at http://wealthscientist.com
There are also a lot of resources available on the net to help you understand what you can do with your 401k to maximize default returns no matter how your 401k is set up by your administrator now.
A site in our publishing network helps you find this information. It can be found here: http://www.401kinfo4u.com
The worst thing you could do is let your 401k lay almost dormant with the minimum returns you are getting now. Calculate what it will be worth at retirement now as opposed to what you'd have waiting for you when you retire with 8% more in returns.
That should get you interested in seeking out the education needed to realize a whole different kind of retirement nest egg!
Web Copy – How Much is Enough? These days, there's widespread acceptance that a website is an integral part of the marketing plan of any business. Likewise, it's commonly accepted that web co...
How To Write More Powerful Online Text Nowadays nearly everyone needs to write for the electronic media. Here, professional business writer Suzan St Maur shares her experience and tips for success --...
A Fishy Road Trip in Cairns Join 1000's of avid Australian fisherman who enjoy in the beauty and fishing variety of Cairns. Where do I fish? Read on and find out how a great Australian roa...
Beware of some Get Cash Now Vendors Some weeks it feels like you're living hand to mouth. If you could just get cash now, all your problems would disappear. If you could get cash now, you could ...
Mexico Honeymoon Vacations Mexico, a country rich in arts and ancient cultures and strategically located between Guatemala and the United States is a perfect destination for a romantic Me...
Recent Cell Phone Advancements Cell phones have come a long way since the early days of the 1980s when they were the size of a brick and weighed almost as much. Today, cellular phones come wi...
How Does Your Website Make Me Feel? When people think about the Internet, they think about technology. When people hear that I am a Website strategy expert, they see me as a "techy type". But for ...
Anti Scooter Media Frenzy An estimated five million scooters will be sold this year and according to the U.S. Product Safety Commission 26,000 scooter-related injuries were reported befo...
How to Not Waste Money on Marketing If you own your own business, you're probably innundated with advertising and marketing opportunities and salespeople. You probably get asked to sponsor events ...
What is Your Creative Retirement Plan? Are you retired but wish you weren't. Are you one of those who have given little or no thought to planning the "creative" part of your retirement?
Trading Stocks –Never Forget About A Past Trade The moral of this article is to make you understand that timing may be your only issue when buying stocks so never throw away a possible superstar because you b...
Give Your Body Its Vitamin Supplements! The debate is no longer about whether your body needs vitamin supplements. It's about what kind of vitamin supplements it needs.
Print this page