Market fluctuations are normal and expected part of any investment strategy. Using a 401(k) to save for retirement is a long-term saving strategy and long term market trends are what impact 401(k) growth. In order to make wise decisions about saving for retirement it is important to be careful about reacting to short term market swings.
If you are feeling uneasy about your retirement, speaking to a knowledgeable professional is the best way to understand market realities and how they impact your overall financial situation. Reliant's 401(k) broker offers complimentary 20 minute consultations for all Reliant employees. See his invitation below:
As an employee in one of our retirement plans, I want to reach out to see if you have any questions about your account or would like to set up a 20-minute Zoom meeting with me. We can discuss your retirement plan at work and any other account you may have set aside for retirement. Over past month, I have been reviewing how much risk people are taking and if the plan at your job is working together with any outside account or investment you may hold. Since you are in one of our retirement plans, this is a service we include to supplement what we do with your employer (reviewing performance of offerings, analyzing cost, etc.). I already have access to your account at work, but if there is something else you would like to me to review (Social Security statement, old 401(k), inheritance account) please feel free to send it to me ahead of time.
Sincerely,
Michael Clark CFP®
CERTIFIED FINANCIAL PLANNER™
To set up a Zoom meeting with me, please email my assistant Cori.Chestney@RaymondJames.com
