Important Facts about Protecting Your Retirement Funds

When was the last time you looked at the asset allocation of your 401k & IRA investments? Was it last year when the market bottomed out? Did you panic sell all your mutual funds & stop contributing to your retirement? If you follow these simple rules you can weather any storm & protect your retirement funds.

Even when you put your retirement plan on autopilot it still makes sense to keep on top of your 401k & 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 & 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 & maximize your gains.

If you don’t stay nimble & on your toes by selling your under performing funds & buying better performing funds you can be in for a rude surprise. When the market swiftly changes having only one asset allocation plan for every market performance is no longer a good strategy. Even after a few days of investing in today’s volatile market there will be changes to the values of the securities from your original asset allocation.

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. Incrementally increasing your contributions will go a long way into securing your retirement.

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. 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 & minimize your losses. By checking your retirement account frequently you can protect your 401k & IRA from funds that are under performing & 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 & protecting your pension funds & what it can do for you.