401(k) retirement plans can sometimes cause frustration for financial planners and their clients.

The 401(k) is one of the most essential savings and investment vehicles available to many employees.  However, a 401(k)’s features, investment choices and service providers are determined by the employer and offer employees little flexibility. Clients and their financial planners must choose among the investment vehicles offered and work within established rules and limits regarding overall contributions and employer matching contributions. 401(k) plan data is not always readily available either, and many HR departments often do not understand their own plans very well.

Nevertheless, incorporating a 401(k) plan into your overall financial plan is extremely important and good advice is essential.  Prudent advice is particularly important as your retirement date edges closer – when it’s very important to hold on to what you’ve saved over many years.  As William Simon, a managing director at investment firm Brinker Capital says in a Wall Street Journal article, retirement saving “is kind of like flying – the most dangerous parts are the takeoff and landing.”

Please read the following Wall Street Journal article by Veronica Dagher. We think you’ll find it very informative. Here’s an excerpt:

How you manage your 401(k) plan may be the difference between a happy retirement and one where you’re always worried about money. But too often, many Americans aren’t making the most of this important retirement asset.

About one-third of workers with access to 401(k) plans don’t participate. Others fail to save enough to qualify for their employer’s full matching contributions. Still others don’t sufficiently diversify their holdings, often investing far too much in their own company’s stock.

You may not have a lot of say in how your company runs its retirement plan, but financial planners say there are plenty of ways for individual workers to better manage their own retirement portfolios and improve their returns.

You can read the article by following the link posted below.  Please feel free to call us to set up some time to discuss your retirement plan.  We are pleased to provide personalized advice and recommendations that address your unique situation.




Advisory Services offered through Investment Advisors, a Registered Investment Advisor and division of ProEquities, Inc. Securities offered through ProEquities,Inc., a registered broker-dealer and member, FINRA and SIPC.

Tim Paschall is licensed in the states of North Carolina, South Carolina, Georgia, Florida and Ohio. Paschall & Associates is independent of ProEquities, Inc.

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