Category: Financial planning

Market volatility and 401k plans

Impending Recession: A Fallout From COVID-19

The market volatility due to COVID-19 has evaporated billions of dollars out of average American only source of retirement i.e. their 401k plans. The average employee is not only worried about their health but also the fear of losing their job. On top of that their retirement assets are plummeting with the stock market crash.

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3 Fees That Are Bleeding Your Retirement Assets

Per the US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal!  As not all employer’s match, people are looking to the financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).

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Plugging the holes in the 401k account

Plugging the holes in your retirement bucket

Per US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal!  !  As not all employers match employee contribution, people are looking to financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).  

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