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!
C.C. Collins is a Financial Planning Advisor and Author of "Scientific Wealth Strategies" at http://www.wealthscientist.com Find more information at http://www.wealthscientist.com
Lincoln Stretch rentals Alsip ..When Building Wealth by Russ Whitney was released a few... Read More
While you need to have a lot of positive-thought and... Read More
It's the beginning of a brand new year: a time... Read More
Have you any idea how many people search Google every... Read More
"The quickest way to wealthThat I've found to be true;Is... Read More
My First Million took me exactly 27 months to achieve.... Read More
Everyone wants to be wealthy, but most of us do... Read More
"Ooooooh," you may say, "I could NEVER be good at... Read More
One of the things most of us have old ideas... Read More
There is no need to use the many middleman websites... Read More
Recently, one late winter night, my four-year old son and... Read More
How many people search Google, Yahoo and MSN each day... Read More
A mole travels one road, according to the way nature... Read More
Key 1 Pay your self firstkey 2 Saving is not... Read More
Feel like a lemming lately? Ready to follow the crowd... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
In most societies, we are raised to believe in the... Read More
At any time in history, no matter what the current... Read More
You have probably heard other people say that "Money isn't... Read More
The business of banking has changed dramatically over the last... Read More
If you're wondering where to create passive income, then you... Read More
I have given many prosperity lectures over the years and,... Read More
You know about compounding right? You understand what pyramiding your... Read More
"Any fool can rich, the wise get wealthy." Chris WidenerGetting... Read More
The cashflow board games, Cashflow 101, Cashflow 202, and Cashflow... Read More
Western Springs shuttle limo ..From tender age, we were exposed to myths about money... Read More
The business of banking has changed dramatically over the last... Read More
Before I had a lot of money, I was really... Read More
Offshore strategies may or may not be right for you.... Read More
Top Investment PerformanceThroughout history, many coin collections have produced substantial... Read More
"The quickest way to wealthThat I've found to be true;Is... Read More
Yesterday we learned that 74% of all wealth is created... Read More
When young men ask me how to succeed, I tell... Read More
1. Save up to 50% per month on convenience cleaner... Read More
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More
In light of the dominant mindset overshadowing the market these... Read More
Retirement Planning the Offshore Way Why do so many of... Read More
Is it hard to get rich? If you're young, not... Read More
Have you ever had that feeling where you could not... Read More
The idle are a peculiar kind of dead that cannot... Read More
Anyone knows that material wealth is measured in goods: apples,... Read More
Most people want to get to the end of their... Read More
If you don't have discipline then walk away from the... Read More
There is perhaps no more important decision than to take... Read More
This retirement account is so new and unique that you... Read More
1) Pay off your loan, credit and store card debt... Read More
In his best selling book, "Rich Dad, Poor Dad, Robert... Read More
Turn to the year 1999, a couple of friends sitting... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
Why is it that the older and richer people become,... Read More
Wealth Building |