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What’s Your 401(k) Safety Net?

Manage your Minnesota 401(k) stock market risk now.

This post was contributed by a community member.

Most people assume their 401(k) is "handled."
By their 401(k) sponsor (their company).
By their 401(k) plan provider. (Schwab, Fidelity, etc.).

But the truth is that only one person is responsible for 401(k).
And how you manage the current stock market risk.

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That person is you.

Think for a minute about all the things in life you insure.

Life.
Home.
Car.
Cell phone.
Pet.

Not because we expect something bad to happen.
But because we understand what's at stake.

Do you protect your 401(k)?

Most individual 401(k) investors are the opposite.
Rely on "autopilot" default 401(k) settings.
Outdated allocations to bad 401(k) mutual funds.

The stock market risk level has changed.
401(k) mutual funds are under siege.

Ask yourself these 401(k) mutual fund questions:

What stocks do you own in your 401(k) mutual funds now?

Why do you own the mutual funds in your 401(k) now?

Do you have a plan to protect your 401(k) principal?

What matters most to your 401(k) now is clear.

You don't have to "time the market."
You have to acknowledge a stock market risk level change.

Understand your 401(k) mutual funds.
Get comfortable with your 401(k) stock market exposure.

Want a clear picture of your current 401(k) stock market risk?

Let's get connected and I will respond with your details.

Ric Lager

P.S. The goal 401(k) now to protect principal.

The views expressed in this post are the author's own. Want to post on Patch? Register for a user account.
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