What should the best 401(k) plans do for you? And is yours the best it could be?
According to a recent study conducted by MetLife – the Qualified Retirement Plan Barometer – your 401(k) plan is probably falling short, because most plans simply don’t do all that a 401(k) plan ought to do. According to The Wall Street Journal’s MarketWatch, many plan sponsors aren’t offering important plan features that could greatly enhance your retirement savings plan.
What features are lacking? Primarily “help tools” and services. Studies show that plan participants who use the “help” tools and services provided by their employers tend to outperform participants who did not use these tools. In other words, if your employer doesn’t offer online calculators, one-on-one financial counseling, seminars and workshops – ask for them. If your employer does offer those tools, be sure to use them.
If you (or your employer) are looking for objective, qualified educational presentations on retirement and estate planning, please contact our office. We are happy to work with you to schedule workshops, whether on-site or at a convenient off-site location. For more information, contact Terri Mason.
Hiring Senior Life Care Planning is not inexpensive. However, in most cases we save your parent’s wealth, reduce your time involvement, give you peace of mind, and eliminate the potential pitfalls and risks of long distance care giving, for more information see our website.Tags: 401(k), retirement income, retirement planning, retirement savings, workshop