Do you give your 401k the attention it needs? Most of us tend to let our employer take the funds out of our check and then forget about it. If this is the case for you, it may be time for an overhaul. Work with a financial planner or even your insurance agent and find out if you are getting the most out of your 401k as you possibly can. Here are some things you should discuss:
- Do you have enough income each month? If you are borrowing to get by, you may want to reduce your 401k contribution—this can actually save you money.
- Do you have the means to deposit more? On the other hand, if you have the ability to put in more you may want to adjust in this direction.
- What is your employer contribution? Are you taking full advantage of your employer contribution? Find out if your employer matches a contribution and try to put in as much as you can that will be matched each month.
Your 401k is one of the most important investments in your future. Because of this, you want to work with an expert to make sure you give it the attention it needs. If you are in McKinney Texas or any surrounding areas, call or contact us at Pierce Insurance Group today.