There is a little-known secret within the retirement plan community that has the potential to dramatically improve the pursuit of your financial goals. In this post, I will share what this secret is, why it is important, and how I can help you implement it to help you in the pursuit of financial independence.
Some recent statistics from a study* of 1,000 Retirement Plan Participants:
- 69% said that “knowing how much to save for retirement” is a key priority in their life
- 68% said that “making the best investment choices in their retirement plan” is a key priority
- 50% said that having enough money in retirement is as important as their health in retirement
What does this show? It shows that we know that saving for retirement is EXTREMELY important. We are identifying it as a key priority, but what action are we taking? The majority of Americans believe their financial planning efforts need improvement but 34% said they have done NOTHING to plan for their financial future. Why are we so reluctant to take the next step and get professional help? Most people have no problem paying thousands of dollars a year for gym memberships, supplements, and trainer sessions to improve their physical health but haven’t done the same to improve their financial health. But there is one retirement planning secret that can change the game for you and your family.
The big secret that you need to know, and your retirement plan vendor most likely hasn’t told you, is that you may be able to get professional help within your plan! Many plans are now offering a “brokerage window” which allows you the flexibility of accessing a large number of high-quality investment options, while also getting professional advice! It is a simple and easy process — you aren’t moving your money, you are simply using a feature within your current plan.
Why is this secret important? Working with an advisor on your investment options in your retirement plan can make a huge difference.
A recent study shows that those that sought help had median annual returns of 3.32% higher than those that didn’t, and that is net of all fees paid for that advice!
Did you know this was available? Most don’t. But this feature can make a huge impact on the pursuit of your financial goals.
Work with an advisor that believes that a sound FINANCIAL PLAN is the foundation you should base your financial decisions on. We acknowledge we need help, we understand how important retirement savings are, and now it is easy for you to get that professional help. What are you waiting for? I know that financial planning isn’t always top-of-mind and can often be overwhelming but let’s work together to help remove the guesswork from the equation.