Blue Sands Health and Finance
This is an alternative health, business and finance blog.

A 401K Plan Can Work For You

The 401k Plan has it’s good and bad sides. It may not work for everyone. The reason why it may not work for everyone is because of the lack of knowledge. Many think that since they invest their money in a 401K Plan that that means that the company is going to make sure that they make money. That is wrong and is so far from the truth. As a matter of fact most company handbook explain this. When I worked for a top retail company we were told of the risk before hand. But, some still depended on the company to take care of their investment. Most companies allow you to make changes on your plan online on a daily basis. What I am getting at here is that most companies have different areas where you can invest your money other than in the company stock. For example, if the company stock is TGTT and you are require to invest at least 10% then that means that you can put the 90% in real estate, precious metals,etc. Many who have lost money just didn’t take the time to read the fine print or pay attention during the company 401K benefit meetings. A few class on moving your money to stronger areas can make a world of difference. You may lose a little, but you don’t have to lose anything. Some accounts even allow you to put a freeze on things.You can move your money by increasing the percentages in an area that is gaining and not losing. Never ignore the red or negative marking on your monthly report. This is one of the most common mistake that some investors make. The 401K can work for you it did for me. If you can do it your ask for help or use reliable tools that will secure your future.

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