Broker Check

401 (k) Plans

A 401 (k) is a retirement savings account sponsored by an employer and has many benefits. One of the primary benefits is that your contributions are taken out of your paycheck before they are taxed. That means that your money can grow at a much higher rate over time. You won’t have to pay taxes until you start withdrawing your funds late in your late 50’s. Some, but not all, employers will match a percentage of your annual contributions, essentially providing you with free money. There are also Roth 401 (k)’s where you contribute money that’s already been taxed so you don’t have to pay when you withdraw.

Typically, your company decides the stock options that make up your 401 (k) plan and you then self-direct how you want to invest the money you contributed. All too often this is where employees get confused. There is uncertainty regarding which stock options they should choose and how to put together a portfolio that is aligned with their long-term financial goals.

HOW WE'RE DIFFERENT

At Mountain View Strategic Wealth, we take the guesswork out of that process. Typically, financial advisors cannot provide the ongoing 401 (k) management and oversight that is expected and required as a fiduciary due to limitations in technology.

Mountain View Strategic Wealth has access to software that allows us to view, manage and trade any asset, and provide you with the benefits of comprehensive portfolio management. This means we can manage 401 (k) plans using the fund lineup/choices offered within your 401 (k) plan. This allows us to provide full, holistic account management and wealth planning – and helps you to rest easy knowing that all your investable assets are being professionally managed by one trusted advisor. Studies show that professionally manages accounts outperform unmanaged accounts by 3% or more, net of fees*.

*Russell Investments. “2021 Value of an Advisor Study.” April 2021.

Managing Your Own 401 (k)?

Managing Your Own 401 (k)?

While 401K management is an integral part of a clients’ overall retirement and wealth building plan, for many, it is the only investment they currently have. That means it’s even more important for you to manage your 401 (k) plan effectively. If you’re self- managing your 401 (k), you already know what a huge and stressful responsibility it can be. That’s why we created the 401K tune-up for DIY’ers.

Introducing our 401 (k) Tune-up for DIY’ers

For a single fee, we can sit down with you, learn about your personal goals, financial goals for retirement, and risk tolerance, and then create a portfolio of funds in your 401K plan that will help you to move closer to achieving your retirement goals.

This is your opportunity to gain professional guidance as you plan for your future. You decide if or when you want to get together again to review your portfolio. A review can be performed when things change in your financial life, or if you just want to discuss your portfolio performance.

You can take comfort in knowing you can have a professional strategy in place for managing this critical asset. And remember, as your needs for retirement change, or you require additional support, we’ll always be there for you. 

Have a Question?

Thank you!
Oops!