Honestly, it doesn’t make much sense to participate in a retirement plan without a plan.
How many retirement plans “enroll participants” rather than “help employees plan for a successful retirement”? Hint: nearly all of them.
Wouldn’t it be ideal if a retirement plan (401(k) or any other) provided each employee with the opportunity to make the right kind of long-term financial plan: one that the money outlives the employee and perhaps leaves a legacy for future generations and other important causes?
It doesn’t have to be confusing, difficult, intimidating, or time-consuming. Each employee should be able to answer a few basic questions:
- When would you like to retire, and at what level of income?
- Where are you now?
- How do we get you from where you are to where you want to be?
- How does this impact your participation and investment allocation decisions?
- Are there any impediments to the funding level you’ll need to contribute to help you retire successfully?
You’ll see nothing about “current market conditions”, “economic forecasts”, or “how many stars does the fund have?”. None of this matters to the long-term success of the participant.
A successful retirement is within reach for each employee. It starts with a personalized plan.
Learn more about our guiding principles by clicking on the image below.