401k Physical - Objective 401k Advice

Does your 401k need a checkup? Your 401K is working for you, and for your retirement. But how hard is it working? Is it healthy? Is it sick? How do you know? Your 401K plan administrator may be able to give you an idea, but your plan's administrator may not be required to act in your best interest, or find you the combination of funds within your 401K that is right for you. Give your 401k a Physical with Foothills Financial Planning Foothills Financial Planning can ensure that your 401K is the best mix of funds for your personal needs. For a flat fee of $799, Foothills will interview you, understand your needs, and review your 401K portfolio to make sure it fits those needs. If it doesn't, we can help you adjust your funds to be completely in line with your retirement goals. ACT NOW! Contact us today or call 480.445.9072 to schedule your 401K Physical. Or just send us an email at info@foothillsplanning.com. We will contact you to set up your physical, and get your 401K on the road to health.

Why does my retirement plan need a physical?

For most members of recent generations, traditional pension plans have been the primary source of retirement income. For some, Social Security has served in this capacity. However, since the height of their popularity in the mid 1980s, the use of traditional pension plans has rapidly declined. The risk of having enough money to retire has largely shifted from employers to employees. The funding concerns around Social Security are well documented, such that most younger workers no longer believe they'll benefit from this source at all. In other words, planning for retirement is up to you.

Did You Know? If you had been invested in a simple 50/50 split between a diversified set of stock index funds and bond index funds, you would have lost around 12% in 2008? That's not a desirable outcome on the face of it, but it beats the average 401k account maintained at Fidelity Investments, which experienced a decline of 27% in 2008, including contributions that were made during the year. While there are no guarantees against losses, the guidance provided by a third-party, objective advisor can be the difference between living a comfortable retirement and making significant compromises in your retirement years.

How does it work?

Clients will furnish Foothills Financial Planning with information pertaining to current retirement plan investments and allocations, a listing of available funds within the plan and a completed questionnaire that is used to assess risk preferences. Using developed expertise and professional research, FFP will recommend an appropriate asset allocation within the plan, as well as specific investments. These recommendations will be geared to the stated objectives, amount of time until retirement and the risk assessment.

Consider this: paying an extra 1% in expenses on a $100,000 balance will cost you $1,000 every year. For just $799, you will receive personal, professional advice that will not only help you avoid paying unnecessary expenses within your plan, but will also help to ensure that the investment risk you undertake is appropriate and that you achieve adequate long-term returns as compensation for that risk.

Who will perform the Physical?

Foothills Financial Planning is an independent, fee-only licensed investment advisor. Fee-only means that we are not compensated by anybody but our clients, and we are therefore free to make recommendations based solely on what is best for our customers, rather than which mutual fund company pays us the most to recommend their product. For more information about us, please see our About page.