Archive for the ‘401(k)’ tag
401(K) News/Updates
It’s no secret that the market has been volatile over the past year. In fact, it is also no secret that a lot of people with investments have been trying to figure out the best way to protect their savings.
One proven strategy to help achieve pong term retirement security is to give careful consideration to the benefits of a well balanced and diversified investment portfolio.
This simply means allocating your money among different types of investments to help achieve a favorable rate of return while minimizing your overall risk of losing money. This results from market or other economic conditions that cause one category of assets to perform well often can cause another asset category to perform poorly.
If you invest more than 20% of your retirement savings in any one company or industry your savings may not be properly diversified. While diversification is not a guarantee against loss, it is an effective strategy to help you manage investment risk.
No single approach is right for everyone because individuals have different financial goals, different time frames for meeting those goals and different tolerances for risk.
It is important to periodically review your investment objectives and the options available in our Plan to help ensure that your retirement savings will meet your retirement goals.
