How to Personalize Your 401(K) (and avoid THESE mistakes!)

  • Home
  • Videos
  • How to Personalize Your 401(K) (and avoid THESE mistakes!)

TRANSCRIPT:

Do you find it difficult to manage your 401k, 403b, or workplace retirement account? Good news, you’re not alone, and we can help you with managing this account. Hi, I’m Kyle, a financial adviser at Base Wealth Management. Today, I’m going to go over how I can help you with your retirement savings.

At Base Wealth Management, we have the technology to help our clients with managing their workplace retirement accounts. It can be very difficult to choose what to invest in with your plan, and there are some decisions you need to make. Workplace retirement plans are often limited to what you can invest in, and if you make no investment election, you may get auto-enrolled in an age-based or target date retirement fund.

What is this? An age-based fund, or also called a target date fund, is a fund that invests in a mixed portfolio that bases its aggressiveness on your estimated retirement date. While this is better than nothing, there are some disadvantages to this style of fund. The main con of this is that it is more of a one-size-fits-all at your age type of investment. It’s not custom-designed to you, your goals, or your risk tolerance.

We can help you with your plan and make the investment decisions on how to allocate your retirement money and contributions. The best way to do this is to work with you and develop a personalized financial plan, and then invest your retirement account based on you. Another benefit is being able to see the expenses of the fund and review the historical performance of the funds you have available within your retirement plan.

We also cannot change how much you put into your retirement plan, making sure you maintain control over your contribution amounts. By using Base Wealth Management for this, we also give you the ability to see all of your accounts in one central location within our client portal. This will simplify your investments and help create a cohesive plan without guessing what your accounts are invested in and where they are all located.

If you are interested in learning more about managing your 401k or creating a financial plan, please go to our website baswealthmanagement.com. And subscribe to our channel for more content. I’m Kyle, a financial adviser, and I’ll see you on the next one.

Choose your advisor

Dan DiLascia

Sean Koscho

Kyle
Howell

Josh
Pisa

Schedule a Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

SUBSCRIBE TO OUR YOUTUBE CHANNEL!

Click here to go to our YouTube channel and subscribe for weekly financial updates and more! We’d love your help to in getting to 500 subscribers!

Register for our Open House event!

2022 Tax Document Information

As a Base Wealth Management client, you should receive your paper tax documents via mail in the coming weeks. Or, if you previously had an online account with Pershing’s NetX360, you should be able to access your 2022 tax documents through that portal. 

If not, or if you experience any issues, please reach out to Tim O’Brien (tim.obrien@intervestintl.com).

Get a FREE Solo 401(K) Guide

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Roth 457 Guide!

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Roth 401(K) Guide

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE Solo 401(K) 2-Pager for FireFighters

Simply submit your name and email to receive a PDF straight to your inbox.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
 *We protect your data and HATE spam.
 

Get a FREE copy of Divorce the IRS

If you would like to request a physical copy of Divorce the IRS, please fill out the form below.

"*" indicates required fields

Name*
Address*
This field is for validation purposes and should be left unchanged.
 *This book is most suitable for households with $250K or more in investable assets.
 

OOPS!

You’ve stumbled across an element that isn’t quite ready for the web yet. We’re working on a lot of new features so stay tuned.

-The Base Wealth Team