• Archambo Financial Advisors

Tools to Help You Build Your Retirement Accounts

Company-sponsored 401(k) plans may feature matching contributions from your employer, and automatic enrollment, rebalancing and contribution escalators, to name a few. Even if you don’t have these options, you can still model your retirement investing behavior after some of these plan features.


Auto Enrollment

If your retirement plan doesn’t offer automatic enrollment, ask what you need to do to join. If you don’t have a workplace plan, make it your mission to research the qualifications and contribute to an individual retirement plan.


Auto Contributions

Before you start a new job, forecast your take-home pay for your monthly budget after subtracting a number like 10% for retirement contributions. (Remember that your contributions will likely be tax-deductible.) Start contributing as soon as you’re eligible.


Auto Escalators

When you get a raise, why not put the extra money into a retirement account? Employers often do this automatically for plan participants who receive raises. If yours doesn’t, request to change your contribution level.


Auto Choice

Some people don’t enroll in 401(k) plans because they don’t want to have to choose among investments. So some employers automatically put employees’ contributions into target-date or balanced accounts for them. Do the same if you don’t want to choose among investment options.


Auto Rebalancing

If you choose your own investments in a workplace or other retirement plan, it pays to diversify.* To keep your portfolio diversified as planned, you’ll need to rebalance it every six or 12 months.


*Diversification cannot eliminate the risk of investment losses. Past performance won’t guarantee future results. An investment in stocks or mutual funds can result in a loss of principal.




0 views

connect

with US

  • Facebook
  • Twitter
FinalColorLogo.jpg

310 South Osage Avenue

Bartlesville, OK  74003 

918-336-2222

Office Hours:

Mon - Thurs 8am-5pm

Friday 8am-4pm

Archambo Financial Advisors, Inc. is a Registered Investment Advisor.  Securities Offered Through Dominion Investor Services, Inc

Memember FINRA & SIPC

cfp_logo_white_outline_horiz_stk (2).png
ad857b185462ccd0b29e2d88f8e90ca3.png
FINRA_Logo_Web_Rev.png