Join me @ IBOtoolbox for free.
Larry Ellner
Member Since: 3/3/2014
  
performance / stats
Country: United States
Likes Received: 247
Featured Member: 0 times
Associates: 594
Wall Posts: 545
Comments Made: 149
Press Releases: 230
Videos: 2
Phone: 785-288-0502
Skype:     LarryEllner
profile visitor stats
TODAY: 52
THIS MONTH: 1148
TOTAL: 257263
are we ibo associates?
active associates
Whitney Jacqueline    
Last logged on: 7/17/2019


Sandy Blomstrom    
Last logged on: 7/17/2019


Abe Taddesse    
Last logged on: 7/17/2019


James Randolph     
Last logged on: 7/17/2019


Zoey-Red LeFey     
Last logged on: 7/17/2019


Dee Jay Williams    
Last logged on: 7/17/2019


Joe DuBose    
Last logged on: 7/17/2019


Phil Schaefer    
Last logged on: 7/17/2019


PHIL SCHAEFER    
Last logged on: 7/17/2019


Mark Turnbull    
Last logged on: 7/17/2019


Bob & Shirley Rushing    
Last logged on: 7/17/2019


Linda Michel White       
Last logged on: 7/17/2019


Pauline Burke    
Last logged on: 7/17/2019


Emmanuel Mba    
Last logged on: 7/17/2019


Katarina Hofbaur  
Last logged on: 7/17/2019


other ibo platforms



Larry Ellner   My Press Releases

Common Mistakes Can Put Your Retirement At Risk

Published on 5/24/2016
For additional information  Click Here

Common Mistakes Can Put Your Retirement At Risk

 

                            

 

Believe it or not there are many mistakes that can be made along the way when it comes to financial retirement savings and investing. Unfortunately a good many of these mistakes center around the 401(k), which can be a tremendous boost to your retirement plans when used properly in order to build your portfolio. The problem is that the mistakes are often the only things we hear when it comes to retirement plans and investing. I suggest begin with the mistakes so that we can move along to better information and advice in the near future.

 

The first and perhaps largest mistakes that people make when it comes to 401 (k) plans is not signing up. Yes you heard that right. What people do not understand is that this is something your employer offers so that you can have some security for your future. It is a manner of saving money for your future that shouldn't be overlooked or taken for granted. Even a bad 401 (k) plan is better than no 401 (k) and with strict regulations those are few and far between. More importantly, if your company offers to match the funds in your 401 (k) plan not taking them up on that offer is literally tossing money in the garbage can.

 

The next big mistake when it comes to your 401 (k) is risking too little. Rewards come with risk. If you aren't taking any risks with your investment then you are by and large throwing money down the drain. In addition to that, it is nearly impossible to meet your retirement goals without taking some risks, and some hits along the way. This doesn't mean you should be reckless but along the way you are going to need to take some calculated risks in order to receive the bigger payouts that most of us hope for when investing in their retirement funds.

 

Risking too much. There are many risks involved when investing in the stock market. There are a few that deserve a little more mention than others. First of all, stocks present a fairly large risk, particularly to the uninitiated. While it is true that great rewards are most often the product of great risks you do not want to risk the bulk of your retirement by investing it all in stocks. Another thing you want to avoid doing if at all possible is investing in your company stock. We've seen too many lives destroyed when companies go under taking the financial stability of their employees along with them. Many companies offer incentives to employees for investing in their stock, which may be tempting but I recommend investing as little as possible in your company stock whenever possible as this could lead to problems down the road.

 

Finally, the worst thing you can do for the health of your 401 (k) is borrow against it. There are so many ways in which this could go wrong and the penalties for this are more than a little prohibitive. They are designed to be that way so that you will use the funds for their intended purpose. If you absolutely have no other option is the only way I would recommend borrowing against your 401 (k) and I would seriously consider selling a kidney before doing that.

 

When it comes to your financial retirement, 401 (k) mistakes can be far more costly than you may realize. Work to avoid these common mistakes and you should be well on your way to a successful retirement.

 

Unfortunately 50% or more of impending retirees are under water in their Retirement Planning.

  • The Banking Crisis
  • The Recession
  • The Real Estate Meltdowm

Has mitigated the ability of many to retire comfortably.

They're facing the possibility of being unable to retire or a substantially reduced Retirement Lifestyle.  If you're one of these people my message to you is: It doesn't need to be that way.  You have options but you need to act soon; today if possible.  We work every day with folks just like you and we know how to "get your acorns out of the fire.

Click this link  Free Consultation to get the ball rolling.

Quote Of The Day

 

                          

 

Your partner in success,

 

Larry Ellner

https://www.facebook.com/RetirementRescueCoaching/

P.S. Here's the system I recommend to make money online…

 

FULL DISCLOSURE: You should assume

the publisher of this Press Release has an affiliate

relationship and/or another material connection, to any suppliers

of goods and services that may be discussed here, and may be

compensated for showing ads or recommending products or

services, or linking to the supplier's website.

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.