Articles

Ask a 401(k) Advisor: 7 Keys to 401(k) Success - Part 2

By Bruce Smith | June 19, 2017

What financial strategies should you focus on when investing in a 401(k) retirement plan?

In this article, we continue the conversation, started in Ask a 401(k) Advisor:7 Keys to 401(k) Success - Part 1, to explore the other areas, we feel, are essential to having a successful 401(k) experience.

5. What is Your Risk Tolerance?

There is risk in virtually every activity, meaning it is impossible to eliminate risk entirely from our lives. The best we can do is manage the risk to which we expose

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The Rational Investor: What Does It Really Cost to Invest?

By Jeremy Sorci | June 07, 2017

Anyone who has invested has had understandable questions such as “What are my fees?” “What are my expenses?” and “What are my investments costing me?”

Answering these questions directly is difficult, due to the wide variety of terms, phrases and conditions that have been created by investment professionals and the financial industry, itself. Has the industry, as a whole, created this confusion intentionally? We think it is a very fair question. For example, some financial advisors would like you to believe that fees and expenses are the same thing. 

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The Rational Investor: 10 Tips to Shape Up Your 401(k)

By Bruce Smith | March 21, 2017

How's your 401(k)? If you're like many Americans, you may not have thought about your employer-sponsored retirement savings account in a while.

And while many take a "set it and forget it" approach to their 401(k), that could mean they are not taking full advantage of this retirement planning opportunity. As more Americans rely on their own savings for retirement, it is very important to consider ways to maximize the performance of your 401(k). 

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Can an Investment Professional (Legally) Mess Up Your Retirement?

By Teresa Conley | March 15, 2017

Is your investment professional a fiduciary, legally bound to put their clients' needs and interests above their own?

At Premier, we believe that all investment management firms should offer advice that puts the client's interests first, rather than simply recommending financial products that are "suitable" -- and that end up making the investment professional a healthy commission. As a result, some investors may not be getting all they could from their retirement planning efforts. 

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Your 401k Plan: How Much Should You Contribute?

By Jeremy Sorci | February 08, 2017

We understand that saving isn't always easy. Thanks to day-to-day living expenses and that occasional, inevitable, or unexpected big expense like a car repair or a leaky roof many people have no shortage of ways to use their monthly income. 

But the good news, as our 401(k) advisors will tell you, is that even if it doesn't seem like a lot, putting those extra dollars away for retirement can make a big difference over time. Any amount is good place to start, but with your long term goals in 

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The Rational Investor: 7 Investment Accounts to Consider

By Jeremy Sorci | February 02, 2017

Do you feel confused about which retirement savings accounts you should be contributing to? You're definitely not alone; our retirement planning advisors field questions about retirement savings accounts and options every day. 

In fact, a recent survey of more than 1,000 401(k) plan participants found that almost half of those surveyed didn't feel confident about their retirement investment decisions, and about a third felt pretty stressed out over it. Fortunately, there are a number of plans available to help you save for retirement -- and our retirement investment advisors can help you decide which options are best for you. 

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The Rational Investor: How to Rollover Your 401(k)

By Jeremy Sorci | January 21, 2017

At Premier, our advisors work with the participants of company 401(k) retirement plans to help them simply and systematically accrue savings for retirement. 

But when the time comes to move to a new job (or overtime, jobs) what's a worker to do with each 401(k) they create along the way? Considering that the average U.S. worker stays at a position for about 4.4 years it is easy to see how 401(k) plans could begin to stack up! That easy-to-overlook retirement account(s) now begs some difficult decisions as there are a wide range of ways to roll it over. 

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Note To Self: Don't Neglect Your 401k

By Bruce Smith | November 22, 2016

Is your 401k feeling lonely? Does it exist somewhere in that no-man's-land between neglected and completely forgotten? If so, you're not alone; many investors have a "set it and forget it" mentality when it comes to their 401k.

However common it may be, ignoring your 401k isn't the best of financial strategies. Without a bit of attention now and then, this retirement plan probably won't work as hard for you as it should. Here's what 401k advisors have to say

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Retirement Planning Checklist: How Should I Prepare?

By Bruce Smith | September 22, 2016

While we all know we need to prepare for retirement, "How should I begin?" is one of the most frequently asked question we hear.  

1. Start the Retirement Planning Process by Setting Your Goals 

Start your journey toward retirement by creating a set of goals. You probably already have a good idea of how you want to spend your retirement, so now's the time to put those dreams and goals into writing. 

Setting down specific, descriptive -- and realistic -- goals will help you define the

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Got an Orphaned 401k? 401k Rollover Options

By Bruce Smith | August 16, 2016

Clients often come to our 401k advisors with questions about old retirement accounts that they've "left behind" when they've moved on to another job with a different employer. It's easy to understand; after all, the average American works for seven employers over the course of their working lifetime and it's all too easy to leave that retirement account behind. 

Overall, more than half of the U.S. workforce have left an employer-sponsored retirement account, like a 401k, behind when they've taken another job. Altogether,

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