Winners and losers are difficult to pick in the NBA or NFL, but in my 27 years in the financial planning business I have noticed one almost sure thing. People who use their 401 (k)’s effectively are more likely to retire financially independent. A recent survey by Wells Fargo confirmed:
- Those who saved consistently from the start of their career have 7.5 times as much in their retirement savings compared to those who were not consistent.
- Those who had more started earlier at an average age of 25 verses 33.
- Consistent savers had access to a 401 (k).
Implementing a quality 401 (k) plan and encouraging saving for retirement isn’t just providing a nice benefit to offer—it literally changes people’s lives. To read more about the study click here.
For more about the 401 (k) Shield click here.
Or contact:
David M. Wheat, ChFC. AIF
Axiom Advisors, LLC.
[email protected]
800.769.1287 ext. 103
www.axiom123.com
Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning Services offered through Axiom Advisors, LLC, a Registered Investment Advisor. Axiom Advisors, LLC and Cambridge Investment Research, Inc. are not affiliated.