My goodness, the Minnesota State Fair starts today! Next week is the last week of August. Labor Day is the week after that and then the end of the summer of 2012 is officially over.
I know that my kids are ready to get back to school. Each of them told me separately that they are looking forward to getting back to the predictable schedule of the school year.
Parents and grandparents can also use the fall of the year to take more time to pay much closer attention to their Minnesota company 401(k) retirement plan accounts.
Next week the TV will be off, the video games silent, and the cell phone text messages will drop off dramatically. The textbooks will be open and quite study time will again invade the household.
This new quite study time is a great opportunity for all working adults to dig out their file of current company 401(k) plan account statements. If you can’t find your statements, ask someone at your company to give you the phone number for your company retirement plan provider.
If you don’t feel comfortable or qualified to take on the responsibility to make investment management decisions in your company retirement plan account, you are not alone.
You don’t fix your car. You don’t examine your teeth. And you probably don’t give yourself an annual physical examination.
Why would you think that you have the qualifications and experience to make investment decisions involving hundreds of thousands of dollars?
You insure your home. You insure your car. You even ensure your golf clubs, your patio furniture, and your HDTV.
Why would you not seek professional advice and a risk management game plan on the largest piece of your retirement assets?
Just like your kids and grandkids, use this new study time that comes with the back-to-school season in late August. Find an investment professional who is experienced in providing common sense investment advice regarding your company 401(k) retirement plan account.