How often do you check your 401k statement?

Straight up!! "How often do you check your 401k statement?"

Blank stare.

That's normal guys. And as a insurance agent, I promise. We don't ask you this to make you feel bad?

We TRULY ask you this to understand how we can add value to your lives and help you create and save money while most importantly, protecting your money.

#1 Rule - don't lose DINERO (that money, currency, cheese, scratch, paper doe, capital, bread) whatever you call it.

If you were going to design the perfect investment, ideally it should be/have the following:

Tax-deductible / Tax Advantaged (tax deferred growth and income tax-free monies) Safe principal that never loses value / Potential for growth and return / Instant Liquidity

Ask yourself, "Where are places people put money?”

Stock Market

Stock market, including bonds and mutual funds, are for investing after, ok I'll say it again, AFTER you have about 6 months of savings (yeah-emergency funds) Can't have fun before you have funds... So let's talk about it!!

Pros –

• Liquidity, most assets of this type are liquid with a call to your agent

• Growth

Cons –

• Safety of Principal- I know people argue that the stock market is a great way. Honestly, if your company matches, GET THAT FREE MONEY But remember the old saying: Don't put all your eggs in one basket.

• Tax deductible and tax advantaged

These assets are not tax-deductible and have no tax advantages except in certain cases. Of course, growth and returns are possible but these assets can fluctuate with market crashes.

We all know the story of 911 & here recently COVID. If you don’t know if you lost money… PLEASE stop right now and check your statement for loss last year

Ok! Now I have 2 questions for you, How much did you lose? Are you okay with losing money?

2001 people lost money.

2007 recovered then got hit by another tragedy.

Some of you may remember the lost decade, 2010.

"During all these tragedies people were looking to retire and guess what? Yup, they were NOT able to due to massive financial loss. How would YOU, yes, YOU feel if that happened to YOU?"

Next, don't let it be YOU. Ask yourself – "What’s another place to make money with a good rate of return?"

If you don't know. ASK ME!?! I'm in the money game & we welcome you

KimCisyourFavAgent

#retirement#money#savings#financialfreedom#financialplanning#lifeinsurance#entrepreneur#smallbusiness#personalfinance#wealth#financialliteracy#currency#finance

DM to stop the bleeding ♥