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Is Your 401k Similar to a Game of Pin the Tail On a Donkey

13 April, 2017



Investing for your future is important, but did you know that being in the right investments is equally important?

CNBC recently surveyed 1,000 people who are actively enrolled in their company plan.
They found that 52% of them were more confused about their investment plan options than they were about their health insurance plan.
46% did not know what their best investment options were and 34% felt a great deal of stress over correctly allocating their money.

No big deal as long as I invest consistently right?
Let’s look at the math.
7% is a typical return advertised by annuity companies as a “good” return as they try to sell you a product based on scare tactics…………Sorry. That is a story for another day.

Say you invested $200 per month for 30 years and gained 7% interest, you would end up with $245,617.

However, the S&P 500 (which tracks the top 500 companies) has averaged 11.85% interest since its inception.
The same $200 per month for 30 years at 11.85% would end up at $683,000!

They say ignorance is bliss, but in this example ignorance would cost over $400,000.

It’s time to learn and if you can’t find the knowledge you need, call me. It’s not worth loosing your dream retirement over.

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About

timparady

My name is Tim Parady and I am 36 years old. I was born in Connecticut, raised in Virginia, had a brief layover in Kansas which led me to Texas where I met my wife and best friend. We just celebrated 145years of marriage.
I have the best job in the world, which is to improve peoples lives. I teach people how to win in all areas of there money, which affects all areas of their lives.
78% of Americans live paycheck to paycheck, with no money in the bank and little knowledge of how to invest for their retirement. You can have a different future. You can win with money and I can show you how.
I am an independent Dave Ramsey Financial Coach,and Insurance Agent at Alkali Insurance and I am here to serve you. My goal is to provide knowledge and tools to change your life. To schedule an appointment to address your financial needs and goals, email me at tim_parady@yahoo.com



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