There are many things we can be grateful for this Thanksgiving. Our families, our friends, our jobs, our country. When I think of Thanksgiving I always picture Norman Rockwell’s Four Freedom’s paintings: Freedom from Want, Freedom from Fear, Freedom of Speech and Freedom of Worship.
While 401k plans may not be the perfect retirement plan vehicle, they do have a number of important attributes that most of us probably take for granted:
Freedom to direct investments
Isn’t it wonderful to know that you have control over your 401k plan account and if you manage it correctly you can end up with a fantastic retirement?
Freedom and ability to accumulate retirement savings
We live in a country and at a time when many of us are able to earn more than enough to live on. We can actually save some of our earnings for our retirement. Our economic system, entrepreneurial spirit, and work ethic make this possible and are unique in the world.
Freedom of fear from loss
Our 401k plan savings are tucked safely away in trust accounts. Free from interference from our employers and the government. Laws exist to preserve our 401k accounts in the event of our bankruptcy and protect them from seizure by creditors. These, and a number of other features, give us solid reasons to believe in the possibility of retirement.
Freedom to get smarter and obtain help
Many website tools are available to help 401k participants become better investors. And nearly all plan participants have the option of receiving investment advice from a professional associated with their plan. These services are available to most participants at no charge! Nothing stands in the way of a motivated saver who wishes to create the retirement of his/her dreams.
I hope you and your family enjoy a wonderful Thanksgiving!
Robert C. Lawton, AIF, CRPS is the founder and President of Lawton Retirement Plan Consultants, LLC. Mr. Lawton is an award-winning 401(k) investment adviser with over 30 years of experience. He has consulted with many Fortune 500 companies, including: Aon Hewitt, Apple, AT&T, First Interstate Bank, Florida Power & Light, General Dynamics, Houghton Mifflin Harcourt, IBM, John Deere, Mazda Motor Corporation, Northwestern Mutual, Northern Trust Company, Trek Bikes, Tribune Company, Underwriters Labs and many others. Mr. Lawton may be contacted at (414) 828-4015 or firstname.lastname@example.org.
Lawton Retirement Plan Consultants, LLC is a Milwaukee, Wisconsin-based independent, objective Registered Investment Adviser (RIA) providing investment advisory, fiduciary compliance, employee education, provider management and plan design services to 401(k) plan sponsors. The firm currently has contracts in place to provide consulting services on more than $400 million in plan assets. For more information, please contact Robert C. Lawton at (414) 828-4015 or email@example.com or visit the firm’s website at: http://www.lawtonrpc.com. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance, tax, legal or investment advice. Each plan has unique requirements and you should consult your attorney or tax adviser for guidance on your specific situation. In no way does Lawton Retirement Plan Consultants, LLC assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations. Investors should carefully consider investment objectives, risks, charges and expenses. The statements in this publication are the opinions and beliefs of the commentator expressed when the commentary was made and are not intended to represent that person’s opinions and beliefs at any other time. The commentary does not necessarily reflect the opinion of Lawton Retirement Plan Consultants, LLC and should not be construed as recommendations or investment advice. Lawton Retirement Plan Consultants, LLC offers no tax, legal or accounting advice, and any advice contained herein is not specific to any individual, entity or retirement plan, but rather general in nature and, therefore, should not be relied upon for specific investment situations. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser and accepts clients outside of Wisconsin based upon applicable state registration regulations and the “de minimus” exception.