5 Ways to Crush Your 401(k)

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]

Crush Your 401(k) With Blooom

[/vc_column_text][vc_empty_space height=”13px”][vc_separator type=”normal”][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_single_image image=”19354″ img_size=”large” qode_css_animation=””][vc_empty_space][vc_column_text]Your 401(k) is one of the best retirement savings accounts in the game because of these three primary benefits.

1. Free Money. Many employers offer what’s known as a 401(k) contribution match, which means they will deposit money into your 401(k) when you do, up to a certain percentage of your salary. The common employee matches are between 3%-5% and you should always contribute at least that much to your 401(k) so you can get the match. It’s completely free money!

2. Tax Advantages. The biggest benefit of investing in a 401(k) is that you are able to invest the money tax free because every dollar that you invest you can deduct from your taxable income. While you do have to pay taxes on the money with you withdraw it, your money is able to grow and compound for many years.

3. Flexibility. You can contribute as much or as little of your salary as often as you want, as long as your total contribution for the year doesn’t go above $18,500 for your own contribution. If your employer offers a match or a profit-sharing plan you can actually put a lot more money in each year in total.

But many people who invest in a 401(k) spend too much in fees, don’t have the right stock/bond allocation, or they aren’t taking full advantage of this powerful retirement account. While it might be confusion or take you a long time to figure out how to best invest the money in your 401(k) there is an amazing tool that does it for $10 a month and it might be the highest ROI $10 a month you can spend.

Use Blooom to crush your 401(k)

Meet Blooom – an online service that helps you optimize your 401(k) (or 403b, 457 and TSP) and make the most money with it. You can get a Free Analysis in as little as 5 minutes. Use this link to analyze your 401(k) performance for free.

Blooom will manage your 401(k) for you, while helping you get the most out of your investments. This is accomplished by a robo-advisor that rebalances your account every 90 days (if needed) so you know that your account has the right balance of stocks and bonds. Every time your account is rebalanced Blooom sends you an alert and you can easily login to your dashboard to check out the changes.

Try Bloom For Free. It’s legit.[/vc_column_text][vc_empty_space height=”64px”][/vc_column][/vc_row]

Join Us

Get free access to Grant's best tips, exclusive how-to's, videos and checklists - sent straight to your inbox.

Unsubscribe at any time.