If you’ve ever worked in corporate America, you probably have a 401(k) retirement plan through your current or former employer.
Now, if you’re like most people, you don’t really check up on your 401(k) all that often.
I mean, who’s got time for that?
🤔 What’s In Your 401(k)?
In fact, if I even asked you what your 401(k) is invested in, would you know?
Maybe you would, maybe you wouldn’t.
Now, even if you do know what you’re invested in, when was the last time you checked to make sure your investments were appropriate for you?
💸 Does It Really Matter?
Now, the ins and outs of your 401(k) may not seem like a big deal.
Whether you’re invested 80% in stocks and 20% in bonds or 95% in stocks and 5% in bonds…does it really matter?
Whether your stock investments are large-cap, medium-cap, small-cap…how much is domestic vs. international…if you’re in any REITs…how much of a difference are we really talking about here?
📈 Little Changes Can Make You Big Money Over Time.
Just improving your returns by 1% a year can make a huge difference.
Let’s say you have $50,000 in your 401(k), and it will earn you 6% over time. Increase your returns so that you earn 7% a year will mean over $65,000 more in your 401(k) over 30 years’ time.
And the bigger your 401(k) balance, the more of a difference there is.
📉 Fees Can Kill Your Returns.
Fees are the other thing that can leave you with less in your 401(k) than you would’ve hoped for.
Did you know that the average American will pay $138,336 in 401(k) fees?
But the good news is that by properly optimizing your 401(k), you can pay a lot less fees than the average American.
💰 How Can I Optimize My 401(k)?
A properly-optimized 401(k) can save you tens or even hundreds of thousands of dollars over time.
That’s where Blooom comes in.
When you sign up for Blooom, your 401(k) will immediately be optimized based on the options available to you, and your hidden fees will be minimized.
You will also have a dashboard where you can see the health of your 401(k) at a glance. There are no complicated algorithms, confusing fee structurs, or charts needed to understand your 401(k).
Blooom will also constantly monitor your 401(k) for even further optimization over time, rebalancing your portfolio every 90 days.
🤑 Does Blooom Make Money Off My Funds?
No! Unlike most financial institutions, Blooom does not take a percentage of your assets.
It simply charges a $10 monthly fee to oversee your 401(k).
That’s it. No hidden costs or confusing fee structure.
💯 So Is Bloom Legit? Or Is It a Scam?
Blooom is legit! For a low monthly fee, it will keep your retirement on track.
Blooom has also been featured in publications like The Wall Street Journal, Forbes, and Barron’s.
💵 Are You Ready to Start Maximizing Your 401(k)?
So if you’re ready to start optimizing your 401(k), click here to sign up for Blooom.