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How can a financial advisor help with my 401(k) plan?

Here are some of the ways a financial advisor can help with your your 401 (k) plan: An advisor can help you understand how your 401 (k) plan works and answer any questions you may have. A financial advisor will help you identify which funds to invest in based on your goals, and adjust those choices over time as your goals evolve or change.

What is a 401(k) plan?

What is a 401 (k) plan? A 401 (k) plan is a tax-advantaged retirement plan offered by employers. The plan allows employees to set aside a certain percentage of their salary each year for their 401 (k), where the money can then be invested and grow tax-free until retirement age.

Do you need a 401(k) advisor?

The advisor can be a sounding board for your investment choices. And they lend a steady hand encouraging you to stay the course when emotions take over during a market downturn. Advisors also can incorporate your 401 (k) plan balances and investments into your overall financial planning.

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