I recently read a great article at 410khelpcenter.com by Liz Davidson. Please see below.
Negative behaviors such as using the 401k plan as an emergency fund instead of a long-term retirement savings account and taking excessive loans and hardship withdrawals is a symptom of a bigger problem among the employee population. The same is true for impulsive investment decisions that could ultimately delay employees’ retirement. When employees try to time the market instead of sticking with time tested investment strategies such as asset allocation, rebalancing, and dollar cost averaging, their investment performance suffers. Effective employer solutions treat the root cause of the problem rather than focusing on the symptoms.
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To read more, please visit the 401khelpcenter.com article link.
Integrity Financial Corporation’s flagship 401k client is the Association of Washington Business (AWB) in Olympia. AWB is Washington state’s premier advocate for the business community and is recognized as The State’s Chamber of Commerce. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. www.brightscope.com
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