Do You Know the 411 On Your 401(k)?
July is National Retirement Planning Month
A new study released this week reveals that many Americans will come up short on their retirement savings:
- Over 40 percent of people with the lowest incomes face prospects of depleted savings within 10 years after retirement, with that number climbing toward 60 percent after another decade
- Almost 50 percent of early baby boomers are not expected to have enough money to cover basic living expenses like food, utilities and health care through retirement
- 44.5 percent of members of Generation X (36 to 45 years old) are expected to run out of money during retirement.
And one of the biggest contributors to currently over 40 million American’s retirements funds is the 401(k). For many workers, having savings in a 401(k) plan can make the difference between security and struggle in retirement. But how long you’ve been in a 401(k) plan and how much is being put into it is the number one factor to show if you’ll have enough retirement income.
However, for many workers their 401(k) balances are still relatively small.
Retirement advisor and financial commentator Bill Losey can help your viewers learn the 411 on their 401(k) – everything they need to know about this important piece to their retirement puzzle.
With over 20 years coaching men, women and couples on their retirement needs, Losey will make sure your audience understands:
- What happens to your 401(k) when you retire
- Tips for navigating your employers 401(k) plan
- IRA vs. 401(k) – what’s the difference and should you have both?
- How your 401(k) is affected if you change jobs, quit or laid off
- When you should consider rolling over your 401(k) to an IRA
About Bill Losey:
Bill Losey, CFP®, CSA, America’s Retirement Strategist®, is a highly sought-after advisor, retirement authority, thought-leader, author and national TV personality because he makes the complicated and mundane topics of investing and retirement fun! Bill has over 20 years experience in the financial services industry and is a Certified Financial Planner practitioner, a Certified Senior Advisor and Certified Retirement Coach. He is the author of Retire in a Weekend! The Baby Boomer’s Guide to Making Work Optional (a finalist at The Indie Excellence Book Awards), Founder of National Retirement Planning Month, and he publishes Retirement Intelligence®, an award-winning weekly newsletter that reaches thousands of subscribers worldwide. For a complete bio and media demo, please visit, www.myretirementsuccess.com.
Retire in a Weekend! can be purchased from www.retireinaweekend.com and www.amazon.com
Website: www.BillLosey.com
