PROFESSIONAL 401(K) ACCOUNT MANAGEMENT

When you think about your retirement, what does it look like? 

· Do you see yourself visiting friends, spending time with family, and pursuing activities you never quite had the time to do while you were working? 

· Do you imagine you and your spouse traveling the world and seeing all that it has to offer? 

· Do you want to live comfortably and securely knowing that the savings you've spent a lifetime building will have little to no chance of ever running out?

All of this can be possible, and it starts with one of the most commonly used retirement savings tools available to U.S. workers today: the 401(k) plan. 

For the majority of people, a 401(k) is the core of your nest egg building strategy. Contribute often and manage it well, and you’ll absolutely be able to achieve that picturesque vision of the retirement lifestyle you’re after.

Yet, for so many, knowing how much to save for retirement or even how the process works is a mystery. To make matters worse, too few employers regretfully never stress the importance of a 401(k) let alone provide any education on what to do with one. 

Together, this has led to a distributing trend of many Americans being completely unprepared for retirement, and the numbers show it.

According to recent data, the average 401(k) balance for employees in their 50s was just $160,000. If we use the 4 Percent Rule as a ballpark for making withdrawals, then a nest egg of this size is only going to provide you with roughly $6,400 per year to cover your living expenses. That’s unfortunately not quite the golden years you were probably hoping for …

Our position: Don’t let yourself become another statistic! Whether you’re getting close to retirement or just starting your career, Clearstone Wealth Management (CWM) is here is to guide you into a successful and secure retirement. Let us help you to build the life you’ve worked so hard to achieve.