No one said being an adult was easy. I have a growing list of “adulting” activities that I need to cross off because most of them are too intimidating to me. The first to get crossed off my list – Fix your 401k.
I recently signed up for my 401k through my company to stop that nagging feeling that I was not saving for my retirement. I guess saying “that’s a problem for future Lauren” wasn’t going to cut it.
But I found out quickly, my company couldn’t help me figure out all the legal jargon and paperwork that comes with setting up a 401k. I had questions like “What percentage of my paycheck should be saved?”, “What should I be investing in that will help me reach my long-term goals?”.
So I set up my account on my own and hoped for the best. This is not the best idea because your 401k should not be DIY.
Enter Blooom.
Blooom is a low-cost financial advice solution that believes everyone should have the right to retire. The advisors at Blooom are retirement experts who were tired of managing money for millionaires. They leveraged technology to bring the same financial help to the masses!
Through their free 401k analysis, I was faced with so many questions that I couldn’t answer. I had no idea what funds I had invested in or if my portfolio was based on retirement horizon and risk profile. Going through their analysis, I felt like I was actually
Going through their free analysis, I felt like I was finally being an adult because Blooom could help me with these answers AND get me right on track.
With their service, you can get:
- An analysis of your current employer-sponsored retirement plan and uncover any unnecessary hidden fees
- Optimization of your funding choices
- Piece of mind that your nest egg is expert hands
With financial experts watching over your money, you now have the freedom to focus on other adulting activities like learning how to jump-start a car battery or properly hang pictures!
5 responses
wow, never heard of it. May give it a try. Also, I am loving your pictures and that coat!!
have a great day
http://www.malibluemymind.com
I both hate and love that I saw this. Hate because I’m so unprepared, love because I need to get on it! Thanks!!
Awesome post! 401Ks can be super tricky and risky. Choosing the right investment is key- glad to hear you got some great help!
I am in the process right now of taking care of this kind of decisions. It. is. a. mess. So many decisions, so many options, so many things that I don’t know and don’t understand. Too bad that we don’t have this kind of service where I live…
Ioanna | A Beauty Lover’s Stories
401ks are so tricky. Your post really helped me understand the investments better!