How to Know If Your 401k Is Properly Structured

Managing Your Financial Future with Lucia Capital Group

The 401k is designed to be a “set it and forget it” type of retirement plan: Set your allocation based on your age and risk tolerance, then contribute money each pay period, and let compounding do its job from there. And that’s a good thing.

But part of the potential success of your 401k plan has to do with how it’s structured to begin with. You may have an overwhelming number of investment choices which may cause you to just take what seems to be the simplest route. But doing that may actually curtail your chance of reaching your retirement plan goals.
How should you set up your 401k to give it the best potential chance of success? Podcast host Johnny Dean and Lucia Capital Group Wealth Manager Ronnie Sanchez tell you what you need to do on this week’s episode of Managing Your Financial Future!