{"id":2014,"date":"2018-06-29T03:00:27","date_gmt":"2018-06-29T08:00:27","guid":{"rendered":"http:\/\/kerryaclark.com\/blog\/?p=2014"},"modified":"2018-06-28T10:35:47","modified_gmt":"2018-06-28T15:35:47","slug":"your-benefit-not-theirs","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/your-benefit-not-theirs\/","title":{"rendered":"Your 401k Is Your Benefit Not Others"},"content":{"rendered":"

A Real Plan For Retirement Funding – Part 1<\/span><\/h2>\n

Have you given much thought to saving money for your future? \u00a0<\/span>
\n<\/span>
\n<\/span>This is a trick question, even though a common question. \u00a0You can\u2019t really save for the future because the future is a day that you\u2019ll never reach. \u00a0You need to avoid ambiguous thinking like this. You need to give your future a date (i.e. the date of your 65th birthday). \u00a0You need to be very specific when it comes to planning if you want to have a successful outcome. Don\u2019t cut corners on yourself, your life, your family,…your business. \u00a0This is your life, your business and it requires planning to get the results you desire.<\/span>
\n<\/span>
\n<\/span>Even saving using a company provided 401k requires you to know the date of when you plan to use your savings or what you\u2019re going to do with it. \u00a0Having no date in mind for your 401k investment is like having a life insurance policy, which we\u2019ll talk about later. Your 401k isn\u2019t for others to benefit from your death, it\u2019s for you to benefit at some predetermined date that\u2019s just years away, not some mysterious date that you\u2019ll never see. \u00a0Since we\u2019re on the subject of 401k benefits or investments, let\u2019s discuss future.<\/span>
\n<\/span>
\n<\/span>\"\"The New Job With New Benefits<\/b>
\n<\/span>So you\u2019ve started a new job and haven\u2019t received your first paycheck. \u00a0I call this the best time to make some very important financial decisions. \u00a0Before you receive the first check is the perfect time to start saving or make previsions that can be taken from the funds. \u00a0You see, you\u2019re not accustomed to using any amount of the check because you\u2019ve not received it. This potential changes once you get it in hands and in your mind what the actual paycheck amount is going to be. \u00a0So putting provisions in to place before you receive the first check, you\u2019ll never have the opportunity to miss the funds or feel shorted without them. <\/span>
\n<\/span>
\n<\/span>Company matching profit sharing and 401k savings benefits is like getting free money just for putting your money out of reach for a time period. \u00a0If you can make $1 dollar become $2 just by waiting, it\u2019s worth it. That\u2019s your money doubling before your eyes. I know people who have never taken advantage of their company\u2019s 401k matching benefits of up to 10% of their annual pay. \u00a0Let\u2019s just say you make $25 thousand a year, you put 10% (that\u2019s $2500) into your company 401k, and they match it by giving you $2500. You didn\u2019t earn it, you just gained $2500 just for waiting. You used your money to make money. <\/span>
\n<\/span>
\n<\/span>When you\u2019re starting a new job, you should set the max on all your desired benefits. \u00a0In this way, you never miss the money coming out of your paychecks as you would if a year later, you had to reduce your pay by the same amount. \u00a0You\u2019d certainly feel the reduction when done at a later time.<\/span>
\n<\/span>
\n<\/span>Today is Friday!<\/span>
\n<\/span>I\u2019ve learned this valuable lesson the hard way. \u00a0Don\u2019t be like most and miss out on what could be yours, a free gift. \u00a0Did you know that most people miss out on their blessing not because it doesn\u2019t come their way, but rather because they were unable to recognize it when it did show up. \u00a0Remember, this precursor to starting any new job, set your future plan in motion today.<\/span><\/p>\n

The Family Plan Binder<\/a>\"\"<\/a> is available now!

<\/p>\nOur team has worked very hard putting it together. We designed it to help you and your family move the needle forward in making your life your business. \nFind out more about the Family plan here.<\/a><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

A Real Plan For Retirement Funding – Part 1 Have you given much thought to saving money for your future? \u00a0 This is a trick question, even though a common question. \u00a0You can\u2019t really save for the future because the future is a day that you\u2019ll never reach. \u00a0You need to avoid ambiguous thinking like […]<\/p>\n","protected":false},"author":2,"featured_media":2016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,57],"tags":[],"class_list":{"0":"post-2014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting","8":"category-investment-plan","9":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2018\/06\/20180629-TIF-Blog-Your-401k-Is-Your-Benefit-Not-Others.png?fit=760%2C360&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4jb7V-wu","_links":{"self":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/2014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/comments?post=2014"}],"version-history":[{"count":4,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/2014\/revisions"}],"predecessor-version":[{"id":2021,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/2014\/revisions\/2021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media\/2016"}],"wp:attachment":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media?parent=2014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/categories?post=2014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/tags?post=2014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}