This post is sponsored by Bloom, but the content and opinion expressed here are my own.
If you are like me – and most Americans – thinking about your 401K is enough to give you a headache. It’s financial jargon that most people don’t take seriously in their 20s and 30s.
However, that is the most important time to start planning your 401K and retirement. It’s just part of becoming an adult…preparing for the days when you want to retire from your job and have a stable nest egg to live off of.
And just because you may have a 401K through your employer, don’t assume you are set for life. There are many options when it comes to planning your financial future, and if you don’t make the best decisions (and monitor those choices), you may not have as much money as you think you would when it comes time to retire.
Fixing your 401K with Blooom
An option for you could be Blooom. According to blooom, this is a financial advisor that lets you take control of your finances for the future. Their website provides the advice and help you need to make the right choices and set yourself and your family up for retirement.
So, how can Blooom help?
Promote Financial Confidence.
According to Blooom, 71% of their new prospects and clients state they are not confident in the choices they made for their 401K. Most don’t understand it, so they just put it “out of sight, out of mind” to deal with later.
And that’s easy to do. With life, work, kids, a home, and hobbies, it’s easy to think about 1,000 other things than plan your retirement.
But with Blooom, they state that you can get the assistance you need to tackle your 401K with confidence!
Minimize Hidden Fees.
There are many hidden fees associated with investing, and if you don’t know what to look for, you could be losing thousands of dollars in your lifetime.
Know How You’re Invested.
When you set up your 401K, you likely chose things to invest in. This is how your money grows over the 30 or so years you work. Blooom says many people sign up and admit they don’t have a clue where their money has been invested.
Blooom can take care of this information for you. According to their free analysis, they can tell you where you are invested, and why, at any time – which they say can give you the peace of mind to worry about more pressing issues in your life.