Take charge of your 401k account

What Should I Do With My 401k Account?

Your 401k account — technically a 401(k) account — is one of your best wealth building tools! But unfortunately, most people don’t know how to use their 401k account to make the most of their retirement opportunities.

The single most frequent question I get, is how to best invest a 401k account. However, there isn’t much public information on how to maximize your 401k returns. (Sure, there is plenty of material trying to sell you on mutual funds or a specific service. But I don’t consider that “good information.”)

That’s why I put together this 7-part series on investing your 401k account. In this series, we’ll cover a number of important investment topics. And I’ll give you some tools that should help you exponentially increase your investment returns.

This 401k Account Series Includes:

How to get the most out of your 401k: Your 401k is a benefit that you receive as part of your employment. But many investors aren’t taking full advantage of this benefit. Make sure you’re not leaving money on the table (or in your employers wallet).

Active versus passive investing: Many investors want to pick a single mutual fund or a basket of funds rather than actively investing in specific opportunities. Both approaches have their place, and we’ll explore the advantages and disadvantages of each.

How to use dividend stocks to boost returns: Dividend payments are a great way to generate cash flow in your account. This class of stocks also has other features that can help minimize your risk and boost your returns.

How discount bonds can add growth and income: Most people have a narrow understanding of how bonds work. Buying high yield bonds at a discount can add significant profits to your 401k account, while also increasing your investment income.

A special transaction that pays you instantly: This powerful strategy can literally instantly add cash to your 401k account. And at the same time, it could give you an opportunity to buy shares of stock at a discount. That’s a win / win scenario!

Common pitfalls to avoid with your retirement account: There are a few key mistakes that many investors make in their retirement accounts. These mistakes can ultimately cost thousands of dollars (or more)! Make sure you’re avoiding these pitfalls.

Three options to consider when leaving your job: If you change jobs or retire, this gives you an excellent opportunity to make changes to your retirement account. Here are some options to make sure your hard-earned money continues to work for you.

I Want to Hear What You Think!

Hopefully, this series is a great resource for you and your family. If you have questions or comments, please leave them in the comment section below this article.

And please make sure that you sign up for my investment newsletter so you can get the most up-to-date information about the investments that matter most for your retirement.

Here’s to a safe and growing retirement account!

Zach Scheidt