Our experienced team is here to offer you ongoing guidance and planning.
Our experienced team is here to offer you ongoing guidance and planning. At McGrath Advisors Inc., we help you learn how to navigate what is possible. Our fiduciary promise is to uphold the highest standards of integrity, honesty, and commitment to do what is right for our clients, no matter what. Client education is a top priority. We pride ourselves on helping you make informed financial decisions. Retirement planning services are one of our specialties. The team at McGrath Advisors Inc. is focused on being responsive to client needs and providing innovative solutions to help you achieve a life well planned.
A 401(k) plan is an employer-sponsored, defined-contribution retirement savings account that allows employees to allocate part of their salary towards retirement in a tax-advantaged way. Funds go into the 401(k) before taxes are taken out, so these funds are called pre-tax. Money is then invested into various investment vehicles such as stocks, bonds, and mutual funds chosen by the plan provider and individually selected by the plan participant. Some employers match a percentage of employee contributions. A 401(k) investment advisor will assist individuals in making the most out of their employer-sponsored 401(k) retirement account. They can also be an invaluable resource to business owners who offer 401(k)s or are considering it.
401(k) plans can be complex and have individuals either making uncalculated decisions or not making decisions at all regarding their 401(k) investment allocations. A 401(k) investment advisor is a financial professional who can help employers develop plans that work for them and help plan participants make sound decisions in retirement savings. It is important to remember that not just any financial advisor will be the right fit for you. When considering a 401(k) investment advisor, consider one who has the Accredited Investment FiduciaryⓇ(AIFⓇ) designation. The AIFⓇ designation holds the advisor to the highest standards of ethical due diligence. Have confidence knowing that your 401(k) investment advisor is legally obligated to do what is suitable for you, your business, and its plan participants.
Whether you are an employer offering 401(k) plans to your employees or an employee with an employer-sponsored 401(k), don’t try to navigate the many complexities of planning for retirement alone. A 401(k) investment advisor is your best asset in making 401(k) plan decisions. They help with a variety of services and can alleviate much of the risk and stress that can come along with investment and financial planning. While you are likely an intelligent and capable individual or business owner, a financial professional has years of experience and training in these areas. They can help you avoid making costly mistakes that can ultimately harm you in the long run. Get with a financial advisor at McGrath Advisors for your 401(k) plan consultation today.