Author Archives: blooomadmin

Your 401k Workout Plan

Forget your pecs. This year, invest in something that could actually get better as you get older! Make sure your company-sponsored retirement account is in tip-top shape to conquer the new year and beyond with these easy exercises.

Exercise 1: Match it pound for pound.

Just contributing to your 401k is a HUGE step in the right direction. So, pat yourself on the back for taking that leap! If you really want to make strides, muscle up and meet your company match. (It’s basically free money.)

 

 

Exercise 2: Stretch out your dollars.

Retirement is a marathon, not a sprint. Make sure you’re invested in the right mix to meet your goals. Maximize the distance, while protecting yourself against big injury to your account as you get closer to retiring.

 

 

Exercise 3: Avoid heavy lifting.

If you’re not properly trained, attempting to overhaul your 401k could be dangerous! A wrong move could be a real toe crusher. Luckily the independent experts at blooom are here to spot you when you’re ready.

 

 

Exercise 4: Sweat the small stuff.

Hidden fees and management percentages may seem small now, but by the time retirement hits could mean the difference of hundreds of thousands of dollars. Make sure you are minimizing the fees in your 401k.

 

Does a 401k exercise still sound like too much effort? Outsource the workout with blooom.

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Diversification Definition - Choosing More Than One

Popular Timberlake Love Song Works as Diversification Definition

We’re back with another edition of Retirement Jargon Sampler! Here’s where we break down all the daunting terminology associated with 401ks through the use of some of America’s favorite tunes. Today’s hit serves as a diversification definition.

You might’ve already seen our latest post about the importance of diversification from Jordan, one of our top-notch advisors. For those of us who aren’t top-notch finance experts, the semantics of “distributing assets” can be damn confusing. So let’s rock our diversification definition.

The Simplest Stance on Diversification? Justin Timberlake’s “What Goes Around Comes Around”

Here’s where Justin Timberlake comes to smash the jargon into pieces. In JT’s tear-jerking 2006 song “What Goes Around Comes Around,” he cries to his lover’s new decision to leave him and play the field:

“Is this the way it’s really going down?
Is this how we say goodbye?
Should’ve known better when you came around (should’ve known better that you were gonna make me cry)
That you were going to make me cry
Now it’s breaking my heart to watch you run around
‘Cause I know that you’re living a lie
That’s okay baby ’cause in time you will find
What goes around, goes around, goes around …”

Diversification Definition Through Poor Justin

All apologies to the ever-heartbroken Justin, but the reality is his lover is a young and hot commodity – she has the freedom to explore a variety of exciting suitors rather than being tied down to one boring person just because he’s a safe bet. After all, seven free dinners a week are better than one. Not this lucky when it comes to dating? Don’t panic! Spread your assets around in another way…through diversifying your funds.

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