Jerry A. Jacobs has been working in the financial services industry in Miami, Florida for over 30 years. He is an Executive Vice President for a financial services company and specializes in helping people and companies handle investments, and set up savings plans, income plans, and trading plans. Here are three tips for building up a solid 401(k) plan.
Jerry A Jacobs Miami Florida was born and raised in Miami, Florida. He left Miami to attend college at Florida State University but returned to his hometown after college in pursuit of a career in the financial services industry.
- There is a limit to the amount that a person can contribute to their 401(k) plan per year, but people with 401(k)’s should try and contribute as much as they possibly can per year. This ensures that they create a solid 401(k), setting their selves up for a healthy financial situation during retirement. It may also mean that they could retire earlier or at least on time.
- It is important for a person with a 401(k) to diversify their portfolio. It is important to not be too conservative with funds, but a person should not be too greedy either. There needs to be a good balance when diversifying a portfolio. Keep company stock to less than 10% of investments and spread funds out among a set of different investment styles.
- Investments should be made with a long-term vision in mind. Once an investment is made, be patient and stay disciplined during down periods of the market. Obviously investment adjustment should be made and will need to be made based on the economy, employment status, and other economic and lifestyle circumstances.
Jerry A Jacobs Miami Florida was born and raised in Miami, Florida. He left Miami to attend college at Florida State University but returned to his hometown after college in pursuit of a career in the financial services industry.