
Follow five actionable steps with checklists to build retirement savings fundamentals and navigate your 401k, 403b, or 457b, with video guidance, downloadable resources, and calculators to track progress.
Celebrate taking the first step to set up your 401K, 403B, or 457B and join the top 33 percent of retirement savers.
Identify your retirement plan type and employer match, and note the administrator. Contact HR to obtain login credentials and review enrollment resources to prepare for the next steps.
Log in and explore your retirement savings site, identifying the five to six key sections to inform decisions about your 401(k), 403(b), or 457(b).
Log in to the ADP retirement site to view your account summary and distributions. Adjust future contributions and current holdings, enable automatic increases, and explore before-tax versus Roth options.
Navigate a T Rowe Price 401(k) account and review the dashboard with balances and investments. Learn to manage contributions, employer match, pretax versus Roth options, and automatic increase.
Log into your ADP 401k account, compare funds by 10-year returns and expense ratios, and print or export the table to select the best funds.
Sign into the T Rowe Price 401k platform to view investments, identify the 10-year rate of return, and compare gross and net expense ratios before printing the report.
Explore how to read retirement plan options by analyzing key indicators such as expense ratio and 10 year rate of return, enabling you to evaluate funds and choose confidently.
Identify and learn what each fund type means in your retirement plan—small-cap, mid-cap, large-cap (blue-chip), international, target-date funds, and money market or stable funds—and decide which to hold.
Evaluate your fund options by comparing expense ratios and 10-year returns, highlighting low-cost funds with strong long-term performance to build a durable retirement portfolio.
Allocate and assign your retirement funds in your 401k, 403b, or 457b based on step 4 decisions, using the account summary to guide allocations, expense ratios, and available funds.
Log in to your ADP account, set your contribution to at least the company match (for example 18 percent), and allocate future contributions across growth and small-cap growth funds.
Learn to set and adjust 401k contributions, choose Roth or pretax investing, enable automatic annual increases, and build a personalized portfolio by allocating future and current balances across funds.
celebrate your progress as you set up your 401(k), 403(b), or 457(b), understand investments, and complete the final checklist to start amassing retirement wealth.
It may seem unbelievable, but by the time we get through Step 5, you'll have selected investments for your retirement account! Whatsmore is that you'll be comfortable and confident in your investment decisions because (1) you understand key indicators and (2) you have compared them to your other options and know you're selecting the best available funds!
Regardless if you are good at saving money or not, if you have access to an employer-sponsored retirement savings plan, like a 401K, 403B, or 457B, you have access to an incredibly powerful wealth accumulation tool which if used properly could change your life.
What's wild is that 66% of people with access to a retirement savings plan are not using it! It's a total shame too because once they are set up, it is arguably the easiest way to save money and create wealth.
Why do I say that? 401Ks, 403Bs, and 457B, are great for three reasons:
Your employer may be willing to put money into it if you do... that's right, FREE money!
It has a passive "set it and forget it" aspect to it!
Putting money away over a long period of time allows you to take advantage of compound interest and grow your money!
BUT get the benefits you have to get it set up and start contributing. That's what this course is for!
After you complete this course you will have selected investments, set your contribution amount, and you will start investing with every paycheck. Its passive and super easy to maintain after getting your account setup.
In fact, investing just 10$ a day could make you a millionaire in 35years even though you only put away 131,000 of your own money! It seems crazy but it's possible. The catch is you have to start saving and investing!
You can get started now!
The course will walk through 5 steps for setting up your retirement saving and investing account. The steps could be categorized as follows:
Preparation:
Step 1: Assemble Information
Step 2: Get Familiar
Step 3: Your Investment Options
Training and Learning:
Step 4: Learn The Keys of Investing
Execution:
Step 5: Setup Your Retirement Account
While Steps 1-3 are essential for Step 5, the bulk of the training in this course will be focused in Step 4. That's where we'll dive into the in's and out's of retirement investing.
It may seem unbelievable, but by the time we get to Step 5 you'll have selected investments for your retirement account. Whatsmore is that you'll be comfortable and confident in your investment decisions because (1) you understand key indicators and (2) you have compared them to your other options and know you're selecting the best available funds!
This will be an exciting, and fruitful, journey so let's not delay.