subject: For Personalized And Unbiased 401k Allocation Advice, Choose 401 Harmony [print this page] Having the opportunity to invest in a 401k is something that you should take advantage of but in order to do so you need to optimize your portfolio in a way that sets you up to receive the maximum returns. However, unless you have an extensive background on how to manage these types of investments, you're likely going to need some 401k Allocation advice so that you can determine which funds will help you achieve your long term 401k investment goals. There are various types of 401k advisors out there you can choose from but 401 Harmony offers the most efficient and cost effective method of managing your 401k.
While the concept of a 401k calculator isn't new, the one that you'll have access to as a member of 401 Harmony is much different from others you may have seen before. At 401 Harmony, the 401k allocation recommendations you receive will be based on factors that are unique to you. Similar types of services offer more generalized 401k Advice, which even when good in that sense, doesn't go deep enough. You should only be making 401k allocation decisions for funds that fall within your comfortable range of risk. This is why at 401 Harmony you'll learn where you fall on the Greed/Fear Index so that you find the perfect balance between minimizing risk while maximizing your returns.
This is just one example of the kind of information you'll be given once you've constructed your 401 Harmony profile. You build that profile by inputting basic information about your 401k investment like your salary, your contributions and the type of 401k you have. But that is only the beginning. 401 Harmony takes it one step further by asking you a series of questions that will illustrate your behavioral tendencies so you can learn what kinds of funds match up with the type of investor you are.
Utilizing the 401k calculator at 401 Harmony also helps you avoid one of the major drawbacks that are inherent with other types of services. Many 401k advisors provide biased recommendations because they will receive commissions when clients invest in some funds. You should only be making 401k allocation decisions based on you and your retirement goals. You'll get those objective but personalized recommendations when you use the 401 Harmony calculator and be able to create an investment plan that you can follow in order to ensure your post-retirement security.
