Nearly 70% of employed US adults receive some type of retirement or other asset building benefit from their employer, according to the Wall Street Journal.

Besides participating in a 401 (k) plan, 36% enjoy the benefits of a company match and 29% have a pension plan.

Over 50% of employees want assistance about retirement options and financial planning as well as investment options in their company 401 (k)/pension plan.

Like individual business owners, employees want to have a “vote” on their money. One way to do this is through a self-directed 401 (k) where the employer allows the employee the ability to invest in other assets besides the traditional stocks, bonds, and mutual funds.

How do you know if you company allows self-direction in a 401 (k)? Contact the HR department or if the company is large enough, the employee benefits department and ask.

If you receive commission income, or are self-employed you should consider establishing your own individual (k) plan. There are many benefits to this including the ability to make contributions into more then one type of retirement plan.

For more information on how individual (k) plans work or to set one up, contact one of our local professionals at The Entrust Group. Visit www.theentrustgroup.com to find a local office near you.

The more you save today, the more distance you put between financial struggle or freedom!

This entry was posted on Wednesday, May 23rd, 2007 at 7:01 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.