Whether through inertia or anxiety, investors who put off important investment decisions are, in reality, still making a decision.
A lack of action is played out often invisibly, with potential negative consequences to a person’s future financial security. Here are just a couple of ways this can impact your finances.
- One of the worst passive decisions may be the failure to enroll in your district’s 403(b) plan—and fund it. Not only would you miss out on a way to save for retirement, but you may also forfeit any potential employer-matching contributions.
- If you put off regularly reviewing your investment choices, over time you can end up with a collection of investments that may have no connection to your investment objectives. By not periodically reviewing what you own, you are making a default decision to own investments that may be inappropriate for your goals and needs.
Whatever your situation, your retirement investments require careful attention and can benefit from deliberate, thoughtful decision making.
If you have questions about your 403(b) or need to review your investment allocations, our financial advisors can help. Contact us at 1-800-279-4030 or learn more about our financial planning services. Your retired self will be grateful that you invested the time in making active decisions today.