I receive quarterly 401k statement but just look over it and put in the corner. I never thought, how much it is useful for me. Thanks Jeremy to share this video with us. I learned some new things from this video.
How many times have you received your quarterly 401k or IRA statement in the mail or via email and simply trashed it? How often do you open it up and glance over it only to see a bunch of numbers, but have no idea what to make of it other than finding out if you made money or lost money? You’re not alone. These statements usually contain a lot of information and plenty of numbers so it can be all too easy to just look at the bottom line figure and ignore everything else. Unfortunately, if you aren’t taking a closer look at those quarterly statements you could be leaving money on the table.
So, Kathryn from Kathryn’s Conversations has been kind enough to make a quick video that talks about your financial statements and what you should be looking for on a quarterly basis. When it comes to your retirement nest egg, you can never be too careful, and missing a few little details could end up costing you thousands. So, here are two of the most important things to look at on your next quarterly statement.
This is a guest video from Kathryn. Kathryn has twelve years of experience working in the hedge fund industry. She’s currently a Director at an asset management firm in Los Angeles. When Kathryn is not writing posts and producing videos for her blog, Kathryn’s Conversations, she’s thinking about what she’s going to write, and what videos she’s going to produce for her blog.
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.
That is exactly the mistake and problem of a lot of people. They are too lazy to take the time to read the statements that we receive; even lazier when it comes to understanding what the statement really says. Then complain about why they are losing money (which is the situation most of the time).
I feel pretty grateful to have come across the weblog and look forward to some more awesome moments reading here. Thank you once again….