WEEK 7: THE NEXT 10 WEEKS WILL TELL YOU IF YOUR EMPLOYER 401(K) PLAN IS IN GOOD ORDER “WHAT IS WELLNESS?”

 

The definition of wellness is, “the state of being in good health especially as an actively pursued goal”.  Not a huge definition, but a huge task.  I recently had spinal surgery, very successful thanks for asking.  However, the prescreening and the post operation diligence has made me aggressively aware of some of the thing I have been neglecting as I get on in my years.

We have bones and blood and nerves and lungs and intestines and brains and skin and spines and muscles and cells and a whole lot of things I cannot pronounce in Latin.  The reality is that if we don’t know about it we cannot check it until it’s too late.  Then it’s a problem.

The same goes with one’s financial wellness.  There’s managing debt and estate planning and college and retirement and long term investing and saving and house buying and budgets and healthcare.  And just as we might ignore a spot on our skin or some minor indigestion, we have a tendency to look the other way when there is a financial cyst.

Make sure your advisor not only pays attention the retirement “Plan”, but also, the people in that plan.  Does he help them face their financial decisions with confidence, is he accessible to walk them through the educational maze of planning and saving and home ownership.  With financial education and a financial educator, employees can work towards making better choices and set realistic goals.

This information is not intended as authoritative guidance or tax or legal advice.

See you next week.

Mike Mandel