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- If I told you that you could save hundreds of thousands of dollars over the next 30 years and it wouldn’t cost you a dime, would you hear me out? The answer is yes
- Blooom does just that. No, that’s not a typo. Three o’s.
- Blooom provides you with a complete retirement audit completely free. Notice the trend in these services? No such thing as a free lunch, but a 401(k) audit . . . absolutely.
- Using pretty advanced software, Blooom can analyze your 401(k) for high fees, allocation issues, and other potentially harmful investment mistakes.
- When you chose your 401(k), your company probably gave you a couple of choices and you researched it about as long as you spend working out every day.
- The difference in a .5% fee and a 1.5% fee over a 30 year time period can equal a mid-level Ferrari. Yep. Ferrari. Those who pay attention to fees, allocation, etc. can literally buy a Ferrari when they turn 65 and still live the same lifestyle you are living all because they chose the box below the box you checked when the company hired you.
- If you aren’t contributing to a 401(k), you aren’t alone. For some, this is ok. If you are maximizing your Roth IRA or other savings account and investing wisely in a Betterment or Vanguard account, you are going to be just fine. Just plug-in some numbers to an online retirement calculator if you don’t believe me.
- If you are currently 40 years old and plan on retiring at age 67, investing $10,000 a year at modest returns (7%) will net you around $800,000.00 at retirement.
- Apple, Amazon, Cisco, Oracle, and LinkedIn all use Blooom for their employees.
- Blooom also provides personalized financial advice if you prefer going that route. The cost is $10 a month. Yes, they literally charge you the same amount as Netflix does. Let me know when Netflix makes you $800k in 20 years.
- Try Blooom. It’s rational.