In our guide to investing in your 20s
, we noted that you should always take advantage of employer matching with your company’s 401(k). The same holds true in your 30s – that’s free money, after all.
But it’s not enough to just contribute the maximum and then leave it unattended. You should also constantly monitor its performance and allocation – a task you may want to leave to a professional adviser.
“It was astonishing to find out how rarely people log in [to check their account],” says DeSimone. “Employ the services of a CFP, CPA or investment firm to advise you on your 401(k). It’s one of the most neglected investment vehicles today, and it happens to be the one that turns out to be the biggest.”
Pope, of Albion Financial Group, agrees that your 30s are a good time to start hiring professional help to tend to your finances.
“You should have an investment team: A financial adviser, accountant and estate planning attorney,” he says. “You get married, you’re having kids and there are other major life changes, and having a strong team can definitely help you.”
OK, so it’s probably not shocking that financial advisers would suggest you get a financial adviser. But the point stands: As your earning potential rises and your financial picture grows more complicated, professional help may be a good call.
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