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Are You Maximizing Your 401(k)?

By Moe Ansari

We all know that hiding our money under our mattress or depositing it in a traditional savings account isn’t going to give us the growth we need to retire when we want, the way we want. In other words, we need a bit of help, something that gives us an edge. That’s what a 401(k) does. Employer-sponsored retirement plans give us a way to contribute to our future with a few added benefits thrown in. 

Unfortunately, many Americans are not taking advantage of these accounts, with 15% of those who have access to a 401(k) not participating. (1) And of those who are taking advantage of their 401(k), the average contribution rate is only 7.1%, and if you’re counting on it, that’s likely not enough to carry you through your retirement years. 

If you want to make the most of your 401(k), take a look at these 7 tried-and-true strategies. 

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Why I Became A Financial Advisor

By Moe Ansari

We often hear the phrase “Life is what you make it,” (1) but sometimes it’s hard to know what exactly you want to make it, or, just as importantly, how to get there. This challenge is exactly why I became a financial advisor more than 40 years ago. I saw the important role money played in people’s quality of life and determined to spend my days enhancing the life experience of others through the pursuit of financial security. 

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What We Do And How We Can Help

By Moe Ansari

Life is complicated, is it not? Add money to the picture and things get downright overwhelming. In previous decades, people often worked for the same company for most of their lives, lived a few years in retirement on Social Security and their pensions, and passed modest estates on to their children. 

That picture has drastically changed with increased longevity, changing demographics, and a more complex and volatile financial world. Now most people lose sleep over how they’re going to make everything work. Thankfully, it doesn’t have to be this way. 

At Compak Asset Management we strive to give our clients peace of mind as we create customized wealth management strategies. But we go a step further. We know you want more out of life than just a secure retirement plan, so we focus on helping you experience more life fulfillment and personal happiness through the process.  Read more