Is My 401K Insured?
Investing for your future is something that involves your attention and must be monitored at all times. Finding out if your 401k can take some time, but the quickest way to find that out would be to contact your plan administrator or the HR office where you are employed.
Problems with the economy
Due to many problems with the economy more and more people are worried about their 401k plans and other retirement accounts. Due to the down turn of the economy more people are trying to find out everything they can about their 401k accounts. Just about everyone who has a retirement account has lost money due to the economy and the fact that many banks and investing firms are falling through.
Understand your 401k account
The best thing that you can do when it comes to your finances, is to understand every thing there is about your account. Many investing firms allow you to check your account and monitor everything going on online. That is great if you have that option. If you are feeling a little uncomfortable or scared, make sure you contact the company that has your 401k plan immediately.
Get in contact with your investing firm
Most 401k plans are not insured, not even by the FDIC. That is something that you are going to have to find out by getting in contact with the investment firm that has your specific plan. As mentioned previously you should be able to find out be contact your HR department at work or they should be able to pass you along to someone who can help you. 401k plans are very important to everyone, especially the person investing their hard earned money in it.
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