401K Plan Camp Lejeune NC

Having a 401K plan in Camp Lejeune is a critical factor to building a nest egg for retirement. Whether you stop contributing or not is up to you, but I recommended that you contribute something every paycheck, especially right now since the market has dropped substantially.

Mr. Scott C Rainville, CFP®
(919) 751-8772
200 Valencia Dr
Jacksonville, NC
Firm
First Command Financial Planning
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, General Financial Planning, Government and Military, Insurance Planning, Investment Management

Data Provided by:
Mr. Joseph R. Mclaughlin, CFP®
(910) 937-1177
200 Valencia Dr
Jacksonville, NC
Firm
First Command

Data Provided by:
Mr. Marion V. Rains Iii, CFP®
(910) 617-3543
1171 Western Blvd
Jacksonville, NC
Firm
Navy Federal Financial Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Employee and Employer Plan Benefits, General Financial Planning, Government and Military, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Government Employees

Data Provided by:
Mr. Richard L. Pugh, CFP®
(910) 455-6400
824 Gum Branch Rd Ste I
Jacksonville, NC
Firm
Financial Security Management,
Areas of Specialization
Estate Planning, Government and Military, Insurance Planning, Investment Planning, Retirement Income Management, Retirement Planning, Small Business Planning

Data Provided by:
Mr. Charles Robert Jones, CFP®
(704) 348-9535
103 Fairytale Ln
Surf City, NC
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Ms. Korene Zue Phillips Marsh, CFP®
(910) 347-5900
302 B Western Blvd
Jacksonville, NC
Firm
First Citizens Investor Servic
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Ross M Van Klaveren, CFP®
(210) 456-7240
1447 Western Blvd Ste 100
Jacksonville, NC
Firm
USAA Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Education Planning, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Government Employees

Data Provided by:
Mr. Richard L. Pugh (RFC®), CFP, MBA
(910) 455-6400
824 Gum Branch Rd., Suite I
Jacksonville, NC
Company
Pugh & Associates Inc.
Qualifications
Education: MA Business Administration
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mrs. Stephanie M. Jeunette, CFP®
239 Parnell Rd
Hubert, NC
Firm
Simplified Outsourcing Solutions, LLC

Data Provided by:
Bank of America - Country Club Road
(910) 355-4238
1726 Country Club Road
Jacksonville, NC
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed

Data Provided by:

401K Plan

Simply put the answer is yes - absolutely. Here are the reasons why. Let’s assume you took a substantial hit to your 401K plan when the stock market plummeted approximately 40%.

The amount of stocks, bonds, mutual funds, and other holdings that your 401K provider continues to purchase at the currently lower prices will eventually increase in price once the stock market rebounds. If you do not contribute, you will be losing out on the potential increase your overall portfolio will obtain.

The basic rule of investing is to buy low and sell high. Now is therefore a great time to make substantial contributions to your 401K, especially if you are a young individual who has just entered the business world or if you are five to ten years from retirement. It’s a good idea to check with your 401K plan provider or employer to determine what the maximum contribution is and, if at all possible, whether you can meet that amount annually.

If you cannot afford to maximize your contributions, you can determine what percentage you can afford per paycheck so that at least you are contributing something to the plan. For example, let’s assume you can only contribute 5%. Take time to set a household budget and then determine how much you can afford to contribute to your 401K. Perhaps you can start with 5% and increase it by 1% each year, until you reach the maximum allowed. Remember also that the contributions to 401K’s are pre-tax so that the bottom line impact to your take home check will be much less.

Having a 401K plan is a critical factor to building a nest egg for retirement. Whether you stop contributing or not is up to you, but I recommended that you contribute something every paycheck, especially right now since the market has dropped substantially. Remember the basic rule of investing – buy low and sell high – and take advantage of the significant drop in the stock market.

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