I have heard many people say this. First, I want to point out that it is GREAT to have a 401k set up. That is something to celebrate. The problem arises when you believe that all you need for retirement is a 401k and you will be smooth sailing forever. Many people do not account for the tax problems that come with 401k’s or the lack of long term care planning. So although a 401k is helpful and good, it is not the whole picture. Financial planning is a holistic process. You need a well rounded plan to be secure and successful.
Call me at 719-210-4242 to schedule a free consultation. Kris and I would love to chat with you!