How to Sidestep Bad Stock Market Days to Secure a Comfortable Retirement
- S1E11
- 15:34
- November 16th 2020
A Self Directed Brokerage Account or SDBA is a niche option buried deep inside many employer-sponsored plans like 401(K), 403(B) or 457 plans. This option gives the employee the ability to potentially minimize losses and maximize gains by using professional money management. Steve Allbritton is a professional in money management and he shares his expertise on SDBA which sidesteps bad stock market days to secure a comfortable retirement.
2:06 Steve shares what makes Howard Capital Management different from most other professional money managers.
- A demonstration of Returns Matter, Risk Management Matters.
- A proprietary system, investment model called the HCM - Buyline
- The HCM - Buyline is non-emotional.
3:55 Steve explains the importance of being able to sidestep the worst stock market days and its potential impact on the plan’s participants' retirement future.
- Emphasis on avoiding large losses which can significantly impact growth in a long term portfolio.
- A demonstration of simple math used in market volatility over a 40+ year period.
6:21 The easiest way for employees to find out if their plan has the Self Directed Brokerage Account (SDBA) option.
- A phone call into your human resource or plan administration department.
- Howard Capital Management has access to a national database of every 401(K), 403(B), and 457 plans in the country.
7:12 The SDBA option is an individual decision to enact.
- A professional advisor comes in to help with guidance on what investment is available and best suits the client.
7:52 How easy of a process is it to activate the SDBA into someone’s plan?
- Plan participants can usually open an SDBA in their 401(K) by simple access to their plan’s website.
- If online access is unavailable, their employers can provide the necessary documents to enable the process.
- The documents are completed with the help of their advisor.
8:58 Is it all over if someone’s plan does not currently have the SDBA option?
- Not necessarily.
9:20 Are there any additional costs involved with the plan?
- The plan participant will not receive any sort of external billing for the benefit of having professional management models in their SDBA.
10:12 How did the Howard Capital Management SDBA perform against the traditional accounts during the market crash in March - April 2020 timeframe?
- Monthly performance reports made available on the fund’s website at www.howardcmfunds.com.
- Mutual funds positioning helped investors avoid a large part of the pandemic related stock market downturn.
11:20 A recap of the valuable information learned on implementing a professionally managed SDBA.
- There is a clear and distinct advantage of utilizing an SDBA in an attempt to minimize losses and maximize gain inside employer-sponsored plans like 401(K), 403(B) or 457 accounts.
- There is no additional cost involved.
- It requires minimal paperwork.
- Your money never transfers or moves from its current location.
- You have 24/7 access to your plan’s online portal which they already have so that they can check the SDBA.
- By having professionally managed 401(K) you can potentially have more peace of mind and confidence in your retirement dollars.
Michael’s contact info.
- Tel: 727 243 6467
Retirement Tampa Bay
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