The Setup:

If you’re like most people, you probably have some financial accounts that you haven’t paid much attention to recently. The statements are just collecting dust in your file cabinet, but they might actually be hidden gems that could be put to much better use. We’re going to talk about ways to re-purpose those old accounts for better returns.

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Click the timestamps below to skip to a specific topic in the episode.

The Combination and Key Points: 

So much of the retirement planning process is about accumulating and growing what you have, but when was the last time you looked back at the accounts in your portfolio to see if you’re getting the most out of what you have?

When you’re focused on the retirement and what you need to do to get there, it’s easy to forget about investments you’ve made in the past. But there’s a good chance you might have a hidden gem or two in your portfolio that can produce better returns for you with a few adjustments.

On this episode of Unlocking Your Financial Future, we’re going to look at four places where that value might be hiding in plain sight. We’ll tell you what might have changed since you originally made these investments and what you could do to grow your portfolio.

The first one we’ll look at is that old 401k you have. Everyone is going to change jobs during their career and many times a retirement account closes out when that happens. Leaving that money there is fine, but there’s more you could be doing with those investments.

Then we’ll talk about old life insurance policies. Something you bought many years ago and forgot about could be cheaper now. And what about a pension you have? Ben will talk about what can be done with these as well.

The final one we’ll talk about is the savings account or money market account you have. Those conservative accounts are great and serve a purpose, but should you be thinking about moving some of that money into something else?

If you want to look a little deeper into your portfolio to see if you have any hidden gems, please reach out to our team and let’s set up a time to look through your plan. There’s a lot to gain by assessing your retirement goals and strategy and that’s something we help people with all the time.

Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!

0:51 – Getting to Know Ben – Do you have any superstitions?

2:55 – A free webinar up on the website now. 

3:54 – Beginning the main discussion on hidden gems.

4:32 – Old 401k accounts

5:43 – Are companies charging fees to hold your investments in an old account?

7:04 – Old life insurance policies

8:54 – Savings account/Money Market account

10:10 – Pensions

12:03 – Ben’s team helps clients find these hidden gems.


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