Common 401(k) Questions

Cannon Capital Management, Inc. has been working with retirement plans for over 10 years. So, you could imagine that we have heard a fair amount of questions. They have ranged from “How do I become a millionaire?” to “What are the eligibility requirements to enroll?” and everything in between. We know 401(k) plans can seem complicated, and vary from plan to plan, but we are here to help answer all your 401(k) related questions. This month, we thought it would be useful to compile the five most frequently asked broad questions and address each one for you. 1. How much money should I put into my 401k plan each year? This is the most common asked question we get when we do enrollment and group

Fee-Only Advisor Vs. Fee-Based or Commision Advisor

We are often asked “how do you get paid?” The answer to that question is very simple: we earn our compensation based on the assets we are hired to manage; in other words, we are a fee-only advisor. As a fee - only advisor we do not accept nor participate in any commission- based revenue that may be associated with an investment we utilize for our clients; that helps keep us unbiased, removes conflicts of interest and keeps us objectively focused in our investment selection process. By not accepting commissions we can lower the investment costs for our clients; whereas, fee-based or commission-based advisors do accept commission or incentive- based compensation. So, why should that matte

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