Maximize your Exelon 401(k) contributions! Contribute enough to receive the full company match; it’s free money. Exelon’s match details are available on the HR website – check your eligibility and contribution limits regularly.
Consider your investment strategy carefully. Diversify across various asset classes like stocks, bonds, and potentially real estate funds to balance risk and potential return. Explore the available investment options within your 401(k) plan; consider their historical performance and risk profiles.
Regularly monitor your 401(k) account. Review your portfolio performance at least annually and adjust your investments as needed, based on your risk tolerance and financial goals. Target retirement age and estimated retirement income needs should guide investment decisions.
Understand your vesting schedule. Learn how long you must work at Exelon to own your employer’s contributions fully. This information is key to your long-term retirement planning.
Take advantage of educational resources. Exelon often offers workshops and online tools about retirement planning. Use them to improve your financial literacy and investment strategy.
Plan for retirement well in advance. The sooner you begin saving and investing, the more time your money has to grow, potentially leading to a more comfortable retirement.
Disclaimer: This information is for guidance only and does not constitute financial advice. Consult with a qualified financial advisor for personalized retirement planning.
