Alex Assaley is a trusted retirement plan advisor known for assisting employers in offering valuable retirement benefits to their employees. He is working with AFS 401(k) Retirement Services, a firm specializing in providing retirement benefits for professional services and non-profit organizations.
In this article, we will delve into Alex Assaley’s professional background and provide an overview of AFS 401(k) Retirement Services.
Additionally, we will examine the Investment Adviser Public Disclosure (IAPD) report and other relevant information to offer a comprehensive understanding of his expertise and the services provided by the firm.
About Alex Assaley
With a family background in finance and a Bachelor’s degree in Economics from West Virginia University, Alex is an Investment Advisor Representative (IAR) through Global Retirement Partners (GRP) and holds the Accredited Investment Fiduciary® (AIF®) designation from the Center for Fiduciary Studies.
Alex excels in developing and executing strategies, particularly in collaboration with teams sharing a common mission. He leads the team at AFS 401(k), and focuses on delivering proactive, high-quality services for clients who prioritize valuable retirement and financial benefits for their employees.
His expertise lies in communicating with Retirement Committees, aligning strategies with their priorities, and ensuring compliant and successful retirement plans.
Actively contributing to the industry, Alex is a member of the National Association of Plan Advisors (NAPA) and served as the President of the association and a member of its Leadership Council from 2021-2022.
He is also involved in community service as an active Bethesda-Chevy Chase Rotary Club member, participating in outreach programs locally and globally.
Alex is particularly interested in current trends in the retirement industry, such as financial wellness, retirement readiness, and the evolution of the 401(k).
He acknowledges the progress made in the industry and emphasizes the importance of aligning employer-sponsored retirement plans with a worker’s overall benefits package and financial well-being.
Alex Assaley IAPD Report
The Investment Adviser Public Disclosure (IAPD) report for Alex Assaley provides details on his employment history, professional qualifications, and any disciplinary actions.
Investors are strongly encouraged to use IAPD to research representatives before engaging in business with them.
It’s important to note that there is no disclosure reported against Alex Assaley. This clean record enhances confidence in his professional standing, indicating an absence of any reported disciplinary actions or issues.
Overview of AFS 401(k) Retirement Services
AFS 401(k) Retirement Services, LLC is a private company headquartered in Bethesda, Maryland, USA. Specializing in the Financial Services sector, the company provides retirement benefits for professional services and non-profit organizations.
With a team of expert advocates, AFS 401(k) is dedicated to helping businesses navigate the complexities of employer-sponsored retirement plans.
The company, consisting of 25 to 100 employees, operates with an annual revenue ranging between 5.0M and 25M. AFS 401(k) aims to simplify fiduciary oversight, plan design, and employee advice for mid and large-sized companies, including professional services firms, non-profit organizations, trade associations, and manufacturing firms.
Their commitment lies in working with companies genuinely concerned about offering valuable retirement benefits and aiding employees in saving for their futures.
AFS 401(k) prides itself on providing straightforward solutions and corporate protection while enhancing overall retirement success for employees.
The company’s strategies are designed to make the management of employer-sponsored retirement plans more accessible, ensuring each employee can enjoy a dignified retirement.
Services Offered by AFS 401(k) Retirement Services
AFS 401(k) Retirement Services specializes in a range of services aimed at comprehensive retirement planning and management. These services include:
- Fiduciary Oversight: AFS 401(k) provides expert guidance to simplify and streamline the complex fiduciary oversight associated with employer-sponsored retirement plans.
- Investment Consulting: The company offers investment consulting services to help businesses make informed decisions about their retirement plan investments, ensuring optimal performance and alignment with goals.
- Retirement Plan Design: AFS 401(k) assists in the design of retirement plans, tailoring them to meet the specific needs and goals of mid and large-sized companies, including professional services firms, non-profit organizations, trade associations, and manufacturing firms.
- Vendor Benchmarking and Search: The company conducts benchmarking and searches for vendors, ensuring that businesses have access to the most suitable and competitive options for their retirement plans.
- Employee Education and Advice: AFS 401(k) prioritizes employee education and advice, aiming to empower individuals to make informed decisions about their retirement savings.
- Retirement Readiness and Plan Success: The company focuses on assessing and enhancing retirement readiness, working towards the overall success of retirement plans and the well-being of employees.
- Defined Benefit Consulting: AFS 401(k) provides consulting services specific to defined benefit plans, offering expertise in managing and optimizing these types of retirement benefits.
Through these services, AFS 401(k) aims to simplify the management of retirement plans, promote financial wellness, and support businesses in offering valuable and successful retirement benefits for their employees.
Unfortunately, they do not offer IRA services in which investors can hold physical precious metals such as gold, silver, and platinum in their retirement investment portfolio.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
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Why you should invest in gold in 2024
Investing in gold can offer several advantages in 2024, particularly when it comes to retirement planning. One key benefit is that gold is often seen as a hedge against inflation.
Over time, gold has demonstrated the ability to retain its value and preserve spending power despite currency fluctuations. Given the current high inflation rates, experts suggest that increasing allocations to gold could be a wise move.
The Personal Consumer Expenditures (PCE) index, which measures Americans’ spending on goods and services, has been notably high, ranging from 6% to 7% in 2022—significantly above historical standards and the Federal Reserve’s target rate of 2%.
With expectations that the economy may not fully recover until 2025 or later, gold becomes an appealing investment option.
Diversification is another advantage of investing in gold. During economic downturns or recessions, the stock market and real estate assets may face challenges.
Gold, however, tends to be a reliable strategy for maintaining a diversified portfolio. This diversification helps reduce exposure to risky investments and minimizes the impact of potential losses.
Additionally, gold provides liquidity, a crucial factor during a recession. Liquidity refers to the ability to quickly sell assets for cash, which becomes essential in times of financial difficulty.
Gold stands out in this aspect, offering high liquidity compared to other assets like stocks, bonds, or real estate. Its ability to be easily converted into cash makes it a valuable investment during economic downturns.
The stability and value of gold, along with its liquidity, make it a compelling option for investors looking to navigate potential economic challenges in 2024 and beyond, especially in the context of retirement planning.
Conclusion
Alex Assaley, a trusted retirement plan advisor with AFS 401(k) Retirement Services, brings extensive expertise to assist employers in offering valuable retirement benefits.
The Investment Adviser Public Disclosure (IAPD) report reveals a clean professional record, enhancing confidence in his capabilities.
AFS 401(k) Retirement Services is a private company headquartered in Bethesda, Maryland, specializing in financial services and providing tailored retirement benefits for professional services and non-profit organizations.
Their range of services, including fiduciary oversight, investment consulting, and employee education, aims to simplify retirement planning and enhance overall success for businesses and employees.
As financial markets face potential challenges, the stability, value, and liquidity of gold make it a compelling option for investors navigating economic uncertainties.
Overall, the combination of Alex Assaley’s expertise and AFS 401(k) Retirement Services’ commitment positions them as valuable contributors to the realm of retirement planning and financial services.
Personally, I recommend you check out our best gold IRA companies list of 2024. Or, you can check out the top-rated gold investment company of your state below:
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