The Hidden Costs of DIY Investing: What You’re Really Paying For
The Hidden Costs of DIY Investing: What You’re Really Paying For What looks like free investing can carry hidden costs that compound over time and impact your long-term finan
Mark your calendars, Jacksonville! National 401(k) Day is just around the corner on Friday, September 5, 2025, the first Friday after Labor Day. At Davis Capital Management, we’re excited to celebrate this day by helping our community focus on the importance of saving for retirement through 401(k) plans.
Whether you’re new to the workforce or approaching retirement, National 401(k) Day is the perfect time to prioritize your financial goals and secure a comfortable future. Here’s why 401(k) plans matter and how our team at Davis Capital Management can guide you
A 401(k) plan is one of the most powerful tools for building long-term wealth. Offered by many employers, it allows you to save a portion of your paycheck before taxes, invest it, and watch it grow through the power of compound interest. As a fiduciary wealth management firm in Jacksonville, Florida, Davis Capital Management is committed to helping you make the most of your 401(k) to achieve your retirement dreams. National 401(k) Day is a reminder to take charge of your savings and ensure you’re on track.
The earlier you start, the more you benefit. For example, contributing $200 a month from age 25 could grow to over $500,000 by age 65, assuming a 7% annual return. Wait until 35, and that same contribution might only reach $250,000. Time is your greatest asset, and our team is here to help you maximize it!
If you’re not enrolled in your employer’s 401(k) plan, now’s the time to sign up. Our advisors at Davis Capital Management can help you determine the right contribution level to get the full employer match—it’s like free money! For 2025, the IRS allows contributions up to $23,500 annually (or $31,000 if you’re 50 or older). Even a small increase, like 1% of your salary, can make a significant impact over time.
Many Jacksonville employers match a portion of your 401(k) contributions, often up to 3-6% of your salary. For example, if you earn $60,000 and your employer offers a 4% match, that’s an extra $2,400 a year for your retirement. Our team can review your plan to ensure you’re not missing out on this benefit.
Your 401(k) likely offers a range of investment options, from stocks to bonds to target-date funds. At Davis Capital Management, we use a personalized approach, combining top-down macroeconomic analysis with bottom-up fundamental and technical analysis to build diversified portfolios tailored to your goals. Not sure where to start? We often recommend target-date funds for simplicity, which adjust investments based on your retirement timeline.
National 401(k) Day is the perfect time to check your account with the help of our Certified Financial Planners™. Are your investments performing as expected? Is your asset allocation aligned with your risk tolerance? Our team in Jacksonville can help you rebalance your portfolio to stay on track, ensuring it reflects your unique financial situation.
What does your dream retirement look like? Traveling, enjoying Jacksonville’s beaches, or pursuing new hobbies? Our advisors use tools like RightCapital to create customized financial plans that cover budgeting, investing, and risk management. We’ll help you estimate how much you’ll need and adjust your 401(k) contributions to achieve your vision.
Get ready for September 5 with this checklist from your Jacksonville financial advisors:
If you don’t have a 401(k), our team at Davis Capital Management can explore alternatives like IRAs, which offer similar tax advantages. As a fiduciary, fee-only advisor, we’re committed to putting your interests first.
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