Submitted by Dan Crimmins on Mon, 03/10/2014 - 9:00am
After a scorching 2013, the stock market had a nasty winter surprise. The Standard & Poor’s 500 took a dive starting in mid-January. Some investors panicked. They shouldn’t have. The temporary slide teaches us that, even in the best years for stocks, downdrafts occur. This is good to keep in mind going forward.
Submitted by Charlie Benway on Wed, 03/05/2014 - 3:00pm
You left your job and have to figure out what to do with your 401(k). A hasty rollover decision is not going to help in the long run. There is a lot of competition among big Wall Street firms to get you to roll over your account to them.
But first, take your time. These are your hard-earned savings we’re talking about. This is a good time evaluate your overall retirement strategy and perhaps enlist the help of an advisor you can trust.
Submitted by Eric Hutchinson on Fri, 02/07/2014 - 12:00pm
Each month, where should your money go first: 1) paying your bills, or 2) contributing to your retirement savings? The answer is 2). While keeping current on your bills is important, regularly socking away funds for your retirement is more important. If you wait until month’s end to put money into the retirement account, there won’t be enough left to make a difference in building your long-term wealth.
Call it paying yourself first. Perhaps most important for you to know: Your investment contribution rates produce your ultimate success in having the financial ability to retire.
Submitted by Rick Kahler on Wed, 01/29/2014 - 9:00am
There’s a big government push for companies to sign up all their employees in 401(k) retirement plans. That’s a noble ideal. Unfortunately, participants in these automatic enrollments don’t do as well as those in all-volunteer plans.
Submitted by Roger Wohlner on Fri, 01/24/2014 - 3:00pm
Your golden years loom. Here’s how to prepare.
The financial press bombards us with stories about the sorry state of retirement readiness in the U.S. This highlights the need for us to plan and save for our last years because nobody will do it for us. The only retirement readiness statistic that matters: yours.