Warren Buffett is one of the most famous investors in America. The first week of May, Buffett’s holding company Berkshire Hathaway holds its annual shareholder’s meeting. Buffet writes an annual letter to shareholders prior to the meeting. So Buffett is usually in the news this time of year. I was recently in a Jimmy John’s …
savings
What’s My 401k Statement Trying to Tell Me?
For most Americans, their 401k savings program at work is their single largest retirement asset. According to a recent report from Transamerica, “Thirty-nine percent [of baby boomers] expect their primary source of retirement income to be self-funded from accounts such as 401(k)s, 403(b)s, and IRAs or other savings.” The Pension Rights Center estimates that a full 65 percent …
Have I saved enough for retirement?
Many people wonder if they are at risk to outlive their money. Nobody likes the idea of running out of money in old age. Based on 91 years of market history and some reasonable assumptions, if you have been doing a good job of saving for retirement, you should be fine. Reasonable assumptions for investors …
Protect Yourself Against the Coming Market Decline
Twelve things you can’t control about the next market decline, and 13 things you can control. As we near the half-way mark of the year, the MSCI world stock index is up about 1 percent for the year. So far, not a great year for your 401(k). Is it the end of the bull market? The beginning …
Is a Roth 401(k) right for you?
In the Revenue Act of 1978, the 401(k) retirement savings plan was born. This law gave employees the choice to receive a portion of their earnings as deferred compensation held in a special account. The employees did not pay tax on that money in the year it was earned. They would pay income tax in …
Where is My Old 401(k)?
Almost 12.5 million Americans change jobs every year, according to Retirement Clearinghouse via Forbes, and have to figure out what to do with a company-sponsored retirement account. If you are like a lot of people, most of your job changes have come at a hectic time. Either you left on your own because of a …
