It’s nice to feel appreciated. It’s even nicer when that appreciation is shown with a $500 American Express Gift Card and a couple of extra days of PTO (paid time off.)
Today’s post is inspired by a client, who asks:
I just looked at my 401k account and I have the option to do a Roth 401K. What are your thoughts between traditional and Roth?
I’m a strong believer in the Roth option. I’ve got a few reasons why: [Read more…] about Roth vs. Traditional 401(k)
A few nights before the election, my wife and I were out for a walk with our Jack-a-Bee. The topic of the presidency came up. Our conversation went something like this:
Lien, my wife: Hilary is going to win the election.
Me: I wouldn’t be so sure.
Lien: All the polls show Hilary is in the lead.
Me: One thing I’ve learned from studying the stock market is that predictions are notoriously wrong.
Sure enough, Election Day has come and gone – with all the pollsters and forecasters left scratching their heads. For all their analysis, they could not accurately predict what was to come. Predictors of the stock market usually fare no better. [Read more…] about What a Trump Presidency Means for Your 401(k)
Investing is not rocket science. In fact, in the world of investing less is more.
less = MORE
You don’t need to do a lot of work to earn solid investment returns. You just need to stay disciplined, following these four very simple rules:
• Keep Your Costs Low
• Buy & Hold
• Pick the investment that’s right for your risk tolerance [Read more…] about Four Simple Rules of Investing
Using Your 401(k) to Invest
You’re fortunate that your 401(k) is offered through the investment company Vanguard. That’s because Vanguard has some very low-cost investments. That’s good news for you, the investor. Unfortunately, Even Vanguard’s 401(k) can list some high-cost products on their investment menu. Picking the low-cost funds off of the investment menu – those with the name “Vanguard” – means paying less money to investment managers. Avoiding the higher cost funds – such as those with the names “T. Rowe Price” and “Dreyfus” can mean keeping more money in your account. [Read more…] about Your 401(k)
401(k)s are employer-provided investment accounts designed to meet your financial needs in retirement. These accounts receive special tax treatment and creditor protection. It works like this: You put money in the account now – and take money out once you have retired. [Read more…] about What’s a 401(k)?