Posts Tagged ‘Retirement’
The January 2010 issue of SmartMoney magazine had a nice little article Target-Date Funds Retool — Again about how those all-in-one Target Retirement funds that nearly all 401k plans have now are almost all increasing the percentage of stocks that are international. They all say this not performance-chasing, but at the very least it’s sentiment-chasing. People just aren’t all that confident in an predominantly-US portfolio anymore. I like the quote “Were you wrong before, or are you wrong now?”.
In any case, the online version left out my favorite part of the handy graphic, so I scanned it in…
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“Wanna see something neat?” Kris asked the other night. She was holding the year-end statement from her work-based retirement plan.
“Sure,” I said. “Show me the money.”
She handed the statement to me. “Look at my account balance,” she said. “Look how it’s grown. It went down a little bit in 2008, but because I kept contributing, the balance has gone crazy during the last two years.”
Kris’s retirement account took a hit in 2008, but rebounded in 2009 and 2010.
“How do you earn such great returns?” I asked. “I’ll bet readers at Get Rich Slowly would love to…
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Every year for the last ten years, the National Association of Personal Financial Advisors and Kiplinger’s team up to hold Jump-Start Your Retirement Plan Days where they give free advice to anyone willing to call their 800 number or visit their website. This year, the two free days are this Friday January 21st and next Tuesday January 25th. Between 9 AM and 6 PM Eastern, you can ask fee-only financial planners (the only way to go when it comes to financial planners) questions absolutely free.
You can call 888-919-2345 or visit the website to ask your question. The statistics they’ve…
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Ultimately we control our destiny, meaning we have some say in the decisions that affect our personal finance in our adult lives. Yet the three biggest life decisions we make may be sabotaging our ultimate financial goal, saving enough and being financially independent come retirement. Those three big choices include where to live or settle down, who to marry, and what profession to choose.
Where to Live
Many of us choose to stay put; we remain close to where we grew up, our family and friends. There are definitely some benefits to remaining in the city where we've spent…
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Comfort Zone, Family And Friends, Fico, Financial Decisions, Financial Goal, Financial Strategy, Forehead, Grandparents, Personal Finance, Personal Finances, Profession, Relatives, Retirement
For many, the concept of prosperity is foreign and unreachable. If you are stuck in a dead end job or your bills haunt your sleep, it’s easy to feel as though you will never be able to break free. As the baby boomer generation nears retirement, it has become essential for millions of people to find a way to have enough money to retire. The good news is, prosperity can be attained, even by the poorest people. It may take a lot of patience, and it may not happen over night, but you can become prosperous. Here are some…
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Baby Boomer, Baby Boomer Generation, Dead End Job, Enough Money, Instincts, Little Bit, Losses, Patience, People Find, Perseverance, Profits, Prosperity, Retirement, Three Months
Whether you are pushing thirty and trying to get your first home or your retirement is staring you in the face, there are times when you may feel as though you’ve run out of time financially. We don’t always make the best decisions when it comes to saving money and before long, we end up wondering where it all went wrong. If you’re trying to figure out how to catch up financially here are a few tips to get you started on the right track.
1. Fixing your credit.
First and foremost, your credit should be your main focus.…
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Bearing, Best Choice, Debt Leverage, Decisions, Earning Money, Financial Bind, High Interest, Little Bit, Nest Egg, Retirement, Running Out Of Time, Saving Money, Score, Secured Credit Card, Six Months, Staring You In The Face, Stocks
In your 20’s and don’t think that you need to worry about your security later on down the line? There’s no need to worry about making yourself secure for once you reach your 30’s and 40’s, right? That’s probably the mentality of most people who are twenty-something. Most are in college or are just having fun and enjoying life. They probably believe that there’s no need to save money until they hit their 30’s or 40’s. But if you want to have more than the average retired person, then it would probably be wise to start saving before you hit…
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401k Plan, Enjoying Life, Excuse, Fades, Flickr, Habit, Having Fun, Match, Mentality, Need Money, Photo, Rent, Retirement
There are two parts to any investment – cash flow and equity appreciation. Cash flow refers to how much money the investment generates and equity appreciation is how much the investment itself grows in value. When you look at real estate, cash flow refers to any rents you can earn and equity appreciation refers to any increase, or decrease, in the property’s value.
In the last few years, real estate has taken a huge hit because prices simply grew too quickly, financially incapable people were given loans they couldn’t afford, and the myth that “buying…
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Anecdotes, Brokerage, Buying A Home, Cash Flow, Diversification, Home Values, Hook, How Much Money, Investing In Real Estate, Mutual Fund, Myth, Nest Egg, Rents, Retirement, Vanguard Account, Whack
