It wasn’t that long ago when a career would begin and end in the same workplace. For our parents and grandparents, staying with one job throughout the working years would not only foster a sense of job security, but it would also ensure a retirement. Those days are gone however, and with it the ability […]
Did you know that most New Year’s Resolutions are eventually broken? Some experts say that it just doesn’t make sense to make them – you end up disappointing yourself. But I still think New Year’s, or the beginning of each year, is a good time to reflect on the past and decide on things to […]
I always assumed that we should all contribute as much as we can to our 401(k) accounts. After all, an employer sponsored retirement account allows our savings to grow tax-free, which is a major benefit, especially for those of us in higher tax brackets. Maxing out your 401(k) means contributing the maximum dollar amount permitted […]
One of the things that many people wonder about is what accounts to invest in first. There are so many choices now, with online brokerages making it easy to open trading accounts. However, before you begin investing a great deal in a regular investment account, it’s a good idea to take stock of your tax […]
We received my wife’s 401k plans statement yesterday and we felt like financial geniuses. Splashed on the first page of the statement was our mutual fund performances, up 28.14% in the quarter and 18.43% year to date. My instant reaction was of joy, but it quickly faded as questions were bubbling in my head. Did […]
We haven’t even gotten through this crisis yet, and we have another one on the way? Seriously? That’s what John Bogle–the founder of Vanguard and the creator of the first index fund–would have us believe. And, distressingly enough, the case he makes is pretty convincing. Last month, Bogle testified before the House of Representatives about […]
