"Not everybody trusts paintings but people believe photographs."Ansel Adams
|
Warning: fopen(stopka/index.php) [function.fopen]: failed to open stream: No such file or directory in /stopka.php on line 117
Warning: fopen(stopka/6655d922aa2c1bbb44b556c10262be35.txt) [function.fopen]: failed to open stream: No such file or directory in /stopka.php on line 117
| |
It Is Possible to Have Style AND a Savings Account
I used to wonder how my coworkers could afford the latest and greatest fashions. Despite the fact that we all took home the same meager salary, they walked in the door every week with a new outfit. I walked in the door with the same sloppy jeans and ...
Refinance & Mortgage Tips: Down Payment From Savings
Once you've figured out how much of a down payment you can make on your home mortgage, it's time to determine how to document the source of your funds for the down payment and closing costs. Now you might be saying, "Why do they care where I get ...
Use Your Yellow Page Savings to Finance Your Internet Local Search Visibility
Copyright 2005 Off the Page A Yellow Page Ad Says You're "Open for Business" Most small businesses that have a storefront or provide a service are committed to a Yellow Page directory ad. It was a safe bet, since buyers went to the directory when they ...
|
|
|
| |
Hot tips on your retirement savings
At the start, safety features were not needed in car design. Neither was it needed in a 401(k) account, but that is no longer true.
Here are some suggestions and things to watch out for:
1. Save automatically
Twenty five percent of eligible workers do not or decline to sign up for a 401(k) plan. Workers who do not sign up are risking their future. Plus, approximately $30 billion are left out in the form of company contributions.
If only a few rank-and-file workers participate, the higher-paid workers contributions are limited as stated in the IRS rules. An increasing number of companies have made 401(k) enrollment automatic. Employees can still choose to opt out.
Twenty five percent of large companies have employees automatically enrolled in the 401(k). Although, this would mean that many of the new employees are in a very conservative investment that may not be enough to beat inflation.
If you're one of those higher-paid employees, you may want to move your money into a stock fund to take advantage of long term growth. You may also want too boost your contributions each year until you max out.
2. Simplify your investment
During the late 90s when the stock market was rising, providing workers with more investment choices was the rage. A few companies introduced new options and some offered 'brokerage windows' letting employees invest their 401(k) savings in an array of funds and stocks.
True-blue investors loved the choices and unfortunately drove up costs with the increased amount of trading. Majority of the workers didn't make any choice at all.
If you don't want to mess up your 401(k), simply tell your company to add a life-cycle or a target-maturity fund. You can also invest your savings in a balanced-fund option. A 60% stock to 40% fixed-income ratio is still a good choice.
3. Seek a low-cost alternative
Anomalies on mutual funds and awareness of high, hidden fees are making a few employers explore other forms of savings beside mutual funds. A commingled fund is an option that is available wherein the service provider combines small employer contributions to reduce costs.
The problem with commingled funds is that it isn't publicly traded and investors usually have less information about how the money is invested. When your plan is offering mutual fund alternatives, make sure to compare costing for long and short term plans
About the author:
Jay is the web owner of http://www.retirement-in.com Retirement Calculator, a website that provides information and resources about retirement, planning, systems and more. Also visit his website at: http://www.personalinjuryattorneysatlaw.com Injury Attorneys for information on finding an attorney.
|
|
|
|
|
|
 |
Your 2012 Memorial Day Sales Savings Cheat SheetDailyFinance"The time required to search for the best possible deal keeps shoppers from comparing prices, even if that means saving them a lot of money." That's where these bargain-finding search engines come in handy, he says. They'll "not only save you time and ...and more » |
|
