While it is encouraging that participants understand the importance of professional 401(k) advice, just 12 percent of those with access to it are actually using it - meaning the vast majority are missing out on critical guidance.
Taking an accounting of liabilities and expenses -- ie. what's owed -- is an essential first step to taking full financial control. In the case of divorce, which spouse will continue to pay for certain expenses is typically decided in the settlement.
The recent Wall Street roller coaster should be a wakeup call for those counting on their 401(k) for retirement funds.
Most say they'd think twice about taking a job without one. Americans love their 401(k)s. We love them so much that the growth in those investment accounts for our retirement is more important than our health.
Check the fees yourself. Don't just leave it to someone else. Even the best fund managers may do strange things with fees that you only find out about in letters most people don't bother to read.
Investors didn't like what they saw come Monday morning: The market had dropped more than 1,000 points to start the day after a news-worthy decline last week. China was to blame: A decline in the Chinese stock market and fears of the Chinese economy sparked the sell-off that we watched in horror on our home court of Wall Street.
Listen: they are scams. This is another trillion dollar industry that has a lot of money at stake if people stop believing in the mythology bolted to the scam.
How financially stressed are you? Here are some major indicators of financial stress with suggestions for taking action.
The so-called 'retirement age' is nominally thought to be 65 years old, but to get your full Social Security benefits the age is inching up each couple of months to 67, for those born in 1960 or later. And who knows where it will go from there? Or what will become of it.
Today with all the advancement on each of these fronts, average longevity is in the 80s and headed to the 90s. The largest growing demographic are the centurions and over -- for all the reasons that you readers know. So... what to do to rationalize the Social Security Retirement System?
The world of retirement benefits is complex terrain, peppered with minefields like fine print, tricky terminology, little-known exceptions and seemingly random rules. And what you don't know can (and will) come back to bite you.
Are you one of the many people who don't have a 401(k) at work? Wondering how in the world you're going to save for retirement without one?
Americans are woeful at saving for retirement -- and there's only so much the government can do about that. And that's why the newest changes in tax policy (plus newer ideas currently being tossed) can't make that big of a difference.
Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.
Kimra Bettasso is a Financial Consultant and Founder of 401k Retire Logic and 401k Legit. I asked her about her unique approach to this market.
There are simple steps you can take to maximize your retirement savings and make 401(k) maintenance a more manageable pursuit. Here are my tips for staying on the right course this season and beyond