Political news constantly highlights Social Security as not being funded enough (not true, but that’s the line). Pensions — especially government pensions — are not funded enough (true). And 401(k)’s took a hit in the Great Recession, giving many people 40% haircuts to their potential retirement nest eggs in a very short period. But Ezra… Continue Reading
Tag Archives: 401(k)
5 personal finance actions to do before 2010
The end of the year is my time to review my finances. While I’m not a personal finance expert, I am responsible for my personal financial decisions that I make during the course of the year. In order to get perspective — and not get burned — I take this week to do my personal… Continue Reading
Manage your 401(k) in cash
Part of managing your career is managing your 401(k). Right now, your 401(k) is looking ugly. Should you stop contributing to your 401(k)? Here are three reasons to keep contributing – and one reason you might stop. 401(k) has company match Without going crazy on percentages, if your company is contributing a company match to… Continue Reading
Work longer to make up losses
How many of you have opened up your 2008 401(k) and IRA statements and seen a 30-40% drop in your assets? (Fortunately, I got out in May, 2008, so it wasn’t much of a shocker…) Too many of us have lost almost half our retirement savings — and along with it, the thought of retiring… Continue Reading
2008: End of Company Retirement Plans Begins
While many look forward to the new year, there is at least one item from 2008 that merits attention. It may be the year that the end of company retirement plan support begins. It all started with companies eliminating pensions, of course. That part is old news. The new news is that more and more… Continue Reading
5 actions employees should take in case of debt default
photo credit: Johnny Vulkan The traditional media is finally catching up to what a lot of us have seen for a while: There is a very good possibility that the United States will default on its debt on August 2nd by not raising the debt ceiling. The impact of that, according to pundits, is anything… Continue Reading