Keep in mind, 401(k) investments are long term investments. It is important to remember your long term goals and remain discipline with your asset allocation.
Below a video of TODAY’s Matt Lauer speaking to a group of experts about how people should handle their 401(k).
http://today.msnbc.msn.com/id/26184891/vp/26970885#26970885
There is an interesting article on 401k on MainStreet.com.
http://mainstreet.com/article/money/stocks-funds/farnoosh-answers-your-401-k-questions
Top Tips: The biggest mistake in a falling stock market
Friday July 27, 5:37 pm ET
By Gerri Willis, CNN
This past Thursday was the second worst day of the year for the Dow Jones Industrial Average. But remember, it was just a week ago today that the Dow closed above 14,000 for the first [...]
Retire Rich in 5 Simple Steps
5 Simple Steps
Start now.
Save more.
Take full advantage of employer contributions.
Allocate your assets to make bank in the stock market.
Don’t rely on someone else to do it for you.
Retirement Advice:
Keep costs low.
Take a long-term view.
Pick market-beating stocks you can hold for “at least five years.”
Sivy says …
Like any good financial [...]
I still have my funds in my ex-employer’s account, but I have been actively managing the funds on the web. It was a good thing that I started depositing money as soon as I was qualified. I contributed to this 401k account during my college years before I turn full-time status in the same company.
At [...]
Here’s a great article for those are new to the workforce and think saving for retirement funds are useless.
How to Save $1 Million for Retirement
For the year of 2007, the contribution limit is $4,000 for individuals under 50. Individuals who are 50 and older may contribute a maximum of $5,000. As posted earlier, I have already contributed my maximum limit to the Roth IRA. Personally, I feel the limit is low, so I have been contributing the maximum every [...]
I contributed the maximum of $4000 to my Roth IRA at Scottrade. This deposit allows me to meet the minimum requirement for the Scottrade Elite platform. I downloaded the software, but have not used it yet. One of the features I looked forward to was the Level II quotes but I just learned that Scottrade [...]
ROTH IRA is a retirement plan where you put in your after-tax dollars and when you retire, you can withdraw from the account tax-free. If you earn less than 95K and single (150K for married) you can contribute a maximum of $3,000 for 2004 and $4000 for 2005. If you’re 50 or older, you can [...]
