That is the same thing as buying high and selling low, which is a sure way to lose money in the stock market. The reason why people lose money in their 401k is because they don’t take the time to understand i
you will have to wait until you are 59.5 years old. So, if you are planning to retire early you might want to keep your 401k where it is. Leaving it where it is isn’t necessarily bad though as there are several ways you can withdraw money early penalty-free and you ...
It's all so clear to me now why Millennials emphasize “following their passion,” and “doing meaningful work,” even if they haven't put in their dues. The data from hundreds of thousands of well-educated, technology-savvy Millennials from all over the country does not lie! Are Millennia...
While no asset is 100% safe, US Treasury bonds and securities are widely considered as safe as they come. Money market mutual funds are also considered safe choices in 2023. What asset never loses value? Assets that are unlikely to lose their value include art, diamonds, land, and collectib...
401k plan and choosing the one or few that are performing the best and putting their money there. Given the highly complex nature of investing, it should be obvious why this does not work. Individual investors should always know where this money is being invested and why they are investing ...
The 401k losses may not socialized, but feeding, clothing and medicating the destitute pensioners does remain the responsibility of the taxpayer. Peter T February 17, 2010 at 12:12 pm I think the post was not about 401k versus old pension, but that the employer needs to do some work to ...
My 401K is 1.2MM so I figure it could be approaching 2MM by the time 70 comes if I left it alone. This large conversion now would get a chunk out of the way. Once i get on ACA with subsidies, my ROTH conversions would be much smaller and I’d have to watch every dollar of inco...
Even though it was uncomfortable to lose money when the Fed first started hiking rates in 2022, the Fed may have ultimately done us a favor by hiking through the end of 2023. The economy didn't crash and burn due to overly restrictive interest rates, and most of us are net beneficiaries...
Why does Uber's value continue to increase, while they lose money? Is it simply perception and market share? If they are not profitable now, how will they ever be? Why would trying to drive rivals out of business by selling below cost be an unprofitable strategy? Harry invests in a stoc...
Depending on how many different types of businesses you run and how your taxes are calculated will help determine how many bank accounts you actually need. Less is best in this scenario. Save yourself the hassle and confusion, definitely invest in some software that does reconciliation for you ...