Anyone that tells you a sure way to make money with no potential downside is a liar and you should be careful. Most employees fail to make money from their 401K because the system is filled with people and tricks built to scam money out of you, so they listen to these people and ...
"When you get laid off...you can't do the 401k," Chu said. "So that was six months of 401k that was not being put in there." During that period, Chu missed out on $13,000 in401k contributions, which would have been worth roughly $40,000 by the time he retires, accordin...
Another retirement account is a 401k, which has more perks and is a good alternative, as long as it’s provided by your employer. In the event that you switch jobs or leave your employer, this can be rolled over into an IRA. Adrean J. Rudie Finance, Mortgage, Real Estate Professional ...
But the problem is that these people keep repeating the mantra regardless of how much money they have, and regardless of their actual living expenses. No matter how bright their financial picture is, they always find a way to undervalue their savings and overestimate their future expenses,just i...
The 401(k)s or 529 college savings accounts are not liquid assets. They are long-term assets designed for your financial future. Unless you are 59.5 or older, withdrawing money from your 401k or IRA plans will result in 10% penalties and potential tax liabilities while losing some compounding...
Here is a snapshot of one month's dividend payment for the cash I invested inSPAXX, a Fidelity money market account with a yield of almost 5% at the time. I never thought we'd be able to earn 5% risk-free with Core CPI below 3.5%. ...
When you're losing lots of money in abear market, it can sometimes feel like you'll continue to lose money forever. Oftentimes there are “dead cat bounces” or “bear market rallies” that give you shimmers of hope. Sadly, said hope is dashed when the market resumes its sell-off. ...
401K’s, or if our kids are okay, or if we really found that job or purpose that we’re looking for in life, or if we’ll make this deadline, or get that promotion, or if our marriages or partnerships or friendships can make it through whatever is ahead, or if we’re ever ...
But to state the obvious, there is no “opportunity cost” in holding gold when real rates are still deeply negative — even if nominal rates are rising. You are losing real money holding bonds that aren’t yielding enough interest income to keep up with inflation. When making borrowing or...
Now, here is where my post really won’t make a lot of sense. While a house is a terrible investment, I own a house and recommend other people do so as well. Why? Not because the house is a great investment, but because the mortgage is a great way to borrow money due to all th...