Retirement Planning
« Previous EntriesStates with Filial Responsibility Laws Ought to Scare You
Thursday, May 24th, 2012My friend, Russ (follow Ross on Twitter), posted a link to this article on Twitter. This is some scary stuff. John Pittas’ mother entered a nursing home for rehabilitation following a car crash. After she left the nursing home, she moved out of the country. His mother’s $93,000 bill at the home was left unpaid. [...]
A Real-Life Example of People Thinking with Their Hearts and Not Their Brains
Wednesday, May 16th, 2012Yesterday’s link to the article about people not saving for retirement, brought back the following memory. I remember back when I was in high school, my dad telling me about how my cousin had withdrawn something like $30,000 out of her Walmart retirement account in order to buy a new car. I know new car [...]
Half of All Americans Aren’t Doing a Thing for Retirement?
Tuesday, May 15th, 2012If this is true, it’s sad: Half of All Americans Aren’t Doing a Thing for Retirement Half?!? I’m pretty sure SOME of those people COULD save something if they really wanted to. I don’t know about you but this makes me concerned for our future as a country.
This Sounds Like a Dumb Idea: Cutting the 401(K) Deduction
Wednesday, May 2nd, 2012Okay, I know the NY Post is usually alarmist but I have heard about this idea before. The idea supposedly being kicked around is to limit the amount employees and employers can put towards the employee’s 401(k) to a maximum of $20,000 or 20% of income, whichever is smaller. The current amount is a maximum [...]
Annual Review of the AFM iShares Retirement Portfolio
Wednesday, April 18th, 2012I have been tracking a retirement portfolio for several years here at AFM. It’s split 30/20/50 between domestic stocks, international stocks, and fixed income, respectively. The domestic stock portion is invested evenly in the 10 sector exchange-traded funds that make up the Dow Jones Total Market Index. The international stock portion was invested in the [...]
Interesting Read (for KIDS): Baby Boomers and Retirement
Tuesday, February 21st, 2012I read this yesterday: For Boomers, It’s a New Era of ‘Work ‘Til You Drop’ This part of the article in particular really stood out to me (bold mine): For more than 30 years, Stewart ran his own photography business, doing everything from studio portraits to illustrating annual reports for hospitals and other large corporations [...]
Do You Know What Your 401(k)’s Personal Rate of Return is for 2011?
Monday, October 3rd, 2011I just logged on to my wife’s 401(k) account. The balance is roughly $60,000 less than it was at the peak early this year (and this includes several thousand dollars of contributions). OUCH. Fidelity calculates a personal rate of return, which is the return adjusted for the timing of contributions. Our personal rate of return [...]
« Previous Entries