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Retirement Planning

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Workers Saving too Little (Does This Surprise Anyone?)

Tuesday, March 19th, 2013

From today’s WSJ Fifty-seven percent of U.S. workers surveyed reported less than $25,000 in total household savings and investments excluding their homes, according to a report to be released Tuesday by the Employee Benefit Research Institute. Only 49% reported having so little money saved in 2008. I found the report and thought this graphic that […]

Do These 401(K) Choices Seem Expensive To You?

Tuesday, January 15th, 2013

A friend of mine asked me to help her allocate her 401(k) contributions. Here are her choices (click on the graphic to see a PDF version): As you can see, they’re all expensive choices. I’m sure this is because it’s a small company and one of the ways providers make the plan “cheaper” for employers […]

Start Planning for Retirement as Soon as you Start Working

Tuesday, December 4th, 2012

Good advice from the Wall Street Journal: Your First Job? Think About Retirement. I know a lot of younger people will say, “Yeah, right…” but time is a precious commodity and the one huge advantage young poeple have when it comes to saving for retirement is time. Read: The Cost of Waiting One Year, which […]

401(K) Dollar Limit Raised to $17,500 in 2013

Friday, November 2nd, 2012

The maximum dollar amount an employee can contribute to their 401(K) is increasing $500 to $17,500 for 2013. Those who are 50 and older can contribute as much as $23,000. Let’s break down $17,500. That’s… $1,453.33 per month. $47.95 per day. $1.9977 per hour (based on 8,760 hours per year). $.0333 per minute. Better get […]

Should I Pull Money Out of My 401(k) to Pay Off Debt?

Wednesday, October 3rd, 2012

This is good but he misses one point. I’m not sure if it’s true of all 401(k) plans but interest on a 401(k) loan usually is paid into the 401(k) account. In other words, the interest is your money. It’s as if you borrowed from the Bank of You. Also, some companies do allow contributions […]

Retiring on the S&P 500 Index. What do the Numbers Show?

Wednesday, October 3rd, 2012

I posted a similar piece the other day but Jack pointed out that it accounted for inflation twice. So, I removed that post and went back and looked at the numbers. The attached PDF is a summary of what I found. It was an interesting study. I’m going to go back and include a fixed […]

William Bernstein on How Much You Should Have Saved for Retirement

Saturday, September 29th, 2012

Interesting interview with William Berstein in MONEY. Tell me what you think of this piece from the article: So how should I be investing near and after retirement? You want to end up with a portfolio that matches your liabilities, meaning the amount you’ll need to spend in retirement. The rule of thumb I came […]

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