How to Take Full Advantage of Employer-Sponsored Retirement Plans
If your employer offers a 401(k) or similar plan and you’re not on it, you should be. Plans like these are some of the most powerful ways to save for retirement, but knowing how they work and what strategies to use can make the difference between an anxiety-free retirement and one consumed with angst. Here’s […]
Six Keys to More Successful Investing
A successful investor maximizes gain and minimizes loss. While there’s no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest successfully. 1. Long-Term Compounding Helps Your Nest Egg Grow Put simply, compounding pays you […]
Choosing a Beneficiary for Your IRA or 401(k)
Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. A 401k beneficiary is the person, trust, charity, or other entity you name to receive your 401(k) benefits after you pass away, and that designation can carry very different tax and legal consequences than other beneficiary choices. With […]
How to Allocate Your Assets
Investing can be risky, and asset allocation is a way to manage that risk. Instead of picking individual stocks, asset allocation focuses on broad categories, mixing them in the right proportion to match your financial goals, the amount of time you have to invest, and your risk tolerance. Because not all investments are alike, spreading […]