Tag Archives: 401k

401(k) Panic

With the recent uncertainty in the economy, much of the market has been declining. As stocks slow, retirement plans can also slow their growth, even drop in value. The key with these longer-term funds is to not panic. Even with the lower stock market, it is not a time to sell out on stocks in long-range accounts. Selling is never good when a market is low, but buying is good. If you have some extra money, this would be an excellent time to add to your retirement accounts. If you have a tax return coming, putting some of it into … Continue reading →

Asset Allocation Chart

I received the coolest chart in the mail today from T. Rowe Price, so I had to share. They call it their Asset Allocation Chart; it is a quick tool to help you decide how to manage an investment portfolio depending on the timeframe you will need the money. What I liked in particular about this simple chart, was it went beyond the basic retirement portfolio and offered some advice on shorter-term investments as well. If you are not already an account holder at T. Rowe Price, I am sure you could call them to have one sent to you. … Continue reading →

Employee Retirement Funds

Let me start today’s blog with a few questions. Does your current employer offer a 401k or similar retirement program? Do they also offer an employer match? Many do. Now, are you taking full advantage of it? If your current employer offers you a retirement program, even if they don’t give you a portion as a match, you should be utilizing this wonderful opportunity to save money for the future. The following are the main benefits to employee sponsored retirement options: 1. Matching Money Not all companies can afford to offer matching monies to their employee’s retirement fund. But, if … Continue reading →