As we near the end of 2013 I want to thank you the readers of The Chicago Financial Planner for your readership and support. I hope the posts and on this blog are informative and useful to you as you chart your financial course through life. Here are the top blog posts on the site in terms of readership for 2013:
4 Signs of a Lousy 401(k): 401(k) plans are still a mystery to many of the workers who participate in them and sadly to many of the employers sponsoring these plans. Here are 4 signs that your 401(k) plan might be lousy.
Life Insurance as a Retirement Savings Vehicle – A Good Idea?: Life insurance is a key component of many financial plans. However various forms of cash value life insurance are often marketed for other purposes including as a retirement planning vehicle. Don’t fall for a slick sales pitch and some optimistic illustrations; understand the pros and cons before writing a check.
Small Business Retirement Plans – SEP-IRA vs. Solo 401(k): If you are self-employed saving for your retirement is totally on your shoulders. Start a retirement plan if you haven’t already. This post compares two popular vehicles, the SEP-IRA and the Solo 401(k).
My Thoughts on PBS Frontline The Retirement Gamble: This report by the popular PBS show sparked a lot of discussion and did a nice job of pointing out some of the flaws in many 401(k) plans and with the whole system of defined contribution retirement plans. However, in my opinion the show was also terribly biased. I offer my thoughts on the show here.
401(k) Fee Disclosure and the American Funds: This post was actually written in mid 2012 in the wake of the new 401(k) participant disclosure rules. I use the six retirement plan share classes offered by the American Funds to illustrate and explain the portion of the required disclosures that deal with the costs and performance of the plan’s investment options.
Thank you again for your readership and support in 2013. I wish you and your family a happy, healthy, and prosperous 2014.
If you have a question, comment, or would like to suggest a topic please contact me.
Please contact me at 847-506-9827 for a complimentary 30-minute retirement planning consultation and to discuss all of your investing, 401(k), and financial planning questions. Check out our Financial Planning and Investment Advice for Individuals page to learn more about our services.
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