Objective information about retirement, financial planning and investments

 

4 Things To Do When The Stock Market Drops

Today was an ugly day in the stock market. The S&P 500 declined by 2.44% and the Dow dropped 1.45%. Much of this decline was fueled by the huge decline in Facebook’s parent’s shares. Meta Platforms, Inc. (ticker FB) saw its share price decline by … [Continue reading]

Annuities: The Wonder Drug for Your Retirement?

Annuities are often touted as the “cure” for all that ails your retirement.  Baby Boomers and retirees are the prime target market for the annuity sales types. You've undoubtedly heard many of these pitches in person or as advertisements. The pitches … [Continue reading]

Financial Fraud – Tips to Protect Yourself

While Bernie Madoff passed away in April of 2021, financial fraud is still very much an issue. Along with the "old fashioned" types of fraud, we now have cybercrime to worry about. Financial fraud is all over the news. Whether high-profile Ponzi … [Continue reading]

4 Reasons to Accept Your Company’s Buyout Offer

Companies will use buyout packages for groups of employees from time-to-time to provide those employees an incentive to leave the company. The company may have a variety of reasons behind their desire to reduce their workforce, such as reducing … [Continue reading]

401(k) Fee Disclosure and the American Funds

With the release and subsequent repeal of the Department of Labor’s fiduciary rules for financial advisors dealing with client retirement accounts, much of the focus in recent years has been on the impact on advisors who provide advice to clients for … [Continue reading]

Review Your 401(k) Account

For many of us, our 401(k) plan is our main retirement savings vehicle. The days of a defined benefit pension plan are a thing of the past for most workers and we are responsible for the amount we save for retirement and how we invest that … [Continue reading]

4 Benefits of Portfolio Rebalancing

The past couple of years have been a roller coaster ride in the stock market. The S&P 500 lost 4.38% in 2018 mostly from a poor fourth quarter performance. The market recovered nicely in 2019 with the index posting a 31.49% total return for the … [Continue reading]

7 Tips to Become a 401(k) Millionaire

According to Fidelity in an update released in February of this year, the average balance of 401(k) plan participants stood at $112,300, up 7 percent from the balance at the end of the prior quarter. This data is from plans using the Fidelity … [Continue reading]

8 Portfolio Rebalancing Tips

In light of the recent stock market volatility, it’s important to review your asset allocation and consider rebalancing your portfolio if needed. This post looks at some ways to implement a portfolio rebalancing strategy. Here are 8 … [Continue reading]