7 threats to your retirement

7 threats to your retirement

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The Fine Print on 401(k) Fees Just Got a Little Bigger

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My last blog post 7 Threats To Your Retirement When All You Have Is a 401(k) Plan generated a lot of interest! It was my most visited blog post to date and for that I thank all of you who follow my blog. I sincerely hope you find it useful. Still on the topic of 401(k) plans, you may or may not know that as of July 1, 2012   The Department of Labor, in an effort to improve transparency of 401(k) fees, has released a final rule which will: “ help America's workers manage and invest the money they contribute to their 401(k)-type pension plans. The rule will ensure: that workers in this type of plan are given, or have access to, the information they need to make informed decisions, including information about fees and expenses; the delivery of investment-related information in a format that enables workers to meaningfully compare the investment options under their pension plans; that plan fiduciaries use standard methodologies when calculating and disclosing expense and r...
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The Parents Dilemma – Saving for College or Retirement

Should we save for college or should we save for retirement? Whether your little ones are in diapers or about to head off to college, if you are a parent you have probably asked yourself this question over and over. The hefty price tag of higher education seems to be increasing every year. According to the College Board, the average fees for four years at a private college is now more than $150,000 — including $38,589 for the 2012-13 school year. Even going to your state’s university, it costs close to half that total at an average of $17,131 a year. As a result most graduates have amassed significant amounts of student loan debt by the time they enter the workforce. You don’t want that for your children. You want to give them the best start in life, right?   After all, good parents are selfless and ready to sacrifice anything for the wellbeing of their babies. Most experts agree than when it comes to deciding between saving for college or retirement, just wanting the b...
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Til Debt Do Us Part

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We have all heard the statistics – 50% of marriages in the US end in divorce. It’s a shocking and a very discouraging statistic and one that has not changed much in the past three decades, according to recent data from the National Survey of Family Growth (NSFG). Marriage counselors and divorce attorneys will confirm that most couples list financial issues as a significant cause for their failing marriage. Especially in difficult economic times as the present, arguments over money can really bring most couples to at least alienation, if not worse. And without a doubt, one of the worst offenders from the money troubles category is debt. It is stressful and overwhelming. But with the right approach, it can be managed. Forget the blame . It does not matter much whether you are working towards repaying debt that you have accumulated together as a married couple or debt that one of you brought into the marriage. Concentrating on the fact that one of you brought more debt to the...
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