If you are one of the 51 million Americans who have invested in a 401(k) plan, you are probably being ripped off. Read further to see why.
Although stocks have tanked lately, your 401(k) is safe, says the Huffington Post contributor Ben Walsh. A short-term drop in the value of your account doesn't automatically lose you money. To really lose money from your 401(k), your account has to fall in the long-term with the tax benefits considered. Read more.
What are the secrets to a happy, financially successful retirement? Are there some general steps you can take to retire richer and financially secure? Dan Caplinger, writer for The Motley Fool who’s also a financial consultant and estate-planning attorney, offers you 5 general tips
Recent data predicts that by 2016, 401(k) funds, normally placed heavily in stocks, will perform worse than other investment options. This is alarming in terms of what it means for retirement of individuals who have worked so hard to preserve their future and ensure a secure, comfortable life after work. With 401(k)'s being heavily invested in stocks, it seems inevitable that there will be a massive shift towards IRAs in order to avoid financial disaster.
With an ever-increasing life-expectancy age as well as drastic rises in health-care costs, it seems Social Security is not enough to sustain anyone for their expected length of retirement. Social Security expenses are reaching a deficit which could result in further spending cuts urging a change in retirement policy in order to prepare for our futures after work. We must adequately prepare for the future before it is too late
