Ted Benna, the ‘father of the 401(k)’ has a new mission
You probably have never heard of Ted Benna, but he is extremely important in the history of investing. I mentioned Benna in a previous post, the 401(K) is 40 years…
The “401(k) Millionaire” is a myth
You’ve probably heard the term “401(k) millionaire." For many decades now, the million-dollar mark has been the proverbial measure of success. Even financial advisors suggest maxing out your 401(k) until…
Should You Invest in a 401(k)?
For a lot of working Americans, their company’s 401(k) plan is their #1 investment vehicle for retirement planning. Since they started working, they’ve been told to max out their 401(k)…
Changes for 401(k) accounts and IRAs in 2019
The best time to begin investing in a 401(k) or IRA is now. The cumulative years of compound interest and tax advantages can add up to hundreds or even thousands…
The Best Way To Tap Your Retirement Accounts
With good retirement planning, you probably have accumulated several different kinds of savings accounts to support you when you retire. You may have a few 401(k) accounts from different employers,…
The 401(k) is 40 Years Old
Most people are unaware of how long the 401(k) has been around. To be honest, I didn't know either until I did some research. Come to find out, the 401(k)…
Diversified Investment Portfolio and Asset Allocation
There is an old proverb that says don't put all your eggs in one basket. The logic behind this saying is very simple to understand. If all your eggs are…
Pillar 2 – Investment Income
The 3 Pillars for creating wealth:Pillar 1, Pillar 2, Pillar 3 Investment income is the second pillar for creating wealth (see Pillar 1). Investment income is simply income that comes…