It’s not surprising that there are many people who are wondering: What should I do with my 401k in this market? One day the DOW (DJIA) is up 200 points, the nest it may be down 300. More often than not, a good day is a mixed market – maybe the DOW is off [...]
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I’m getting exasperated. It seems like every time I turn around, there’s another article about “fixing the 401k.” Repeat after me: The 401k does NOT need to be fixed! Don’t believe me? Consider this recent article on CNN/Money, titled It’s time to fix the 401(k), by Penelope Wang,. Ms. Wang details some of the [...] I just read a sidebar article in January’s Money Magazine, titled Fixing the 401(k). The article highlights 4 proposals from Washington as a ” response to the retirement savings crisis”: Relaxed hardship-withdrawal rules “President-elect Barack Obama has proposed temporarily dropping the 10% penalty for hardship withdrawals from an IRA or a 401(k) for amounts [...] A while back I posted my reaction to a Money Magazine interview with Economist Teresa Ghilarducci. The gist of the interview (and why I said she was crazy) was her proposal to “fix” the problems with social security and retirement planning in the United States. It seems she just won’t go away… Teresa Ghilarducci’s [...] |
 
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