I'm there, with my house paid for and the equivalent of 2 years of my salary in savings. I thank all the gods that I am not young now, but I worry for my middle aged children and young grand children. I am probably the last of the beneficiaries of The New Deal era and was a union member. I had full health benefits all my working life, a living wage, affordable housing, an inexpensive college education, quality public education and wonder of wonders, a pension. Please young people, for your own sakes, you don't know what you are losing when you don't vote. Please. VOTE. I've been watching the American "dream" slip away since Reagan was elected. No one prepared me for this sadness I now have in my heart at the end of my life. Retirement planning is a luxury of the privileged class, the top %10. This whole article could have been written by Marie Antoinette. Really, who gets to choose between amassing large amounts of money or leisure time? Those days are over for 90% of Americans. Unless the young wake up and start voting for their futures, articles like this one are moot.
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Getting participants/employees to make sound investment decisions is the holy grail of 401(k)s. Maybe more important to our success than anything else, we like our employees and we prove it.
Our business offers a 401(k). However, we were troubled by the vague, technical, and inadequate training that 401(k) providers and advisors gave our employees.
We knew what our employees needed to understand about investing. But we didn’t assume we knew how our employees should learn. Like many companies our employees have a wide range of educational backgrounds: high school, bachelor, master, and engineering degrees. We took our cue from them. Interaction with employees led to development of seminars and 401(k): TAKE CONTROL. Readers can download 401(k): TAKE CONTROL at http://401k-help.net for free. Readers choose to pay $2, if they find it of value.
We don’t just advise diversification, we exemplify real world consequences of “putting all your eggs in one basket.” We don’t just discuss return ratios, cost ratios, and risk measures that are given by 401(k) providers and mutual fund managers, we show in detail how to translate them to readily understandable dollars and use them to make mutual fund investment decisions, given their personal circumstances. Among other measures, our employee participation is 100%. See, http://401k-help.net.
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Provocative article. Especially since it's already telling you something you already should know yet often intentionally forget
to think about. Regardless, while how you look and how you feel don't always jive, how you smile is ultimately paramount in how you choose to live the rest of your life!
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