401(k) Loss Recovery Math
Most 401(k) mistakes don’t come from bad intentions. They come from bad assumptions.Here’s a short list of the worst 401(k) stock market loss assumptions. “A 401(k) loss is temporary — the market always comes back.” Truth: The market may recover, but your 401(k)...
How to ‘Insure’ Your 401(k) Without Buying a Policy
You ensure that most important things in your life. You insure your home.Security systems, motion detectors, smoke detectors and radon detectors.Even your front doorbell shows up on your cell phone. You insure your car.Airbags, seat belts, back up cameras, automatic...
Why Your 401(k) Needs More Facts and Fewer Feelings
Your 401(k) deserves better than guesswork. A 401(k) advice client of mine learned this the hard way. Years ago when I first reached out to this client.He thought he was investing in his 401(k) “the right way.” Saved every paycheck period.Trusted his 401(k) sponsor...
What Bad 401(k) Advice Taught Me This Week
I ran across an investment advice post this morning.That made me laugh out loud.And I don’t laugh out loud that often. The advice was completely misleading. “Buy the dip.” “Don’t overthink it.” “Just follow the stock market.” This is the kind of advice that is...
