Archive - October 2012

1
Why You Should Read Your 401(k) Statement
2
Which Are Riskier — Bonds Or Stocks?
3
Estate Planning Is Invaluable For Women
4
Money Scripts: Learning To Manage Our Beliefs About Money
5
Selecting Investments In Your 401(k)

Why You Should Read Your 401(k) Statement

When is the last time you took more than a few seconds to review your quarterly 401(k) statement? Most people only take a quick glance to see if they made or lost money over the last three months before placing the document in a filing cabinet. The reality is if it has been more than a year or two since you reviewed your 401(k) statement in detail, you are likely putting your financial security during retirement at risk.

The most significant reason a 401(k) account should be reviewed at least every couple of years is that an investor’s risk tolerance …

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Which Are Riskier — Bonds Or Stocks?

Conventional thinking is that stocks are riskier than bonds and thus as a reward for the risk therefor stocks must give a better return than bonds. In reality stocks fluctuate above and below fair value. If you overpay for stocks during a bubble then you won’t get a reward and will have greater than normal risk.

During a prolonged flight to safety investors may pile into the safety of long term investment grade bonds making their yield seem absurdly low (from the viewpoint of someone used to the 1970’s). Thus there is risk that bonds could be riskier than stocks, …

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Estate Planning Is Invaluable For Women

In “Estate Planning for Women (And the Men Who Love Them) on Forbes.com, Deborah L. Jacobs urges women to get educated about estate planning and seek help from trustworthy individuals. She notes that because women are more often widowed, more likely to marry older spouses, and tend to earn less, “Estate planning affects women more profoundly, so they should take charge of this process, or at least be equal participants.”

While estate planning can be as simple as leaving a legally viable will, you may need to delve deeper, depending on your financial goals and your desire to …

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Money Scripts: Learning To Manage Our Beliefs About Money

Have you ever wondered why you make certain decisions about money? Have you ever sat down to think what you believe about money? I believe our emotions, beliefs, and values about money drive how we live our lives, and yet we don’t even acknowledge their existence. To get started, complete the following 5 sentences – write the first thing that comes to mind without putting much thought into it:

The rich got that way by _________________
Poor people are poor because _________________
Being in debt is _________________
Financially, I am entitled to _________________
One should never spend money for _________________

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Selecting Investments In Your 401(k)

Selecting investments in your 401(k) can be a daunting task.  Many people have 401(k) plans through their employer, yet very few of them have ever received education or recommendations on how to invest within their retirement account. Although retirement accounts are a great tax saving vehicle, it is important that you take an active role in managing your 401(k) to be sure you are setting yourself up for retirement success.

Many times, 401(k)’s will offer a limited number of investment options. Some companies will offer employer stock in additional to a handful of mutual funds. Other 401(k)’s have a brokerage …

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