Two new ideas being discussed inside the Beltway could actually make it easier to prepare for retirement. Both center on the income you’ll generate from your 401(k).
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Thanks to conservative investments in bonds, whole life—and its cousin, universal life—delivered positive returns during the financial crisis. But before you sign up for a policy, beware: You will pay hefty premiums and, in most cases, a steep up-front commission that eats up your first-year premium, leaving little of it for investment. Continue reading Whole Life Insurance, Looking Good, Can Be A Conservative Foundation for Investments Sheltering your investment profits from taxes may seem like a remote concern when your accounts are a sea of red ink. But tax shelters like 401(k)s and IRAs are more important than ever. If the U.S. Labor Department has its way, the rules governing who can give Americans investment advice about their 401(k)s and IRAs, and how that advice gets delivered and paid for, soon will change. But financial advisers and others disagree dramatically on whether the proposed rules will help or harm investors. There are many reasons why your neighbor might have a much brighter retirement outlook than you, or vice versa. But to what degree does your 401(k) plan itself make a difference? With stocks up more than 60% since hitting bottom last March, the red ink is finally fading on the typical 401(k) retirement account. Yes, it’s safe to look at your statement again: Balances for boomers who have worked 10 to 20 years at the same company are now down less than 3% on average, compared Continue reading 401(k) Tips for Fixing Your Retirement Nest Egg |
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