Workers and employers claiming their 401(k)s charged excessive fees have lately made significant legal headway. Major firms like Caterpillar Inc. and Hartford Life Inc. have recently agreed to settle such cases and to improve fee disclosure. A lawsuit against ABB Inc., a unit of Switzerland-based ABB Ltd., this year went to trial, an event all
|
|||||||
|
Two fundamental economic questions are: Steve Matthews, Bloomberg columnist, shares this report that low interest rates will likely be needed for an extended period until the unemployment rate declines significantly to a level that can help sustain the economy. Federal Reserve Bank The low savings rate is affecting the ability of families to save for retirement. The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in The U.S. Savings rate is expected to climb – kind of a “day of reckoning” response to the debt contraction and job losses experienced during the past 12 months. Kelly Evans, WSJ columnist, shares a viewpoint that expectations of frugality may be too optimistic. Ms. Evans: New frugality? Not so fast. A sharply higher U.S. household-savings rate was expected We believe that investors should be heavily invested in emerging markets (see Prosperity Concierge’s long-term investment recommendations at Prosperity Trek III). Investment advisory firm GMO made these observations in their 4th Quarter 2009 Quarterly Update: We are “rationally exuberant” when it comes to emerging market equities over the long term. One of the key drivers of our Prosperity is a destination, a lifestyle, a journey. It’s happiness, fulfillment and enrichment. Defining prosperity is a personal exercise as each of us defines it in the context of our values, our aspirations, our goals. We also define it by our experiences. How we define it changes as we grow, as we learn, as we experience Want the cleanest, simplest way to invest your savings? Some people are hurt by not saving regularly, while others lose out by chasing the latest, greatest investment. Paul Sullivan, New York Times columnist, shares with us strategies for saving that employ simplicity. Paul Sullivan: For the wealthy, index funds have an image problem. They are considered Prosperity Concierge believes that investors should be heavily invested in emerging markets and commodity currencies. See Prosperity Concierge’s long-term investment asset allocation recommendation in Trek III at Prosperity Trek. Nouriel Roubini, the New York University professor who predicted the credit crisis, expects the dollar to weaken against Asian and “commodity” currencies such as the Brazilian real over Some of the best career advice has always been to stay networked. One reason is so that if you were forced to find a job you would have access to people that could help you. Rich Karlgaard, publisher of Forbes magazine, now offers that staying physically fit is equally as important to the unemployed: Among those hurt Times can get tough. Loss of a job. Stock market crash. When times get tough will you be ready? Get ready now for tough times ahead. Rainy Day Fund – Emergency Cash Have a rainy day fund – it can’t be said enough. You absolutely need a financial reserve that you can draw on when times get tough. |
|
 |
|||||
|
Copyright ©2010 Prosperity View - All Rights Reserved. Prosperity Concierge Services LLP. |
|||||||
Prosperity Concierge