TV Interview: Annual 401k Match: Whoever Heard of Such a Thing?
March 13, 2015 12:00 amBuilding on his March 2nd blog, Derek Amey spoke with WJAR’s Frank Coletta about 401k plans that have an annual match program.
Annual 401k Match: Whoever Heard of Such a Thing?
March 2, 2015 12:00 amA few weeks ago a friend and I were talking about retirement and our 401k plans. His company had recently changed their retirement plan and he’s been reviewing the paperwork for his new 401k.
As he read through his new employee handbook, it seem…
Are You Underpaid? Is It Your Fault?
November 21, 2014 12:00 amWhat would you say if I told you that many Americans are under paid?
You’d probably shake your head yes, and then daydream about how you can get your boss to give you a raise.
Now what would you say if I told you that many Americans are not rece…
Dollar Cost Averaging in Your 401k May Help You Sleep Better. Here’s Why.
September 22, 2014 12:00 amSince the end of 2009, the most common question I get is any variation of the following: “I think the market is too high. Should I wait until it comes down before adding money to my retirement plan?” Actually, this is the most common questi…
To Roth or not to Roth…That is the Question
June 9, 2014 12:00 amYou’re in your office and your human resources manager approaches you with a form that you need to fill out for the upcoming year with respect to the amount of your salary you want deducted from your paycheck for your 401(k) contributions. The fo…
94% of Americans have zero idea what their social security estimates are… are you one of them?
May 19, 2014 12:00 am94%. NINETY-FOUR PERCENT!! Pardon the exclamation points and the capitalization, but the number is so staggering it deserves them. If I had a way to make it flash in bright yellow neon letters to show how mind boggling it is, I would. That number repre…
3 Reasons Why You Shouldn’t Borrow From Your 401(k)
May 12, 2014 12:00 amI’ve been asked recently by someone if he should borrow from his 401(k) to fund the down payment of a new home. He had been given a myriad of different answers from people at work and finally came to me to hear the inevitable advice he was …
Why I told a gen-x friend to slow contributing to his 401k, and what I told him to do instead
August 28, 2013 12:00 amOver dinner a few weeks ago, a friend of mine announced to no one in particular that he had no intentions of working past 65. Since we’re the same age, I was shocked at his confidence in his current financial situation to make such a proclamation…
Remember that old 401k?
May 7, 2013 12:00 amDerek Amey has some tips on reducing financial clutter and simplifying your path to retirement!
It seems like winter has dragged on forever around these parts, but I started to pull out the shorts and golf shirts from storage this weekend. More than o…
Picking Bond Funds in Your 401(k)
April 1, 2013 12:00 amMuch has been written about an impending bear market in bonds. Interest rates are expected to rise in the future and that could mean a decline in the value of your bond holdings and added risk to your portfolio. Forewarned is forearmed. Right? Well, no…