If you believe at all in the January Barometer (financial-folk-lore that if markets do well in January, the year will be good), then we’re in for a great year! The S&P 500 is up approximately 8% this year and most of the economic reports seem to be more upbeat than they have been in recent years.
So what is there to worry about? Well, in the words of Warren Buffett:
• “Be fearful when others are greedy, and be greedy when others are fearful”.
Looking for Safety:
When my 401k dropped nearly 50% during the Great Recession, I decided it was time to stop playing offense and beef up my defense when it came to how I invest my money.
Let me be the first to say “Congratulations”! Despite the intimidating packet of papers you need to review and fill out as well as the dozen 401k questions you probably have, this is a great opportunity for you!
Not only will you be starting down the road to financial freedom (in other words: retirement), but you’ll also be given the opportunity to make FREE MONEY! Yes, I said free money! Why is it free?
1) The money you put away comes out of your paycheck BEFORE taxes and it grows tax free until you retire!
2) Your company will likely (as a lot of companies often do) kick in a little bit extra cash in addition to the money you plan to put away. Who wouldn’t take a little extra money for free!
Without further ado, let’s see if we can tackle some of your 401k questions with a few of the topics below:
/ Tags: 401K
, 401k questions
, asset allocation
, free money
, Stocks & Investing