Today there are two articles I'd like to highlight for your enlightenment and reading pleasure. (By the way, If you haven't guessed, I'm still in the process of deciding what font to use. Sometimes it's to big, other times, too small. I'll find a delicate balance soon to stay easy on your eyes. ) OK, to the stories:
First, we have a good one from CNN Money which talks about ways to enhance your 401(k) offerings at your job. Believe it or not, you can have some impact on how it's set up, no matter if you are a senior manager , the entry-level analyst, or secretary. It's your future, so consider some of the options mentioned in the article. One of the more intriguing ideas I read was on the Roth 401(k):
Unlike a regular 401(k), the Roth version - permanently greenlighted by Congress in 2006 - lets you make contributions only after the money is taxed. But withdrawals are tax-free. If you'll be in a higher bracket in retirement, a Roth 401(k) can be a better deal.
Overall, it's a good read, but some of it seems somewhat suspect to me, like one that mentions choosing a re-balancing service that will buy and sell stocks and bonds for you in your 401(k) quarterly. I think that's far too many times to trade considering the fees you'd rack up. And then, what if you under-perform the market? You'd still have to pay them a certain amount of your balance.
For those of you who've been making it through the "recession" we're going through, congrats! However, if you think you may be a part of a workforce reduction (I prefer the term FIRED, but I guess that's not euphemistic enough), then consider reading this article from the NY Post on a graceful way to exit the stage (and set yourself up for the your next performance at your future job). And even if you feel safe, it won't hurt to give it a read.
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