401k - One Cent At A Time

10 Reasons 401(k) May Be a Risky Investment For Some

March 30, 2015 1 Comment

As a personal finance blogger, I have been telling in almost every retirement focused blog post that the bets thing you could do for yourself is to save away money in retirement fund, aka 401(k) or 403(B). When I received this guest post I was about to reject and send an apology email to the author. But I took time to read it and it started making sense. He’s not asking you to stop investing in 401(k) but he’s mentioning some of the hidden flaws of the system and possibly he’s also motivating you to use every kind of retirement assets, like IRA, Roth IRA, Annuities, etc along with 401(k). Enjoy the post!

Is 401(k) fund Risky

For many millions of people, a 401(k) plan is seen as the ultimate security blanket. It’s the proverbial pot of gold at the end of the employment rainbow.

Effective Ways to Protect Your IRA or 401k with Gold

September 27, 2013 9 Comments

This is yet another guest post from Bill. Bill likes to reach out to my readers again and again and, now I am afraid if you all are going to leave OCAAT for Bill’s blog. Anyway, as usual, this is another great post from Bill, enjoy the post! In case you’re wondering about my absence from blogging, life caught on, I’ll be back soon.

It’s never too early to prepare for retirement. In fact, the earlier you start, the better off you’ll be once you reach your Golden Years, since you’ll have extra money to do the things you’ve always wanted to do.

Are Young Adults to Be Blamed for Not Having Retirement Savings?

April 19, 2013 17 Comments

I was going through the Scottrade 6th Annual retirement survey for 2012. Compared to 2011 the trend seemed favorable to what we, the personal finance bloggers, want to see. Americans all across the board started saving more, spending less and the participation in tax deferred accounts increased. Boomers, Gen X are planning actively for their future

Scene is still not bright for Gen Yers, on the other hand still have a lot to catch up. Today’s young adults fall in this category, age 18 -28, to be precise. As per the survey, only 63% of working class gen Y hold tax deferred retirement account (employer’s 401(k) or IRAs). Still there’s a ray of hope:

Bolster Your IRA in 2013 with Gold

February 6, 2013 2 Comments

Over the last decade, many investors have experienced significant losses or underwhelming returns in their retirement accounts because of the violent fluctuations in the stock market. Even those investors who allocated capital into cash investments like CDs or savings accounts have failed to realize returns that have maintained pace with inflation.

However, those astute investors who placed capital into gold over the past decade have realized tremendous returns in their portfolio. As central governments print money to stimulate the sluggish global economy, the price of the commodity continues to rise. Investing in gold through your 401(k) or IRA retirement account is a savvy tactic for you to protect and growth your wealth.

Why gold?

Traditionally, gold is sold as commodity, but it can be purchased as numismatic coins as well. Unlike other commodities such as coffee or copper, gold doesn’t have many practical applications. Many investment professionals consider this an advantage for the precious metal to maintain its value because it doesn’t depend on a singular industry or sector of the economy. In addition, the price of gold traditionally rises as the price of other asset classes fall. (Related – The Better Investment – Gold or Silver)

How Can You Benefit From 401(k) Fee Disclosure Requirement

July 11, 2012 5 Comments

Starting this month, 401(k) providers must clearly disclose the fees they charge to employers for the retirement savings plans, The fees include investment management, record keeping, administration and other services. The employers must then share that information with their plan participants (employees).

The fresh procedure is actually aimed in order to aid employees recognize where their hard-earned cash is going and enables them to make decisions that are more enlightened. Don’t let these new disclosure norms keep you away from making your investment plans for retirement and take the following steps, so that you are not in for an unpleasant surprise down the road. Rather get the full picture of how much of your money is invested in actual stocks/bonds vs. how much is going toward fees.

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