The current market volatility is especially unsettling for those approaching retirement. Fortunately there’s a way to help keep your retirement plans from going off course, as Rob Williams of Schwab explains. Market swings may not be all that’s eating away at your nest egg, according to researchers studying 401(k) plans. NPR reports on the excessive fees that are undermining employee retirement plans. As the tech sector continues to roll out new innovations, more investors are learning about the potential for the “Internet of Things”. When your devices are all sharing data, it offers a whole new way to perform everyday tasks. Grant Bowers and JP Scandalios write about why this development is so significant.
Help Keep Volatility From Derailing Your Retirement Plan– To help lower the damage from volatility and keep your retirement plan on track, consider investing a chunk of your portfolio in relatively stable assets that can withstand wild price swings. Allocate enough in cash and short-term bonds to cover two to four years’ worth of living expenses. This way you are not likely to be forced to sell stocks in a down market just to make ends meet. Rob Williams explains in this article. Read more…
Is Wall Street Eating Your 401(k) Nest Egg?- Americans collectively are losing billions of dollars a year out of their retirement accounts because they’re paying excessive fees, according to researchers studying thousands of employer-sponsored retirement plans across the country. The researchers say part of the trouble is that many employers that offer 401(k) plans to their workers are outgunned by financial firms that sell them bad plans loaded with hefty fees. That’s especially true, they say, for small and midsize employers that don’t have much financial expertise in-house. Read or listen to this NPR report. Read more…
Connecting With The “Internet of Things“- While many consumers are still getting used to having a computer in their pocket or purse, technological innovators have even more tricks up their sleeves. Grant Bowers and JP Scandalios of Franklin Equity Group believe the latest trend, the “Internet of Things,” is changing the way people live their lives. They discuss why they think the movement is important and analyze other opportunities in the tech sector. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller