[Live Training] What the Hell Should I Do With My 401(k)

[Live Training] What the Hell Should I Do With My 401(k)

It’s November. And in the U.S. that means Election Day (you voted yesterday, right?), Veterans Day, Thanksgiving, and Black Friday. The beginning of November also means the start of the benefits season for most U.S.-based companies and organizations. And if you work for such a company or organization, in the last few days you probably received a notification from your employer that you have 2-3 weeks to make decisions about your 2013 benefits. The 411 on 401(k) If you’re not enrolled in your employer’s 401(k), then this is your chance to do so. And if you are, this is an opportunity to re-assess your holdings and determine if any adjustments are necessary. But if I’m correct and you are like most people I speak with, I bet you: want help figuring out which mutual funds to select from the options made available to you by your employer are tired of getting investment information from your employer that reads like jibberish — you want to better understand what you are receiving and you want step-by-step instructions on how to tailor that information to your specific situation so that it has more value want to stop being passive about this whole retirement planning thing — you’re ready to be more proactive and learn what you don’t know want help figuring out what to do with the mutual funds you have in a former employer’s plan — you wonder if you should roll-it over into your current plan or open an IRA (or Roth/IRA) want to know if you’re contributing enough to your plan to really make a difference — you find...

Money Myths & Truths

In the November issue of Essence Magazine, Charlotte Stallings, Stacey Tisdale, and I debunk nine (9) prevailing money myths, such as: “It takes thousands to start investing.” (Myth #1); “My kids will provide for me in retirement.” (Myth #4);  “Using a bank debit card is the same as cash.” (Myth #7) If you are not a subscriber, the issue is on newsstands now! Our advice begins on page 103 and provides truths to live by for investing, home-ownership, managing your 401(k), managing the sandwich generation, credit and debt management, insurance, and cash management. And a bonus for me: “Financial Intimacy” (see page 109) is listed as one of five (5) must-read money books!...