After tax 401k contributions have been a source of confusion for most people who can contribute to a 401k plan. It used to be tricky how to handle after tax 401k contributions once you leave your company or retire.
Guest post from David Waldrop, CFP® with Bridgeview Capital Advisors, Inc.
Savers have you been frustrated with low interest rates offered from banks? I feel your pain! Universally clients always ask where they can get a little bit better interest rate for their savings accounts. I usually tell them that they need to be patient and interest rates will rise someday. Looking to online banks is a viable alternative.
Bringing balance to our lives is something all of us strive for daily. It might be balancing your work and family life or your professional goals and your personal goals. We struggle to figure out how to best meet the demands that we are looking to accomplish. Our investments have an alignment issue at times as well.
The leaves are starting to fall and pile up which means we are less than two months away from year end. Here are a few simple things you can do to help your financial situation as we wrap up 2015.
Review Your 401k
Family’s schedules are typically packed with school, activities for you and your children and squeeze in work for you. I recognize the last thing on your mind is putting together or establishing an estate plan.
A dollar today or two down the road. That is how you should approach using your Health Savings Account (HSA). Those individuals and families who have high deductible insurance plans can participate in HSAs and contribute on a pretax basis.
Global markets had their worst quarterly performance since the depths of the 2011 Eurozone credit crisis. The turbulent market conditions were largely caused by slowing growth in China, China’s devaluation of their currency, concerns that global economic growth is declining and questions over when the US will increase interest rates.
This was the worst quarterly performance for stocks since the third quarter of 2011. The complacent conditions for stocks in the first half of the year eroded into the first correction, defined as a 10% decline, in over four years.
Here is a great list of the different biases we exhibit whether in making a large financial decision or deciding what kind of coffee we are getting at Starbucks.