401k retirement plans are a great way to save for retirement. I am frequently asked how much money my clients should put away for retirement in their 401k and when should they start to use some other type of account. That question is usually specific to the individual’s financial position as well as how their 401k plan stacks up against other investment account options.
The S&P 500 continues to move higher hitting fresh all time highs last week.
Early May Saturdays remind some of the Kentucky Derby while others are drawn to somewhere in middle America (my apologies to the Counting Crows).
The US markets keep hitting all time highs but the biggest rally during the past few months has been in Japan. The Nikkei has surged over 30% in US Dollars since November 14. The returns are even better in Yen terms with the index flying up 58% in the same period.
Stocks rallied last week as corporate earnings reports largely met expectations. The trend continues again this quarter that companies are beating or meeting earnings estimates but coming up short on revenues expectations. On the economic front the US economy grew at 2.5% in the first quarter.
So you recently (or maybe not so recently) left a job. You probably cleaned out your desk before you left but did you remember to take your 401k with you also? One of the most frequent questions I get is what should I do with my old 401k. There are four options:
This is Part 2 of on my thoughts of why you should use an investment advisor.
Often times when I meet with individuals they think the reason to hire an investment advisor is so they can have their own personal Warren Buffet to pick stocks and outperform the stock market.
Equity markets around the world saw the momentum from last year carry over to 2013. Stocks largely discounted news out of Europe and posted solid first quarter returns although were unable to match the strong performance in the US markets. The US Dollar was strong against the basket of currencies around the world which was a headwind to performance.