Sprint has been one of Kansas City's larger employers for a generation. Despite some ups and downs with Sprint's core business the 401k plan has been a great place for you to save for retirement.
Owning your company’s stock in your 401k is a common way to save for your retirement. When you leave your company you will probably just roll your 401k or other workplace plan into an IRA and not think twice about the process.
Most investors are chronically underweight in international investments for their portfolios. Recently, I have heard more people discussing their international allocation has been a drag on their portfolio and are considering reducing or eliminating their holdings. US stocks have just crushed global stocks on a relative basis for a number of years.
Americans as a whole are a patriotic bunch. We love to drape ourselves in the red, white and blue and root for the all things ‘Merica. The same holds true when it comes to our investments. Retirement and other investment portfolios tend to be invested almost exclusively, or at least overweight in US based investments.
The United Kingdom’s (UK) vote to leave the European Union (EU) set off a shock wave across the global political establishment and global financial markets. The outcome of the BREXIT vote was unexpected and global stock markets sold off sharply in the days after the June 23rd referendum.
The United Kingdom’s (UK) referendum to leave the European Union (EU) provided a brief shock to what was otherwise a good quarter for US stocks. The US markets rallied in the weeks leading to the June 23rd vote in Britain. Stocks sold off about 5% the two trading days after the BREXIT vote only to rally in the final three days of the quarter.
When you pass away if you could not leave any money to your children, but only one piece of financial advice, what would it be? I was asked this excellent question and had to pause. My mind raced trying to think of all the financial advice I had heard and also given, things you want your kids to avoid and habits you want kids to know sooner than you figured them out.
Your corporate retirement plan is a key part of reaching your retirement goals. When it comes to Cerner’s 401k there are great internal resources from HR, but sometimes an outside perspective can help you answer some questions about the 401k investments at one of Kansas City’s largest employers.
As humans we are built to recognize patterns. If we roll two dice and they come up with snake eyes three times in a row our natural inclination is to think that on the fourth time they’ll come up again. The odds remain the same to roll two ones on the dice but our minds are drawn to the trend. Overtime these trends start to form biases in our thinking.