Saving and Investing

Changing Jobs and Your 401(k)

If you’re moving to a new employer, you may be wondering how you can secure the retirement savings you’ve accumulated. While specifics differ among companies, the most commonly offered retirement plan is the 401(k). In case you’re not aware of how it works, the 401(k) allows you to invest directly from your gross income without …

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Don’t delay starting a retirement savings program

The old saying “you snooze, you lose” is especially applicable to saving for retirement.


No lesser a genius than Albert Einstein once declared “the power of compound interest” to be “the most powerful force in the universe.” That’s probably true; and the second most powerful force is arguably the power of regular saving. Together, they’re “thermonuclear” in power—but only if they have enough time to operate.

For example: based on reasonable historical assumptions, a 55-year-old will have to put away $610 per month in order to have $100,000 saved up by age 65. If he or she had started 10 years earlier, only $216 per month would need to be saved in order to achieve the same result. And if the savings program had begun at age 25, only $50 per month would suffice!

Gold as a Retirement Investment

Gold as a Retirement Investment?

When people think of retirement investments, gold rarely crosses their minds. After all, gold doesn’t provide any income, and the whole purpose of saving for retirement is to replace the income shortfall when you’re not working any more. To be sure, gold makes little sense for those who are already retired, and are seeking an …

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Future retirees beware: Wall Street is after your pension money

The big Wall Street banking and investment firms—the same fine people who brought us the subprime credit meltdown and the mortgage crisis—are now lobbying lawmakers to allow them to buy up and manage your pension fund money. According to a recent Business Week report, roughly $500 billion—that’s half a trillion dollars—is currently sitting in so-called …

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