My Loans Consolidated

Today I bumped into an article referring to another article written back in October 2009 in Time Magazine. Time Magazine at the time ran this headline, “Why It’s Time to Retire the 401(k).” Robert Kiyosaki, the writer of the article that I stumbled on this morning referred to the headline and called the 401(k) the biggest scam ever.

According to him, very soon the first of 75 million baby boomers are going to retire and when this happens it will lead to the biggest stock market crash in history. If you are from the baby boomers generation and do have a 401(k), my concern is for you.

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Popularity: 1% [?]

You might have noticed the value of your 401(k) drop significantly over the past year. Many are now considering to re-direct contributions to somewhere else until the economy gets settled. Some people are putting their 401(k) contribution to a more secure investing option.

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Popularity: 11% [?]

Some people have been recommended by financial expert that they do little monitoring over their 401k account. But the truth is, if you actively contribute to your 401k account, you should be monitoring it closely as there are always benefits to do so. Here is how you can monitor your 401k account.

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Popularity: 6% [?]

When most people have so much trouble saving for retirement when times are good, how is it possible to do so in our shrinking economy, where unemployment rates are increasing and even investments are not giving us any security?

Unless you can create some passive income streams while still keeping your day job, you may have to accept the fact that early retirement will not happen to you. You may have to work longer that you have ever thought you would. While still keeping your day job as long as you can, your creativity in generating passive income will determine whether you will have to work into your 70’s or not. Small businesses, home businesses and online business opportunities are booming these days. With all the technology today, it is very possible to start your own business either part time or full time, with less investment than ever before.

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Popularity: 5% [?]

When it comes to retirement plans, which is better, Roth or Regular?

Popularity: 5% [?]

If it is about retirement fund, no amount of money is too big.

But due to the global economic crisis eating up the life of 401(k)s, IRA and pensions, many people wonder whether they could still make it to retire early or at all.

People can set their goal as they wish but the question now is whether they could ever get to it.

Recouping 8-9% every year from retirement accounts was very common for investors in the past years but these are now off the table.

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Popularity: 7% [?]