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How Retirement Plans Are Hurting Investors
Corporate 401k & IRAs need more flexibility…
Some in the financial media are finally admitting that buy and hold investing doesn’t work, and in particular has performed horribly over the last 10 years.
Obviously, the only alternatives to buy and hold are either market-timing, or staying out of the stock market altogether. However, the latter would mean not participating in what has always been the best investment area, better than real estate, bonds, art, collectibles, or what have you.
That leaves market-timing.
But Wall Street and the media still can’t bring themselves to actually use the phrase “market-timing.” That’s understandable after all the years of…
Four Ways to Protect Your Retirement From the Ongoing Financial Crisis
In the depths of a bear market that has carved between $500 billion and $2 trillion from U.S. retirement accounts so far this year, as many as two-thirds of all Americans have stopped contributing to their retirement plans, a new study shows.
And that’s precisely the wrong decision to make at the wrong time. No matter how poorly the financial markets are performing, saving for retirement has to remain a top priority.
“It’s not a time for people to stop contributing,” Diane Young, director of retirement and goal planning at TD Ameritrade Holding Corp. (AMTD), the Omaha, Neb.-based brokerage firm that conducted…
29Oct2008 | Money Morning | 1 comment | Continued
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