Signs you have a good 401k plan
Here's how to tell if the plan offered by your employer is a good one -- and how you should proceed if it's not as great as you'd hoped.
VIDEO ON MSN MONEY
A good plan looks after those without much disposable income and matches not on contributions, but on W-2 income.
Also, a good plan contains a ROTH provision.
A good plan has at least 4 index funds (Large Blend, Midcap Blend, Smallcap index and aUS Bond Index,
A good plan has a written investment strategy with a watch list and periodic replacements of poor performers.
No mention here of a 401k with a PCRA option. That is the most important factor. They left it out of the article. Makes me wonder . . . . . . . .
Shouldn't it be "Signs you have a bad 401k plan", you're more interested in helping those who are getting ahead, than those who who aren't as lucky. It's embarressing, how you've forgotten the people who are struggling. And while you're at it, blame the President, it's quite obvious Congress is behind him. No wait, Congress is only driven by party, and outside influences. To hell with what's best for the people of this country.
Ok. Here is the scoop. You all did not lose a thing during the market downturn unless you sold. If you rode it out, you actually should have made money. Quite a bit really. If you did sell and move it you probably did lose. If you are old enough to be in retirement range and need your money for living, you should not have been in volatile investments like stocks. You should have been in secure holdings, bonds, cash etc type of holdings.
If you are younger and paid attention to your investments you could have made a lot of money. We did.
If your actually in a 401k, there is no such thing as a good 401k. So many people just lost there retirement 401k becuase of the greedy sponges on wall street. Put your money in your mattress, or shoe box, or local credit union. Don't let the greedy bastards have your money again.
Occupy Wall Street
Oh, Great article! Age is nothing but only a number of candles on your cake. My husband and I both think so. He is 48 years older and almost 20 years older than me. He turned out to be everything I wanted, protective, generous and kind. I felt very blessed and fortunate to have met him on（（（MY NAME ））） It’s a nice community for younger women who want older men, or older women who want younger men. Have a try. You will find your special one there.
Plan participants who get little in the way of an employer match, for example, will need to defer more of their monthly income to meet their long-term savings goals, she says.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.