Smart401k Blog

  • 3 Investing Expenses Worth the Splurge

    Wasting money is easy. Case in point: a start-up company called Washboard launched this summer with a simple enough service aimed at consumers without a washer and dryer at home.
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  • 3 Stages of Saving and Spending in Retirement

    Although you have probably calculated the value of your nest egg in terms of annual retirement income, what you will be spending immediately after leaving the working world will likely be very different as you move further into retirement.
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  • 5 401(k) Mistakes to Avoid

    Setting up retirement plan contributions and choosing investments is the first step toward saving for your future. There are, however, mistakes that can derail the best retirement aspirations if investors are not careful.
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  • Fear and Your 401(k)*

    My name is Kevin, and I have a fear of snakes. Even though I know most of them are harmless, I cannot fight the urge to head the other direction as quickly as I can. I’ve always been somewhat embarrassed by my excessive fear, but it turns out this is fairly common. Studies suggest that this fear has been conditioned in humans because of the danger snakes posed for our ancestors. And besides, the manly-man Indiana Jones was also terribly afraid of snakes.
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  • It's Never Too Late to Start Saving for Retirement

    Since the day I started working in the financial industry, there has been one question that seems to come up more than the rest. I hear it from family, friends, friends of friends and even complete strangers. The question is this: “I haven’t done anything to start saving for retirement, is it too late?” Whether the person asking is 30 or 50, the answer is always the same – NO!!! And if you haven’t already started, it’s more important than ever to get started now.
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  • Helpful New Retirement Planning Tools

    For the majority of Americans, who do not work within the financial industry, a lot of investment jargon can sound like the teacher in Charlie Brown cartoons (wa wa wa wa wa wa wa) – it just sounds like blather. Even if you understand the investment-speak, there are so many other obstacles to understanding your investments, like knowing your investor type, establishing your investor goals, ...
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  • Why Bother to Invest if I Never Plan to Retire?

    A few weeks ago I received a call from a new Smart401k member. This individual was upset about how much money they lost during the bear market of 2008 and early 2009. They were worried that they would never have enough saved for retirement and would have to, as this individual put it, “work until the day I die.”
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  • 401(k) Loans - What you need to know

    Recently I’ve been getting calls from people considering the loan option from their 401(k). They knew their plan offered a loan and wanted confirmation that it wasn’t a big deal to use this feature. With each call I explained the long-term effect taking a loan would have on their account; many were unaware of what this event could do to the long-term potential of their retirement savings.
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  • The $5.5 Billion Mistake

    Recently The Motley Fool published an article I wrote about the biggest mistakes I see people make with their retirement investments. Take a few minutes to read the article and let me know what you think. I'd love to hear your comments and know if you have any additional mistakes you think we should tackle.
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  • Planning Your Ultimate Vacation: Retirement

    This is the time of year people plan a summer vacation, and I am reminded of a statistic I’ve heard a few times over the years: many Americans spend more time planning their vacation each year than they do planning for retirement.
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  • How Much Do I Need To Save for Retirement?

    You're stashing away money in your 401k account every month. You may even be contributing to a separate IRA account. Yet the question still nags at you: Am I saving enough for retirement? If you're asking that, don't worry, you're not alone. In fact, that is the most common question that we get here at Smart401k.
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  • 'Dieting' in Preparation for Retirement

    At first glance, the diet industry and financial services industry seem to have nothing in common, other than being multi-billion dollar markets.
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  • 5 Considerations for Migratory Retirees

    Whether you’re already a snowbird, within a few years of starting your migratory lifestyle or just dreaming and strategizing, here are some things to consider as you do your financial planning:
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  • 7 Ways to Blow Your Retirement Nest Egg

    This post is part of Smart401k CEO Scott Hollsopple’s contribution to the U.S. News & World Report Smarter Investor blog series. To view the original article. Original post date October 1, 2013. If you're within five to 10 years of retirement, you need to start thinking about how to preserve your retirement wealth.
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  • 3 Investing Expenses Worth the Splurge

    Wasting money is easy. Case in point: a start-up company called Washboard launched this summer with a simple enough service aimed at consumers without a washer and dryer at home. Those signing up for Washboard received rolls of quarters (through snail mail) to use when doing laundry.
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  • 3 Stages of Saving and Spending in Retirement

    Do you behave the same way you did 20 years ago? Are your spending habits the same? What about your saving behavior and income?
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  • Blog Round-Up: Ideas for Life During Retirement

    Posts included in today’s round-up speak to the theme Ideas for Life During Retirement.
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  • 5 401(k) Mistakes to Avoid

    Setting up retirement plan contributions and choosing investments is the first step toward saving for your future. There are, however, mistakes that can derail the best retirement aspirations if investors are not careful. Here are five retirement investing traps to avoid: Not knowing your personality. When it comes to investing, knowing your personality is the key to maintaining any strategy. Picking investments based solely on what friends, coworkers, or family members are using is not typically a wise idea. Those individuals may have a higher or lower tolerance for investment risk or have different investment goals.
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  • Envisioning Retirement: Try Northern England

    More studies and data are showing the benefits of envisioning your own retirement. People who can envision themselves in retirement are more likely to save more money and diligently plan for retirement.
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  • How Could Your Retirement Finances Affect Your Friends and Family?

    Think about all your family, and even your friends. Your financial situation during retirement could be part of their lives too.
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