Mickey Kim: Danger: Private funds are salivating over your 401(k)
America’s 401(k) system controls over $12 trillion in retirement assets, the single largest reservoir of investable long-term money on the planet.
America’s 401(k) system controls over $12 trillion in retirement assets, the single largest reservoir of investable long-term money on the planet.
Knowing when to sell an investment is just as important as knowing when to buy.
In the business world, we like to pretend that HR is a utility—something we plug into the wall when we need a solution.
This distinction isn’t just marketing. It’s a legal lifeline.
Which is exactly why my goal is to have less income in retirement than I require as a working person in the prime of my career (or past my prime—whatever).
To no surprise, I’ve spent the last 30-some years attempting to learn from the mistakes of others, so that someone else’s pain could end up being my gain.
Some people hate roller coasters.
I’m getting older, and I want to be as mobile and active as possible for as long as possible.
Their automated approach leaves little room for adaptability or specificity that comes from working with traditional financial advisers.
It feels like progress. But it might just be financial cardio: lots of motion, very little gain
But on the journey from dollars to peace, I considered and toiled over several other ideas.
The ideal time to start a financial plan is in high school.
This is why people are tiptoeing into retirement now, instead of busting through the retirement wall like the glee- (and sugar-) filled Kool-Aid Man.
That’s the thing about a mother’s love: It’s quiet, consistent and completely irrational in the most beautiful way.
Graduation is a great time to get a start on building a firm financial foundation.
I want to challenge you—yes, you—to find a way to cut $1,000 a month from your spending.
Let me be clear: This will not be painless.
Insurance works on the principle of the Law of Large Numbers.
Do you know what’s not arbitrary? Keeping and growing your money.
With the “honeymoon” over—in that the S&P 500 has surrendered all of its post-election gains—some historical perspective might help you survive the storm.