Who is Managing your 401k Investment Losses? Wall Street? or You?
Who is Managing your 401k Investment Losses? Wall Street? or You?
Are you aware that the average American’s 401k Losses May be more than Double what was previously thought?
How much did you lose since January 2008?
Most, but not all of America has stood by and helplessly watched the value of their retirement investments plummet in recent months. Some families have lost 30-50 percent of their portfolios. The Dow is down over 40% for the whole year to date.
Since 1974, Congress has promoted the dramatic movement in corporate America away from defined-benefit “pensions†to “401(k)s†with policies encouraging automatic enrollment and raising contribution limits. Under 401(k) plans employees contribute to their own investment accounts and assume the risks and rewards that go with them. Lately, with the crisis on Wall Street and across the globe, it’s been more risk than reward.
Just where did you gain your 401k investment knowledge America? You are aware you are responsible for your financial 401k decisions. What tools do you utilize for managing your wealth America?
In October of 2008, The House Education and Labor Committee found that Americans’ retirement plans, pension plans and 401(k)s included, have lost as much as $2 trillion in the past 15 months– about 20 percent of their value. At a committee hearing last month in San Francisco, new research was presented suggesting that the losses might be double that in the $4 trillion range.
Increasingly, employers are putting the responsibility for retirement, and the risk, onto workers themselves by switching to investment plans like 401(k )s.
What are you doing to handle that responsibility? Are you investing in yourself to understand the Markets and other financial analysis tools; if not you need to get on board and take responsibility for your own retirement investment accounts.
Some tools that that may be helpful and offer training are: www.Investools.com , www.Thinkorswim.com , and www.optionsxpress.com these sites have been very helpful in assisting some people in not losing vast portions of their retirement portfolios when utilized in a methodical manner with “self and mentored training”. Now go out there and begin turning your retirement accounts around, NOW is the time to prepare for your tomorrow.
Best wishes!
Please leave a comment, I would love to hear your thoughts!
See You on the beaches of the world!
Hank Jennings
Lighthouse Marketer
Internet Marketing Addict
Just Your Basic Nice Guy
www.lighthousemarketer.com/hjennings
www.lighthousemarketingbook.com/hjennings
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Comments
WHO IS MANAGING YOUR 401K INVESTMENT LOSSES rings the bell for personal financial responsibility. This is good, but sad times for those not empowered
It’s better to control our money , future by our self instead of others but most of the peoples are not like to do that.
Well said!! Most of us lend our money to someone else and let them to control our money and bring up the sad times. Why not we control our own money ourselves? Thanks for sharing..
The main thing thing we have to keep in mind that financial matters should not keep much trust on other it should be organize by you only and most of us will lend money to some one else which is not good to us quarrel will raise in the money matters only .
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Hank
This is so true. it is so much better to be in control versus someone else controling your money and your future. The problem is it takes time and work and most people are not willing to do that. Probably explains why the people that do put in the effort are not in as bad as shape as those that don’t. there is something to be said for responsibility.
Thanks
Robert