New stories from GeekWire and the New York Times reveal that your 401(k) mutual fund may include investments in tech companies like Uber, Pinterest, and Airbnb.
30 years later, we have discovered that, if our 401(k) is indeed our primary way of accumulating money for retirement, we’re kinda screwed.
Men aren’t saving as much proportionally but, because of a glitch in the system that works in their favor (patriarchy), they have more total.
Let us know if you have questions about your IRA, your 401(K), or the ACA (aka Obamacare).
Anyway please note that my 1 Thing is not to roll over the 401k so much as it is open a single envelope that I have had sitting in my purse for a week. Anyone feeling more ambitious than I am?
I still haven’t had a chance to watch Orange is the New Black on Netflix yet (waiting for that Labor Day binge), but I’ve read a few pieces about the show, including Adam Davidson’s piece in the Times Magazine about how prison commissaries work, and the difficulty Piper Kerman has to buy simple things like shower shoes and a radio.
According to the Melbourne Mercer Global Pension Index, the retirement system in the U.S. gets a “C” grade—”a system that has some good features, but also has major risks and/or shortcomings that should be addressed. Without these improvements its efficacy and/or long-term sustainability can be questioned.” In the Harvard Business Review, Justin Fox argues that retirement risks are best when shared, and uses the Dutch as an example (an imperfect example, but one with a system that scored much higher than the U.S.), where more than 90 percent of the workforce belongs to a pension plan, and its funding ratio (ratio of a pension assets to its liabilities) is 104 percent. Reuters reports that the average funding ratio for state pension plans in the U.S. is under 70 percent.