Lessons learned from sad 401k story

Reading Time: 2 minutes WSJ ran an interesting article “Retiring Boomers Find 401(k) Plans Fall Short” over the weekend (link here, if not work please google the article to get it). I felt sorry to read this: …Gloria Moss has been contributing to a 401(k) since 1985, when she went back to work after having children. Especially after divorcing,… Continue reading Lessons learned from sad 401k story

Looking for a few good reviewers and bloggers for iPhone app

Reading Time: < 1 minute I am looking for a few good reviewers and bloggers for my 1st iPhone app, myNestEgg ~ the retirement calculator. Here are a few basic requirements for the reviewer/blogger: 1) An iPhone, iPod Touch, or an iPad device with iOS 3.1.2 or above. 2) Has an iPhone app review site or a personal finance blog… Continue reading Looking for a few good reviewers and bloggers for iPhone app

What is American Funds and my 401k choice

Reading Time: 2 minutes It’s 401k enrollment time, because of my recent job change. I have lived life without 401k contribution for several months now, although I tried to keep up with buying mutual fund Scottrade IRA account. But I found this IRA thing is not as easy my good old 401k account. Couple reasons: 1) Automatic payroll deduction… Continue reading What is American Funds and my 401k choice

401K, IRA, Roth IRA

Reading Time: < 1 minute How to deal with 401k when leaving a job? Some options: 1) Take it out, with 10% penalty, and potential income tax later on. This is usually not recommended. 2) Rollover to an Rollover IRA; or Rollover to the new employer’s 401k. I did this once: not because of change of job, but because of… Continue reading 401K, IRA, Roth IRA

Is 401k a scam?

Reading Time: < 1 minute As millions of American workers saw their 401k became 201k since last year, this 401k thing suddenly becomes a hot topic. CBS 60 minutes did an excellent report on this topic. Watch CBS Videos Online My thoughts

My 401k strategy

Reading Time: < 1 minute New 401k in Vanguard Two weeks into working for new employer, today I am able to make my 401k selections from Vanguard. Sweet! It only took me a few minutes to make my choices: (30%) S&P 500 index fund (VFINX) (30%) Winsor II (VWNFX) (40%) International value (VTRIX) If there is one thing I learned… Continue reading My 401k strategy

CFA, 401k, Berkshire shareholder meeting

Reading Time: < 1 minute I printed out the CFA exam admission ticket yesterday, the test will be hold on June 7. Still got to read up the economics (my least favorite topic). So far I have read “financial management and statement analysis”, “quatitive methods”, “equity analysis and portfolio management”, and I’ve almost completed the “Options and derivatives”. Another thing… Continue reading CFA, 401k, Berkshire shareholder meeting

New 401k, $25 from MasterCard, Staples Rebate

Reading Time: < 1 minute 401k My new 401k plan did first purchase yesterday. I got 0.47 shares of company stock plus other mutual funds. If this rate holds, I am going to get 12 shares this year 🙂 MasterCard CCF settlement I registered for $25 settlement fees. Now waiting its arrival to my mail box…I understand it will take… Continue reading New 401k, $25 from MasterCard, Staples Rebate