hat looks like disaster to you and me can look like paradise to someone canny enough to find opportunities amidst the wreckage. At least that’s what an odd pair of good-news-bad-news articles I came across in the Detroit News seems to suggest.
First, the bad news. It’s no secret that Michigan isn’t exactly the happiest state [...]
For beleaguered investors in 401(k) retirement plans, the news keeps getting worse. Over the past year the typical plan participant has suffered a loss of anywhere from 20% to 35%. Now a growing number of employers are adding to their workers’ woes by cutting their 401(k) matching contributions. A recent survey by Spectrem Group found [...]
The good news and bad news about your nest egg: You can find ways to make it last, but it’s not going to be pretty.
I’m retired and have lost a third of my savings and a third of my monthly income. I don’t have earnings, so I can’t add new money to my retirement portfolio. [...]
s private mortgage lending all but dried up over the past year, the federal government swooped in and repositioned the Federal Housing Administration’s (FHA) insured-mortgage program to pick up a lot of slack. For those who aren’t familiar, the FHA program allows folks with middling credit scores and little down payment to qualify for a [...]
You can always make a case to regularly retool your account - and this year, it’s especially important.
Normally I rebalance my 401(k) at the end of the year. But considering the losses I have in my account, do you think I would be better off waiting for the market to stabilize before rebalancing? - Samuel [...]
