Author Archives: David Pitt
Hiring financial help is hard. Anyone looking for assistance managing their money will quickly encounter an alphabet soup of professional designations. Two of the more common are CFA, which stands for chartered financial analyst, and CFP, for certified financial planner. Read More
The performance of stocks in October — their best month in almost a decade — makes it tempting to peek at your 401(k) balance. Read More
The single life isn’t always the simple life. When it comes to financial planning, being on your own doesn’t mean managing your money is a cakewalk. That’s especially true today. Read More
On TV it’s rare for couples or even roommates to fight about money. Reality isn’t always entertaining. Arguments about finances are often what lead to the end of a relationship. Read More
The numbers show that times are still tough financially. More workers are taking money from their 401(k) accounts early and using the hardship withdrawal rules to give them access to needed cash. Read More
Workers have become more involved in retirement planning but too often just one member of the family takes care of investments and strategy, leaving the spouse unprepared to take over if needed. Read More
Home prices aren’t what they used to be. Their steady decline may be causing your anxiety to rise. After all, buying a home is a big commitment. But even in a down market, how you go about deciding whether to buy a home remains the same. Read More
“It’s my money, why shouldn’t I use it?” It’s a mindset that can be a slippery slope when it comes to your retirement savings. Indeed many workers may be robbing themselves of a secure future by viewing their 401(k) account as a piggy bank that can be tapped all too easily. Read More
Stretching a starting salary is tough work. Recent college grads often are just learning to manage their own finances at a time when they’re bearing the cost of setting up their first homes and making student loan payments. Read More
The average balance of 401(k) retirement plan accounts managed by Fidelity Investments rose to $74,900 at the end of the first quarter, the highest level since the company began tracking balances in 1998. Read More
There’s a tremendous lack of knowledge when it comes to planning for health care costs in retirement. Read More
Managing money doesn’t get easier with age.
Workers often hit their peak earning years only to be pulled in several directions. Beyond basic expenses there may be college-age kids or aging parents who need financial help. It can be a lot to balance at a time when retirement savings should take on more importance. Read More
Americans who were afraid to open their 401(k) statements during the recession are finding good news inside the envelope now: For the most part, their accounts have come all the way back and then some.
Nine in 10 of the popular retirement plans are at least back to where they were in October 2007, the peak of the stock market. Since the bull market began in March 2009, stocks have almost doubled. And many investors who kept their nerve and continued putting some of their paycheck into a 401(k) during the market’s worst months are now ahead. Read More