Today’s bits: 5 bad things people do with their 401(k); 12 things that successful married couples due


How couples are sabotaging their retirement (Marketwatch) – The issues mentioned here are common to many couples. Are you among them?

Do you have $413,000 in your retirement account? (USA Today) – According to this article, you are part of the 10%. Only one-in-ten people have that much money saved up. The top 10 percent of U.S. households made more than $162,180 last year. That’s up 6 percent from a decade earlier, after adjusting for inflation. If you aren’t part of that group, you may not have enough money saved up for your retirement.

Planning for early retirement (WGLT) – How much do you need to save for retirement? Most financial planners suggest that you save at least 15% of your gross wages. If you want to retire early, you might want to up that to 20%.

5 bad things people do with their 401(k) accounts – (MSN Money) The number one item on the list: they don’t enroll. If your employer offers a 401(k) plan, I strongly suggest that you participate. If your employer offers a corporate match AND you aren’t participating, you are literally leaving money on the table. Would you turn don’t a 3% or 6% raise? If you aren’t participating and your company matches 50 cents on the dollar ot dollar-for-dollar, that’s exactly what you are doing.


5 Reasons why traders lose (Adam Grimes) I am a big believer that most people are better off simply investing their money into low-cost index funds and (perhaps) re-balancing their investments periodically. The five reasons Mr. Grimes references are spot on for active investors. The overriding reason — which is a component of all five reasons lists — is that we are human and as humans we tend to behave emotionally and irrationally.

12 things that successful married couples due (Business Insider) – The biggest reason that some couples are successful with money is that they talk about money. An acquaintance was shocked listening to how my wife and I discuss financial matters. We are open, honest, and (most importantly) we have very similar views regarding saving, investing, and spending. Don’t ignore this when you are looking for a life partner.


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