According to the Investment Company Institute as of the end of June 2010, approximately 17.5% of defined benefit plan participants are carrying an outstanding loan balance.1 As unemployment continues to be an issue in most communities, what should you as a 401k participant think about before taking a loan?
Generally speaking there are two ways in …
Category Archives: November 2010
401k Loans: A Quick Overview
Thinking About Selling Your Business?
Business owners often stop to think about what they have built and what it might be worth. But why is this useful in terms of your financial goals? Getting a sense of what your business is worth from time to time is a good way to track your growth and can go a long way in …
Year-End Maintenance: Beneficiary Reviews
There are many competing items to manage in your overall financial picture but one that is critical to not overlook is an annual beneficiary review. A quick example of why this is so important: when Heath Ledger (The Dark Knight) passed away he had not updated his beneficiaries. This resulted in his estate being left …
Making SAT Preparation More Affordable
A nationwide study presented at the American Sociological Association in 2009 showed that students who took private SAT prep classes averaged scores 60 points higher on their SAT tests compared to those who didn’t take those classes with private tutoring and classes being the most effective method.[1] Higher SAT scores have also been linked to …
It’s Year-End: Review Your FSA and Prepare for Upcoming Changes in 2011
If you have a health care flexible spending account, also known as a FSA, this time of year is ideal for reevaluating your contributions. In addition, the new health care reform law will bring major changes to these plans that may affect your choices.
An FSA is a benefit that is usually offered by your employer …
