Inquirer lifestyle magazine debuts ThursdayThe Philadelphia Inquirer will launch a glossy lifestyle magazine insert that will appear six times a year, the newspaper’s owner said Wednesday. PHC4 will survive at least through June 30Pa. Gov. Ed Rendell signed an executive order that will keep the Pennsylvania Health Care Containment Council in business through June 30. Gas prices at 3-year lows in Del., N.J.Gasoline prices are at three-year lows in Delaware and New Jersey, which along with Pennsylvania, had an overnight drop in prices, AAA Mid-Atlantic reported Wednesday. N.J. job total fell again in Oct.New Jersey suffered a third-consecutive month of job losses in October with 6,100 jobs cut in the private sector, the state Department of Labor and Workforce Development reported Wednesday.
in four times the amount of money you would have at retirement because of the power of compounding interest!
Think about that for a minute: 4 times what you might expect when you retire just by learning how to raise your return by 8%.
Is this possible? Not only that, but people in the know are doing it by the thousands right now.
A very simple but powerful 401k strategy that works with any 401k plan involves two things.
1. Awareness
2. Use of an index fund (where available)
By awareness, I mean tracking the value of your 401k holdings on a weekly basis if possible. With this level of awareness you can easily spot a portfolio decline. If it approaches a predetermined amount (5% to no more than 10% suggested) you should switch into a money market. Or if you are well informed and have the ability into an index fund that is designed to profit from a decline (a Bear Fund).
The biggest advantage you will gain is NOT letting your account value sink to such dismal levels that a 40%, 50% or greater gain is required just to get back to even.
This alone could significantly increase the size of your 401 over time.
Is this the only strategy that can safely increase your return rate on your 401k?
Not at all. You just need to know what most people won’t tell you. I have written a book on the subject called “Scientific Wealth Strategies.” You can find it at http://wealthscientist.com
There are also a lot of resources available on the net to help you understand what you can do with your 401k to maximize default returns no matter how your 401k is set up by your administrator now.
A site in our publishing network helps you find this information. It can be found here: http://www.401kinfo4u.com
The worst thing you could do is let your 401k lay almost dormant with the minimum returns you are getting now. Calculate what it will be worth at retirement now as opposed to what you’d have waiting for you when you retire with 8% more in returns.
That should get you interested in seeking out the education needed to realize a whole different kind of retirement nest egg!
C.C. Collins is a Financial Planning Advisor and Author of “Scientific Wealth Strategies” at http://www.wealthscientist.com Find more information at http://www.401kinfo4u.com
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