Silly Sunday: Shankapotomus

I’ve been sick this past week, and I really needed a laugh. So I thoroughly enjoyed seeing this ETrade commercial on ESPN. The commercial, of course, isn’t just about golf. It makes an important point about personal finances and retirement planning. You have to take charge. Or at least you have to know what is going on with your finances. It is vital that you understand how your finances are doing, and that you make an effort direct them with a plan.

In the case of a 401k, it is important that you check the investments in it to make sure that they are properly diversified, and that you aren’t overweighted in your company’s stock. It is common for retirement plans to have a great deal of company stock, and you do not want too much of your portfolio taken up with just one company. If possible, diversify your 401k. If this is not possible, open an IRA to help balance out what is in your 401k.