Jennifer Hoffman over at My Organized Biz is once again prodding me. This time with a question about the 401(k). When it comes to retirement plans, even in times of economic downturn, the main advice it “don’t panic.”
Many people, in times like this, violate the main rule of investing: “buy low, sell high.” Instead, they freak out and sell low. A measured and calm approach to your 401(k) — and other retirement plans — is what is needed.
First, look at your allocation and compare it to your goals. You may need to do some shifting around, but in general if …read more

When it comes to being self-employed, there are many things that you have to think about on your own. From health insurance to retirement plans, you only have yourself to rely on when getting some of the things that many people who work for “the man” take for granted.
Happily, in terms of retirement plans, there are several to choose from for the self-employed. There are plans that can be used for your business, to cover your employees, and there are plans that offer benefits just for yourself, in the event that you just make money yourself, and don’t have employees.
Personally, …read more