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22 Mar '24
Shiller PE – Market Overvalued?
Continue readingThe Shiller PE helps you assess if the U.S. stock market is fairly valued. The S&P 500 index stands at around 5,220 having already increased by nearly 10% this year. So, is the market overvalued? Over the past 20 years, the Shiller PE has averaged a reading of about 26. Today, the ratio stands at […]
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19 Feb '24
Teen Stock Trading – Fidelity Youth Account
Continue readingFidelity Youth is an app designed for teens aged 13 to 17 to learn about managing money through a teen-owned brokerage account. Here’s a breakdown of its features: Account ownership: The account belongs entirely to the teen, giving them control over saving, spending, and investing decisions. Features: Investing: Teens can invest a portion of their […]
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24 Jan '24
Small Business 401(k) Plans – Guide and Providers
Continue readingA bit of a detour today to discuss small business 401(k) plans. Wealth45 generally focuses on employees of large technology companies. But thought a dive into the world of small business might be of interest. When it comes to 401(k) plans, the playing field shifts between small businesses and tech giants. Smaller companies, limited by […]
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17 Jan '24
Navigating the 401(k) Questions Maze: Your Complete Guide
Continue readingNavigating the world of 401(k) questions can be a complex yet crucial aspect of financial planning. Employees often have various questions about these retirement accounts, and Wealth45.com is here to provide answers. Long-term retirement investments are vital financial resources that support you throughout your life. What is a 401(k) plan, and why is it called […]
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10 Jan '24
Cisco Employee Retirement Investments
Continue readingCisco Systems, a networking technology leader boasting about 85,000 employees, offers a robust 401(k) retirement savings plan. This plan empowers Cisco employees to contribute a portion of their income towards a secure future, but the crucial question remains: what investments do these savvy individuals choose to fuel their retirement dreams? We will get to that, […]
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03 Jan '24
How to Retire with $10 Million
Continue readingHow realistic is it for a new college graduate to retire with $10 million? Turns out, a million dollars isn’t what it used to be. The movie “How to Marry a Millionaire” was released back in 1953. It seems at that time—70+ years ago—being a millionaire was the epitome of financial success. Yet today, instead […]
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20 Dec '23
Found Money – Finding a “Lost” 401(k) Account
Continue readingFinding a lost (or forgotten or old or misplaced) 401(k) account can be an unexpected windfall. According to Schwab: “Those born between 1957 and 1964 held an average of 12.4 jobs before the age of 54, according to the Bureau of Labor Statistics. The more accounts you acquire, the more challenging it is to keep […]
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06 Dec '23
BofA Employee Retirement Investments
Continue readingBank of America, a financial powerhouse boasting over 260,000 employees, offers a robust 401(k) retirement savings plan. This plan empowers Bank of America employees to contribute a portion of their income towards a secure future, but the crucial question remains: what investments do these savvy individuals choose to fuel their retirement dreams? We will get […]
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29 Nov '23
Retirement Plan Savings – Financial Voyeurism Part 5
Continue readingHow do your retirement plan savings stack up? Are you accumulating retirement assets faster than your peers? Every three years I look forward to the latest Federal Reserve Board’s Survey of Consumer Finances (SCF) to remind us how wealth is distributed in the United States. Also see the other postings in our Financial Voyeurism series: Part 1 […]
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22 Nov '23
IBM 401(k) Plus Plan Changes!
Continue readingIBM 401(k) plan changes coming in 2024. The technological behemoth recently announced a significant change to its employee retirement benefits that has sent ripples through its workforce. Effective January 1, 2024, the company plans to bid farewell to its longstanding 5% matching contributions and 1% automatic contributions to employees’ 401(k) accounts. Instead, IBM will usher […]
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15 Nov '23
Net Worth Growth – Financial Voyeurism Part 4
Continue readingWhat has the typical family net worth growth been over time in the United States? Are you accumulating assets faster or slower than your age group peers? And what has the impact of recent inflation been on household net worth? The Federal Reserve Board’s Survey of Consumer Finances (SCF) is conducted every three years. It […]
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08 Nov '23
Household Net Worth – Financial Voyeurism Part 3
Continue readingFinancial curiosity often leads us to ponder how our finances compare to those of others. Are we accumulating assets faster or slower than our peers, and how does our household net worth measure up to the national average? In this third part of our series on financial voyeurism, we delve into the intricacies of net […]