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Jacki A. Marshall 12551 Jefferson Ave. Suite 101- #600 Newport News VA, 23602 757-927-3760 |
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401k Plans need adjustments for beginning of 2010. With the stock market currently up 19% from January 1st, 2009 till now, retirement accounts are expected to finish 2009 as the first positive year since 2006.
Online PR News – 03-December-2009 –Lee Smith, Consultant - a licensed Stock Market Consultant business for market timing is issuing guidance for accounts that want to maintain their earnings. Even though the economy is still recovering from the recession, retirement accounts are still down 22% from the beginning of 2007.
It may take 2 more years before mutual funds break even to cover the losses from the last couple of years. By having the right mix of funds, investors can avoid the down sides of the market. The correct allocation of mutual funds is to have 25% in small, medium, large and international funds.
The reason for this is because when the stock market goes up or down, all funds follow regardless of the type of fund. When the market is at a one year low, investors of mutual funds should transfer to money market funds. Doing this would have saved at least 40% in 401k retirement accounts in 2007 to 2008 and 2001 to 2002.
April Catalla, who has inquired about an Annuity Policy says, "if I invest every month for my future, how can I be sure when I retire that the money will still be there?"
The answer is to first understand the funds in a retirement account, then use an experienced 401k Planner that can explain how the stock market works. As daunting as it is to understand the complexities of 401k Plans and the market, it is necessary to take the first step.
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