The Pension Protection Act of 2006 approved the use of Target Date funds as a default option for retirement plan sponsors and since that time, we have seen an explosion of popularity in its offering (Target Date Funds are projected to account for 50% of retirement plan assets by 2020). The default option means that if you …
Tag Archive: Financial Planning
Mar 21
Should You Be Worried About Cyprus?
Ah Cyprus, you little island country in the Mediterranean. Why are you putting up such a fuss? Not all headlines matter to your portfolio. To give you some perspective, the GDP of Cyprus is approximately $25 Billion. The GDP of North Dakota is about $37 Billion. It is estimated that 50% of the deposits …
Mar 14
Financial Adventurism Warren Buffett Style
“A little personal history may partially explain our extreme aversion to financial adventurism” -Warren Buffett 2010 Annual Report Image Credit to Carl Richards and the Bucks Blog Post: Investing Is Not Entertainment While doing some research for a blog post I came across a great story from Warren Buffett that he shared in the 2010 …
Mar 06
Tips for Minimizing Sequestration’s Impact on Personal Finances
Now that “Storm Sequester” has hit, potentially cutting billions from the federal budget, Americans are experiencing different levels of its impact. Some are right in the storm’s eye, enduring hard and immediate effects. Others are experiencing the sequester as a bout of bad weather that they need to plan around. For most Americans, however, …