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Where Should You Put It In 2019?
Since we’ve still got a little time before tax season really kicks in, I thought I’d share a few things that the recent drama in the stock market has reminded me of, especially when it comes to 401(k)s and how they relate to salaried and hourly employees.
For starters, most every employer-sponsored plan is a “choose your own adventure” for the employees, so now is a great time to actually look at where you are and if the stock market trouble is even an issue for you right now.
Most investors put at least a little thought into their asset allocation during pivotal moments, such as starting a new job or a new 401(k) plan. But few people remember to regularly rebalance, and that can cause them to take more risk than they realize they’re taking. Now, with a Bear market here, it’s a good time to think about where you’ve got your money, besides, as you age and get closer to retirement, you should gradually shift out of stocks and into less-risky investments such as bonds. But often, the exact opposite happens. After a long bull market, the percentage of your portfolio allocated to stocks likely has become larger rather than ... more
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