Maximizing a '4' plan
February 18, 2011
Are you maximizing your 401(k)?
If not, why not? Let's begin by putting things in perspective. The national debt is $14 trillion. The quote, "A billion here, a billion there, pretty soon you're talking real money" is commonly attributed to Sen. Everett Dirksen from Illinois in the 1960s. But some research reveals that the phrase was used as early as 1917. The Jan. 10, 1938 New YorkTimes reported: “Well, now, about this new budget. It’s a billion here and a billion there, and by and by it begins to mount up into money.”
Trillions and billions are one thing but millions are another. Today, $1 million is not all that much money in terms of retirement savings. In this, "new normal" economy, a $1 million portfolio is expected to generate $50,000 annually in retirement income. That's for this year. Using an inflation factor of 3 percent, next year's income will be $48,500. The following year will be $47,045, and so on.
To read the entire column, click here: • Neumann: Are you maximizing your 401(k) contributions?
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for the individual.
 Wealth Vision Solutions
 Learn about our Wealth Management System |
 |
 |
NEWSLETTER
Sign up to receive our Newsletters.
You may unsubscribe anytime
and we will not share your e-mail address with anyone.
Login | Career Opportunities | Directions to Office | | Contact Us
| Sitemap|  |
Created by WebSwagger.com |
Securities Offered Through LPL Financial. Member FINRA/SIPC
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: Alabama, Florida, Maine, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee , and Virginia.