The S&P 500 averages about 10.5% per year. Why wouldn’t I invest my entire 401(k) in it?

The S&P 500 averages about 10.5% per year. Why wouldn’t I invest my entire 401(k) in it?

Looking at the long-term performance of the S&P 500, you might wonder why you wouldn’t just invest your entire 401(k) in it. The numbers are compelling: the index has averaged around 10.5% per year historically, and its returns in recent years have been even stronger. So why not just go all in? Have a financial … Read more

The 79-year-old appliance chain is closing all locations, without bankruptcy

The 79-year-old appliance chain is closing all locations, without bankruptcy

When a restaurant closes, it generally has no financial impact on customers, unless they had a pre-paid catering order or paid an advance for a party or other event. However, when a retail chain closes, it can have a deeper financial impact. Customers may have ordered and paid for items that were not delivered, and … Read more

She lost $50,000 by quitting right before her 401(k) vested — now she says her boss, who’s also her boyfriend’s husband, should have warned her she’d lose

She lost ,000 by quitting right before her 401(k) vested — now she says her boss, who’s also her boyfriend’s husband, should have warned her she’d lose

Work and friendship can overlap without too much trouble – until money comes into the mix. That’s what a 35-year-old man is dealing with after his wife’s longtime boyfriend quit his job just before her benefits were due in full, then accused him of keeping quiet while she walked away with more than $50,000. In … Read more