This past weekend, I was unpacking some boxes of books from our recent move.
As I was sorting through them, I came across Dr. M. Scott Peck's classic, "A Road Less Traveled"
It has been years since I read this book and as I opened it, reading the first line of the book "Life is hard" caused me to pause.
Last week, I sat down with a new client. She was referred to me be by a colleague that felt I was a better fit for her. She was wrapping up her divorce and wanted someone that worked in that area.
After we got to know each other a bit and we walked through her financial concerns and goals for her new life, we agreed a comprehensive plan was in order.
Forty years ago, the 401k as we know it was born.
According to the Investment Company Institute, more than $5 trillion (with a "T") sits in these accounts of over 55 million participants.
401k's have become a staple of saving for retirement.Don't get me wrong, they work well for those that do two things: