July 16th, 2010
reviewing my employers 401 k option recently, i noticed that the fund with the best return over the past 10 yrs obtained a rate of return(ROR) 0f 6.4%. Inflation according to Tom Halffill's online inflation calculator (www.halfhill.com) was approx. 2.6 % during this same period, which means the actual ROR was only 3.8%.....3.8 %. ...if you noticed I listed the fund with the best return , not my personal mix , because this always comes up...either from my financial guy or a coworker who loves to say " oh ,you werent in the right funds". So , in other words ...whatever my mix of funds i would have been in, the best I could have done is 3.8%. ( also, your 401k is probably going up but is this solely due to your paycheck contributions) .. Whats my point...my point is ....be wary....whats your retirement plan?....is it relying on your 401k and Social Security only?....maybe the time is for you to take a look at other options ....maybe a cash flow producing option like a home-based business ......like Drinkact.com ....if so ...www.theactadvantage.com is worth the review and inquiry. Have a great day!
Wes Pruett
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