Why Participate in a 401(k) Plan?
There are many reasons – here is one: After a 30-year career as an administrative assistant at a company, a woman retires from her professional career at the age of 65. This woman is now living alone, children have long since moved out on their own. Monthly expenses are $1,280 and her sole source of income is a monthly Social Security check for $983. The monthly financial shortfall is only made more painful with each new health concern that comes on an uninvited basis as s
To GE or not to GE
We started an initial investment in the GE company about 16 – 17 months ago. At that time the stock price of GE had fallen by over 30% from it’s recent high of $32 into the low $20’s. As we began our initial purchase, we felt new management was making some headway in their effort to resolve bad investment decisions made by the previous management team. We couldn’t imagine a scenario in which GE would fall to price levels last seen in the 2008 financial crisis – all the way
