My Retirement Account at Work

StraightTalk Newsletters March 2023 December 2022 September 2022 June 2022 March 2022 December 2021 October 2021 July 2021 March 2021 December 2020 September 2020 June 2020 March 2020 December 2019 September 2019 June 2019 March 2019 December 2018 September 2018 June 2018 March 2018 December 2017 September 2017 June 2017 March 2017 December 2016 September 2016 June 2016 March 2016 December 2015 September 2015 June 2015 March 2015 December 2014 September 2014 June 2014 March 2014 December 2013 September 2013 June 2013 March 2013 December 2012 October 2012 July 2012 April 2012

Archived Newsletters Prior To 2012: December 2011 October 2011 July 2011 April 2011 December 2010 October 2010 April 2010 December 2009 October 2009 July 2009 April 2009 StraightTalk Special Edition February 2009 December 2008 StraightTalk Special Edition October 2008 October 2008 August 2008 August 2008 Supplement April 2008 StraightTalk Special Edition January 2008 December 2007 October 2007 July 2007 January 2007 October 2006 April 2006 December 2005 October 2005 July 2005

Click here to view our budgeting sheet.

Click here to view our Document Locator.

401(k) Calculator/403(b) Calculator
How much could your account be worth in the future?Go to our 401K/403B calculator here.

Retirement Planner with Retirement Earnings Calculator
How long will my retirement savings last?Please visit our retirement planner.

Retirement Contribution Effects on Your Paycheck Calculator
Retirement contribution effects on your paycheck See your retirement contribution effects.

Required Minimum Distribution Calculator
Required Mimimum DistributionsCalculate your RMD as an owner of a retirement account here.

Social Security Benefit Calculator
Social Security BenefitsEstimate your social security benefits here.

Failing to Diversify

• Holding too few funds
• Investing in the same kinds of funds
• Loading up on company stock

Rarely Changing Allocations

• 80% of participants never make changes to their original fund allocations.¹

Making Decisions Not Based on Research or Long-Term Strategy

• Using tips, rumors and latest financial news to make investment decisions.
• Relying on friends, family and co-workers for advice.
• Chasing returns, trying to time the market or using “buy-and-hope” investment strategies.

Not Acting on Advice from Financial Advisor

• Most Financial Advisors stay involved with their client’s investments, but prefer to leave their 401(k), 403(b) and 457 accounts alone.
• When the average investor gets advice from a Financial Advisor they often fail to follow through on that advice.

Not Saving Enough

• With the U.S. Social Security System being strained and many companies discontinuing their pension plans, the 401(k), 403(b) and 457 plans become even more important.

¹ Source: Hands-off: Holders of 401(k) Retirement Accounts Are Not Your Typical Investors, Knowledge @ Wharton, 2006