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A Note from Sherrill
This edition marks the relaunch of "The NEW MEANS News," the
monthly e-newsletter of New Means Financial Planning. My goal
is to deliver to you a wealth of information (pun intended!) via
articles, tips, statistics, recommended resources, and more.
I'm particularly excited about the "An$wer of the Month" feature,
in which I will answer questions submitted by you, the reader,
in a concise Q & A format similar to the book Just
Give Me the Answer$, a one-stop personal financial planning
resource recently released by the Garrett Planning Network.
So submit your question, send feedback, or just drop me a line.
I look forward to hearing from you soon!
Sherrill
| An$wer of the Month |
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Q. Should I keep my old 401k or roll it over?
A. Every year millions of workers who are either retiring
or changing jobs struggle with a difficult decision regarding
their old employer's 401(k) or similar defined-contribution
retirement plan.
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| Article: "Insurance for Young Adults" |
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You've recently graduated from high school or college,
or just finished a brief stint in the military. For the
first time, you're truly on your own. Having adequate insurance
coverage is undoubtedly not uppermost on your mind.
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| Numbers of Note |
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Some interesting statistics...
70 -- Percent of eligible employees who participate in 401k
plan
45 -- Percent of 20- to 29-year-olds who participate
42 -- Percent of departing employees who cash out 401k
17 -- Percent who rebalanced their 401k in 2003
(Source: Hewitt Associates)
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Got goals?
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Get on track to achieve them! I'm Sherrill St. Germain,
owner of New Means Financial Planning, and I'd love to help.
Contact us today! |
Member
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