Sowing the Seeds

" You very much of their receipts thank you. Well Starbucks becoming the latest company scaling back some retirement benefits for workers the coffee chain saying it could cut its 401K match plan. Now more companies do this how can you best save your hard earned money. To an open -- from we see dot com is here now to show you how John walker of the program it to you right okay the first one by our race they're not they're not dead in fact you say it's a good place to be."

" It is an and that's the first place want to be after your 401K folks have two options of rock IRA or regular IRA. I like the rock if you qualify because there's more flexibility in the -- committed to is 5000 a year which is less than 41 -- with -- benefit yes it is less -- you want to genocidal spouse can do -- even if they're not what -- so spousal IRA and then an IRA for yourself if your employer continues to match. Or 41 case to the best was to be. You bet because they grow tax free money -- it's free money to at a minimum you want to be investing up to the 6% or whatever the contribution that the companies making. But I say absolutely accept -- go to an IRA also number to open an investment account. Just for retirement. You absolutely don't trade this in other words well the bottom line is you need EC BB under 401K everybody counts on the file one K but that's second kitchen to a stable retirement the typical person who wants 50000 year through retirement. They need to have a -- and the like a million bucks Bryant. And that's why we introduced we see dot com to teach people how to understand market -- way that's fun and engaging and relevant to them so. I'm absolutely open a brokerage account start small if you need to and practice investing that we seat. It appears that what's old is new again by and annuities I don't dig up hurting they talk about annuities for about a decade well. I think you're gonna see them a lot more out there because they know the big companies like fidelity know that everybody so afraid and they need certain income and this big flags at them first off the cost. They can be very expensive I think they're just a short term kinda. A band aid approach for people who don't want actively manage their money because you get a guarantee income with anonymity that they do come with some high."

" What are they safe because we know that some of the insurance companies were buyers of the sub prime mortgage debt we found that out and yield is not -- It's it's not."

" and be returned to get on annuities can depend on the market generally seen need to understand that I think the big. Message of this whole crisis is he need to I don't know what to and that's what we preach is no which on if you understand -- you -- your money. Don't do it and make sure you work with somebody -- if you're not going to -- yourself but even minimum starts getting involved in a market understand what's going on. I'm at now at the time for either yourself or your kids your spouse to engage yourself at a place like we."

" It's amazing some people some more time researching a hotel for vacation in Panama City, Florida than they knew about what their retirement accounts are."

" They do they -- they walked into a target their store they spend money on golf club that's going to depreciate and what we're saying is. You know it just put a little bit of money we look at it's just one share of stock. And become an owner not just consumer. And you'll be smarter even if you never become a real active investor and you end -- working with somebody but to many fun you can be much smarter."

" going back if you're company still those mats for one -- your your view is you gotta -- economy ate its a its tax deferred MBA if they do match that again that's free."

" Money it's Freeman I remember having a woman who told me she didn't. Save in her floor when -- company mash nice invited to do it she said I just couldn't get to it and I just wanted to pull my hair out like what are you doing. Don't forget that this is a very low market even though it's very scary to a lot of people we -- at 1997. Low lows. And to the benefit with a 401K is that you have as set amount going and every month and -- benefit from when the markets higher muzzle fluffy your employer matches thirty cents on the dollar yes you're neutral this year. You've broken -- basic I absolutely right I don't think that what I think match thirty -- the dollar in the Dow was down 1010%. You're actually elope. On a tax deferred basic set -- very good point. And also only 9% of people. Participate in a 401K -- That's set to nine I percent 9%. And 15% of them max out only 15% to participate -- accessing the bottom line is. That is money -- leaving on the table. Do you remember by the way that if a company matches a lot of them have a vesting period. So that if you I would leave your company might not get the -- dollars listen then their fought for this fab five to six years. If you're forced to leave you might ask. -- to ask to get that I'm fully vested."

" Just ask just. Ask squeaky wheel and having them gets the masters degrees going to ask you receive Bryant hit a go Jennifer shall we see dot com -- thank you very much."