What's the best way to protect my 401K from all of these interest rate cuts ?
Answers: federal employee 401k has several option for one's contributions to one's thrift. there are bonds, stocks of several risks, and a guaranteed fund.
the guaranteed fund makes less of course, but it is safe, you can't lose money.
i am sure that most thrifts have levels of risk in the options you can choose. right now it is scary to go with the aggressive model.
What are you invested in now and how long do you have till retirement?
Edit: In a 401(k) plan, you are limited to the investment options offered in the plan - some have lots of leeway, others not so much. But remember that retirement investing is for the long term. Do not try to time the markets by shifting in and out of investments frequently. People who do this almost always come out worse off. If you're not into investing, read "Investing For Dummies" - a great starter book.
If you are not retiring soon than investments in 401k should be viewed as a long term investment.
The allocations between various type of funds (stock, bonds) depends on your time horizon and risk tolerance. If you are young and retirement is a way off (and tolerate ups and downs) then more allocation should be given to stock versus bonds.
Again if retirement is off in the distance this a long term investment and changing between stock and bonds when things go bad in the short term will not help you in the end.
Unless you are 65 years old and will need the money tomorrow, most of your 401(k) should be invested in stocks of some form.
Stocks have taken a beating in the last quarter or so. Part of the reason stocks have been beaten up is the economy isn't doing as well as it once was. Because of that, the fed has lowered their benchmark lending rate.
I think you've assigned the wrong cause to your 401(k) decreasing. It isn't from the interest rate cuts. It was probably from stock market decreasing (which reflects the downturn in the economy which precipitated the fed rate cut).
Most likely the right course of action is to do nothing, but check out your asset allocation and determine if you are still comfortable with it.
You are in this for the long haul and shouldn't be too concerned about quarterly performance (or maybe even yearly performance). Stocks have historically been the best investment over the long (decades) haul.
good luck!
Do post offices give cash over the counter for Barclays cash card?
Answers: Yes, they do.
The following section of the Post Office website should give you all the help you need...
No they dont. The Barclays Cash Card can only be used in Barclays ATM machines, and in Barclays branchs over the counter. You will notice on the back of the card that there are no symbols e.g Plus sign or Visa to be able to use it in any Link ATM, or at a Chip & Pin machine such as the Post Office.
How do you let go money?
What do you do on a day to hours of daylight or week to week basis to cut expenses.Answers: Poor man's lunch - fix a sandwich - put what ever you would spend drinking out in an envelope. Each time you want to buy a soda put that money contained by the same envelope and catch a glass of wet.
You will be suprised how much you save within just a couple of weeks.
Weekly put 10% of you check into a money account - you will never miss it. And it add up quickly!
Great query! Many easy ways to free money. Food budget is the first place to start because most people spend partially their budget on dining out.
I dine out only once or twice a month.
I other brown bag my lunch. That save me at least $5 per daylight or $100 per month. I bring either ruins or a frozen entree.
Coupons. Shop sales. Distinguish between requirements and wants. Cook and devour more at home. I make coffee at home every morning. I turn stale lights when I leave a room. I conserve dampen. (don't leave it running) We bought a pellet stove concluding year and it's been good us a lot of money on heat our home.
Edit: I bring my lunch with me to work and snacks. I cut out unnecessary driving. I don't simply buy an item because it's on sale. I hold cut back on the spend.
I bring a lunch to work, that really helps. I other ate out and didn't realize how much it co$t!
I also make my own coffee at home and drink it on the road to work. Between lunch and coffee, I save $10 a daylight.
Quitting smoking a few years back have also helped ($70-$90/month).
Every payday I use to step to an ATM and withdrawal $50-$100, a short time ago to have lolly on me. That money would disappear over a few days. I now do NOT be in motion to an ATM hardly ever, except if I'm traveling.
Well I don't want to dance into great details. I stopped spending the money I did not have to spend, consequently I bought 2 liter soda bottles instead of 20 oz. bottles (that alone saved me over $600 a year for the concluding 3 years), reduced my smoking habit from 2 pack a day to 3/4 of a pack a daytime, I go by a programme written out in mortgage (saves me time and money going places and doing things) I go to Sam's Club which near just one trip every 2 weeks I pick up money and time, Work more with a opp. to earn more the more I work not a hourly career that pays you to show up and make a small physical exertion, Written Spending plan is a must and only get cash that you stipulation each daytime and on and on