The Lead Comment
Do you have an “Orphan 401(k)?” One of the articles below mentions that some folks can get “kicked out” of a 401(k) from a former employer. Even if your 401 (k) from a previous employer is stable – i.e. you can’t be arbitrarily kicked out, you have choices!! Does it make sense to leave it there . . . maybe! Does it make sense to “roll it over” to your own IRA . . . maybe!
Seek professional help to understand your choices, as well as the Advantages & Disadvantages of each choice!
The How-To Articles
Rx for Health Care Costs in Retirement . . . . CNBC (http://www.cnbc.com/id/100634975)
Union-Employer Proposal Would Hit Some Retirees . . . . Wall St Journal (http://online.wsj.com/article/SB10001424127887324010704578418902425198428.html?mod=WSJ_hps_LEFTTopStories)
Kicked Out of Your 401(k)? Don't Let the Cash Sit . . . . Wall St Journal (http://online.wsj.com/article/SB10001424127887323466204578382393646914884.html?mod=WSJ_PersonalFinance_PF17)
The Finance – Economic – Political Articles
Needed: A Tax Reform That Offends All Special Interests . . . . . Investors.com (http://news.investors.com/ibd-editorials-perspective/041213-651742-american-tax-code-a-mess-that-needs-reform.htm)
Will Baby Boomers Drag Down Growth? . . . . Wall St Journal (http://blogs.wsj.com/economics/2013/04/11/will-aging-baby-boomers-drag-down-u-s-growth/)
The End of Stanford? . . . . New Yorker (http://www.newyorker.com/online/blogs/elements/2013/04/silicon-valley-start-ups-and-the-end-of-stanford.html)
“The school now looks like a giant tech incubator with a football team.”
Ivies, Stanford, MIT post record-low admit rates . . . . YaleDailyNews.com (http://yaledailynews.com/crosscampus/2013/03/29/ivies-stanford-mit-post-record-low-admit-rates/)
“Yale accepted a record-low of 6.72 percent of its 29,610 applicant pool, and Harvard — the only Ivy more selective than Yale this year — saw its acceptance rate plummet down to a mere 5.79 percent. . . . . Over on the opposite coast, Stanford announced today that it accepted only 5.69 percent of its applicants — 2,210 students from a pool of 38,828 applications.”
My Comments & Opinions:
I’m a big fan of “regulated” free markets where there is “real” competition as opposed to an oligopoly, like the 4-6 largest US banks. Popularity, of course, doesn’t automatically mean quality, but I have to think that Stanford is doing something right. Although the Yale Daily article didn’t explicitly say so, note that Stanford’s “admit rate” of 5.69% was the lowest. I.e. for the Class of 2017, Stanford was the most competitive school in the U.S. to get into – more competitive than any of the Ivies. Let the competition continue!
America’s Health (Dis)Advantages . . . BestMasterofScienceNursing.com (http://www.bestmasterofscienceinnursing.com/health/)