Know the Fees that Eat Away at Your 401(k) on Mamiverse.com

 

My latest article on Mamiverse.com talks about the new rule that says that each person that has a 401k must get a statement that can actually be read! Lol Read to find out where the fees are going, the types of fees involved and why it matters. Find the complete article online at Mamiverse.com.

Employees that invest in their company’s 401(k) plan should be able to understand their statements. A new rule from the Labor Department will, for the first time, enable many investors to understand how much of their investment dollars are going up in fees. “I know it’s there and that there’s money involved for me, but other than that I really don’t know how to access how much I have etc.,” says Lupe Zuniga of Waco, Texas. Each person that has money in a 401(k) should have received a statement by August 30 detailing how much money they have invested in which funds and how much they pay for that privilege.

Read the whole article here.

 

 

 

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

 

Quick Facts for Latinas About 401(k)s on Mamiverse.com

 

My latest article on Mamiverse.com is below. Women of all ethnicities need to read this article. Too many of us are putting money into our 401ks and are not sure exactly what’s happening to the money we contribute or what to do with it once we leave jobs. Read the whole article on Mamiverse.com.

A new study from the national Centers for Disease Control and Prevention says that most Latinas will live an average of 83 years. That’s great news until you start thinking about how you’ll live once you stop working. According to the Ariel/Aon Hewitt  Study 2012, Hispanics have considerably less—35% less—money invested than Asian-Americans and Whites. I’ve heard Latinas tell me that the number one reason they don’t actively invest for retirement is that they don’t understandhow to do it.

So, here are a few quick facts about the most common way to invest—with your company’s 401(k) plan.

WHAT THEY ARE
A 401(k) is a retirement planning option that, at most jobs, has taken the place of pensions. The role of a 401(k) is to invest your money (or “contribution”) in the stock market in hopes that you’ll have enough money to retire on when the time comes.

Read the other 3 here.

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

Latina Mom Survey

Since I’ve been writing for Mamiverse.com, more and more people have started contacting me about common concerns about money. One of the themes that continually emerges is retirement. How much money is needed? How does one invest? What’s the difference between retirement tools?

To get a better handle on what’s going on with Latina moms, I thought I’d conduct an informal and completely unscientific survey. Please answer the 9 multiple-choice questions and share the survey with a friend!

This information will really help me write better articles and (hopefully) reach more Latinas around the country.

 

Mamiverse Zumba Twitter Party Feb. 6

As you know, I am a contributor at Mamiverse.com. I’m really appreciative to be part of such an amazing group of Latinas! The site covers all topics relevant to Latina moms, but this week there’s a little treat for you! On Monday, February 6th Mamiverse.com is hosting a Zumba Fitness® Twitter party. There are a lot of details, and I don’t want to mess them up, so I copied this from the Facebook invitation:

Join the Mamiverse Twitter Shape-Up Party Featuring Zumba Fitness®!
RSVP HERE!!
– Twitter.com, Monday, Feb. 6, at 8:00 pm EST.
#fitmami2012

… Join New York Times bestselling author Alisa Valdes (now 30 lbs. lighter!) and celebrity Zumba Instructor Kass Martin (The Today Show), as they dish on:

– WHAT to eat, HOW to move, and WHY today can be the start of YOUR NEW BODY!

Now the best part—We’ll be giving away three fabulous Zumba prizes during the party!

Prize 1: A Zumba Fitness 2 Video Game for Wii, autographed by Zumba Celebrity Instructor Kass Martin!
Prize 2: A complete set of the Zumba Exhilarate DVD Experience signed by none other than the unstoppable creator of Zumba, Beto!
Prize 3: The Grand Prize is a $500 Zumba Gift Card. That will buy you several outfits of Zumbawear!

See you Monday!

=)

PEACE,
Shay Olivarria
The most dynamic financial education speaker working today

www.BiggerThanYourBlock.com