The email was short and to the point. Titled “Gamestop”, a client asked what we are doing to capitalize on the meteoric rise of the beleaguered video game retailer.
Maxing your 401(k)? Don't Leave Money on the Table
Recently, while preparing a financial plan for a client, I came across a situation that seemed to be a case of “The Man” sticking it to a worker. The worker, in this case a highly compensated one, appeared to have been shortchanged by about $12,000 on promised compensation from his employer. Potential headline news on MSNBC, or at least our local channels, right?
Maybe. However, a little further investigation revealed that instead of a greedy corporation cheating a worker out of what he had fairly earned, there was a far less sinister explanation.
In fact, this particular issue only impacts highly compensated workers that can afford to save significant portions of their income, so it probably wouldn’t have made headlines anyway. (Well maybe CNBC.) Nonetheless, for those fortunate enough to earn higher than average income, it is still probably worth reading the rest of the story.