For many retiring or simply leaving their jobs to pursue other opportunities, one of their primary questions is: how do I get a paycheck now that it’s not coming from my employer? I still need to pay bills, buy groceries, etc., so how do I fund my bank account? For most, it means a transition from accumulating assets (contributing to the... Read More
“The more you know, the more you know you don't know.” ― Aristotle Intel employees and therefore most of our clients—given our focus on providing ongoing financial planning and investment management to current and former Intel employees—are a sharp bunch. We work with smart people. But, while they know a lot, as Aristotle quips, knowledge makes you more sensitive to and... Read More
"Life is like a big lake. All the boys get into the water and start swimming. Not all of them will swim across. But one of them, I'm sure, will. That one is Groff." ~Andy Grove's High School Physics Teacher Andy Grove concludes his memoir Swimming Across, with the line “I am still swimming.” This line perfectly epitomized a life of... Read More
According to Mike Rogoway at the Oregonian, Intel is gearing up for a round of job cuts that could be announced as early as this week. And, if his sources are correct, this reduction could be more substantial than those done last year. [Update: Intel has announced a reduction of 12,000 jobs worldwide, 11% of the global workforce.] The cuts may... Read More
Last week, in the New York Times Gary Belsky wrote an article titled “Why We Think We’re Better Investors Than We Are." In it, he lists several common cognitive biases which lead people to make poor investment decisions. However, I suspect (due to the first bias Belsky lists—overconfidence) a lot of individuals who read this article are going to think,... Read More
Making a decision when faced with numerous different options can be daunting. But when it comes to your investment accounts and your financial well-being in retirement, making the right decision is quite important. In a 2000 study, researchers from Stanford and Columbia Universities assessed people's ability to choose in the face of many options. In the experiment, customers shopping at... Read More
Integrate, v. ˈin-tə-ˌgrāt To form, coordinate, or blend into a functioning or unified whole A frequent complaint we hear from Intel employees surrounds the investment restrictions in their retirement accounts. While the investment options in the accounts are increasing, you are still limited to a preset menu in each account. Those wishing to expand their allocation beyond this list of funds cannot... Read More
“A goal is a dream with a deadline.” ~ Napolean Hill Anytime is the right time to set financial goals. The beginning of the year may be a popular time to set them—with nearly half of all Americans reporting that they “usually make” a New Year’s resolution—but, January isn’t the only time of the year to do it. It’s never too... Read More
If you’re a current or former Intel employee, you may have received a settlement check that resulted from a class action lawsuit. Some of our clients contacted us about the legitimacy of the check. You may remember reading about the lawsuit filed in 2011 which alleged four Silicon Valley companies (Apple, Google, Intel and Adobe Systems) agreed to not poach each others' top... Read More
Because we help our clients manage their Intel 401k, retirement contribution and SEPLUS accounts, we frequently get asked, ‘what are the best funds in the Intel retirement plan?’ Just give me the list: should be pretty simple. Well it’s not quite that straightforward and here’s why. Picking the best investment options is a little bit like picking the “best” flavor... Read More
