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Four Easy Ways to Jump-Start Your Ailing 401(k)

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(By Christine Benz, Morningstar)- Remember the late, great 1990s, when keeping watch over your 401(k) was actually fun? Never mind that the market, and technology stocks in particular, were ridiculously overvalued. For a brief, shining moment, even lousy funds and poor 401(k) plans were posting mind-boggling gains guaranteed to bring a smile to your face.

A three-year bear market that ended in early 2003, followed by 2008, the worst bear market since the Great Depression, has sobered most people up. Greed has turned to fear. Retirees have had to go back to work and pre-retirees are coming to grips with the notion that the traditional retirement age of 65 is a relic of a bygone era.

In talking to individuals in their 30s, 40s, and 50s, I'm hearing a lot of statements like, "I know I have time, so I'm not worried." and, "I'm just not looking at my statements." That's generally encouraging. After all, being able to tune out the noise is one of the keys to successful investing. And we're so far into this bear market that one of the worst things those with long time horizons can do is to panic and shift everything into cash. Not only would you miss the rebound in stocks, but you'd also be left wondering when is the right time to get back in.

It's possible to strike a balance between checking your 401(k) account every morning (and tempting yourself to make inopportunely timed changes) and complete and utter portfolio neglect. The following steps should get you on your way. Read More

Showing posts with label regulators. Show all posts
Showing posts with label regulators. Show all posts
12:18 AM 0 comments

FDA: Present Level Of Melamine In Infant Formulas Is Safe

Washington, D.C. - The U.S. regulators have revised their earlier recommendations and suggested that the domestic supply of infant formula is safe.

The Food and Drug Administration said that consumers can continue using U.S. manufactured infant formulas as the rpresent level of industrial chemical melamine in the products is safe.

"FDA has concluded that levels of melamine alone or cyanuric acid alone, at or below 1 part per million (ppm) in infant formula do not raise public health concerns. FDA has updated its interim risk assessment, issued in early October," the regulator said.

The FDA said it has been gathering and analyzing samples of domestically manufactured infant formula for the presence of melamine and melamine-related compounds.

It said, "To date, FDA tests have found extremely low levels of melamine in one infant formula sample and extremely low levels of cyanuric acid in another. The levels were so low (well below 1 ppm) that they do not pose a health risk to infants."

The U.S. regulators have stopped the import of Chinese milk products early this month after reports emerged that more than 50,000 infants have fallen sick on consuming melamine-tainted milk in the last few months.

The industrial chemical melamine, which is a chemical used in plastics and fertilizer, was also found in Chinese eggs, chocolate and some other products. Consumption of the chemical can cause damage to kidney or even death. At least four infants in China died after consuming the products.

According to the FDA, melamine is approved for use as part of certain food contact substances. While, low levels of melamine are present in the environment and trace amounts may occur in certain food commodities as a result of approved uses.


FDA’s Warnings/Advisories

The FDA is advising consumers not to consume the following products because of possible melamine contamination:
Fresh and Crispy Jacobina Biscuits
Koala’s March Crème filled Cookies
YILI Brand Sour Milk Drink
YILI Brand Pure Milk Drink
Blue Cat Flavored Drinks
White Rabbit Candies
Mr. Brown Mandehling Blend Instant Coffee (3-in-1)
Mr. Brown Arabica Instant Coffee (3-in-1)
Mr. Brown Blue Mountain Blend Instant Coffee (3-in-1)
Mr. Brown Caramel Macchiato Instant Coffee (3-in-1)
Mr. Brown French Vanilla Instant Coffee (3-in-1)
Mr. Brown Mandheling Blend instant Coffee (2-in-1)
Mr. Brown Milk Tea (3-in-1)
Infant formula manufactured in China