Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about
Should your clients stop contributing to their 401(k) in a crisis?
Working clients are advised to continue making contributions to their 401(k)s amid the market slowdown caused by the coronavirus pandemic, according to this article in Motley Fool. That’s because the correction presents a great time to invest, as many stocks are sold at bargain prices. Funding a 401(k) will also allow them to get their employer’s match and help them lower their taxable income and their tax bill, as the contributions are made on a pretax basis.
