Cashing out a 401(k) due to coronavirus? Consider these things first
For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.
Markets and indexes
Here’s what to do if clients need to postpone retirement
By extending their working years, seniors can see an increase in their Social Security payouts.
Your client lost their job due to coronavirus. Now what?
In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.
Retirement planning tips in the time of coronavirus
Clients are advised to keep some of their savings in cash and focus on their long-term prospects.
Can clients protect 401(k)s from a coronavirus-driven market downturn?
“Find ways to generate income,” says one financial planner.
Clients should expect the unexpected in retirement
While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.
