How to achieve diversification on the road to retirement
"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
Portfolio diversity
Clients can save for retirement while running a business. Here’s how
It is important for entrepreneurs to have an exit strategy and to take control of their debt.
When retirement expectations meet reality
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
Mistakes retirees should avoid before a market correction
If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.
Millennials are the new face of the retirement crisis
These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.
Nearly half of baby boomers make this pricey mistake
As much as 46% believe Medicare will cover the costs of long-term care.
Is it ever a good idea to hold company stock in a 401(k)?
Heavily weighting any single stock has the potential to make a portfolio more volatile.
4 critical questions to ask during a market downturn
Clients can often retire smoothly even during a downturn if they diversify and rebalance their portfolios properly, as well as pay off debts and maximize their Social Security benefits.
‘How’s your 401(k) doing?’ is a good question to ask right now
Despite the recent market downturn, workers should remain invested in their employer-sponsored 401(k) plan.
Health savings account vs. 401(k), which is better for savers?
Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.
Retirement savers should ignore market forecasts
Retirees should stick to their strategies and diversify their portfolios with various sources of income.
Common tax surprises for surviving spouses
Surviving spouses will either receive their own Social Security benefit or the survivor's benefit, whichever is higher. But they also may get pushed to a higher tax bracket, which. in turn, could mean higher taxes on Social Security benefits.
Why we need a new type of 401(k)
Many Americans are facing bleak retirement prospects as a result of the current do-it-yourself retirement system.
