Fidelity to hire 4,000 financial planners, tech and service employees
The company has experienced “dramatic increases” in new customers, call and trading volumes.
Volatility
Has coronavirus changed retirement planning?
Nearly 72% of Americans opted to stay the course and stick to their investment plan during the crisis, a survey found.
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.
The tax break retirees might not know about
Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
What to do if you have to retire early
Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
Why volatility shouldn’t scare you — even close to retirement
A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
How to dodge a market dip that threatens retirement
Working longer and taking on a part-time job are two of the simple strategies for workers to curb the impact of a market correction. But there are other tips to consider as well.
Helping clients cope during tough markets
Taking these steps can help clients insulate themselves from some of the market volatility that we've been experiencing recently, says one expert.
Restricted application Social Security strategy is on its way out
This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.
Are there advantages to signing up for Social Security and Medicare at the same time?
There can be benefits in enrolling simultaneously, but there are also incentives to consider in waiting on Social Security instead of claiming benefits at 65 when Medicare kicks in.
What should clients do amid market volatility — are they 27 or 63?
Clients should turn to their own timeline before making any changes to their portfolio during a market correction.
The $210 billion risk in your 401(k)
The wealth in retirement accounts could shrink by that much due to annual defaults on 401(k) loans. The projected loss is about 2.7% of the $7.8 trillion in retirement accounts.
The pros and cons of a reverse mortgage
These loans can be a good option in some cases, but they're not a cheap way to borrow money so senior citizens with good credit may have cheaper alternatives.
Avoiding the storms in your retirement portfolio
When the financial clouds are gathering, your clients have preparations to make. Top of the list: reduce risk.
Half of Americans see market swings as opportunities to cash in
Although volatile markets mean opportunities for some investors, most clients will be better off ignoring market corrections if they are investing for the long term.
The surprising thing seniors miss the most about pre-retirement life
Working longer can be a great decision, as it will allow seniors to keep themselves healthy as well as allow them to delay filing for Social Security benefits.
New pass-through tax break for retirement Income
People looking to retire but wanting to keep a part-time gig will benefit from a new law that gives a 20% deduction for “pass-through entities.”
