Articles
The Wall Street Journal
Veronica Dagher
6 April 2020
Copyright 2020 Dow Jones & Company, Inc. All Rights Reserved.
For many adherents of the Financial Independence, Retire Early movement, known by the acronym FIRE, the economic and stock-market downturns caused by the coronavirus pandemic are the first test of their strategy.
CBS - 12 WJTV
Nexstar Media Wire
15 April 2020
Copyright 2020, CBS - 12 WJTV. All Rights Reserved. Distributed by NewsBank, Inc.
(KTXL) — It may have been that swing, that dip or that trip overseas that workers on the verge of retirement were setting their sights on.
But with most 401(k) plans taking at least a 10% hit within the last month, certified financial planner Kimberly Foss says some retirement plans may have to be delayed.
In the wake of the economic shock caused by the coronavirus pandemic, Washington recently approved a package of stimulus measures, including one that allows savers to take emergency hardship withdrawals of up to $100,000 from their retirement plans.
The recently passed SECURE Act offers options for safeguarding 529 account balances amid market turmoil
You set up an educational savings plan for your child or grandchild, and you’ve been consistent about funding it. Good job.
But the market volatility caused by the COVID-19 pandemic now has you wondering whether your best-laid plans will get the job done. Now what?
The Pros and Cons of 401(k) Loans
Many employers today allow their employees to take loans from their 401(k) accounts. But just because you can borrow from your retirement savings doesn’t mean you should.
A 401(k) loan means temporarily taking money out your workplace retirement account that could have remained in the account and potentially generated investment earnings. If you don’t pay the loan off quickly, it could reduce the long-term value of your retirement savings.