Sometimes, life doesn’t go according to plan. You may have damages to your home, large medical bills, or other financial hardships that require extra cash. One solution to getting access to fast-cash is to take a hardship distribution from your 401(k) or another employer-sponsored retirement plan. However, there’s a lot to consider before you…
Many people have bucket lists of things they want to do before they die. However, it’s just as important to make sure that you have some things sorted out before you retire, as well. While everyone has different ideas of what their retirement will look like, here are 10 things you should put on…
Whether you lost your job or you quit, it can be difficult to know what to do next. One of the biggest sources of uncertainty of unemployment is knowing what to do with your retirement accounts during an employment lapse. Fortunately, you have several options for what to do with your retirement accounts. Many…
The global coronavirus pandemic has hurt the American economy as well as the global economy. The recession is significant, but not the first that most people have seen in their lifetimes. During these times of uncertainty, many might be a little concerned about what to do with their retirement savings. But, not to worry,…
About to retire? Congrats! But wait, not so fast, there are a few things you need to know before you say goodbye to your career, and hello to your favorite golf course. Before entering your golden years, take time to consider these best practices to set yourself up for retirement success. Overestimate your…
Lose your job but not ready to retire? With the current market conditions, many Americans are losing their jobs. In fact, according to the Bureau of Labor Statistics, the unemployment rate rose 0.90 to 4.4% in March. This was the largest rate increase over-the-month since January 1975. Losing your job is stressful, no matter…
Are you torn between paying off your debt or investing? As you consider your golden years, you might be asking yourself, “How do I balance paying off my debt, saving, and investing in retirement? Whether you’re decades away from retirement or it is quickly approaching, you should strike a balance between paying off debt…
Any market drop can cause anxiety and fear in even the most savviest of investors. When market downturns happen, you can expect a lot of fear-inducing headlines that can scare consumers into making quick financial decisions. It can be difficult to discern what is trustworthy news and what is just hype. To stay calm and…
This may come as a surprise, but you might not have unlimited funds once you retire. You may have saved plenty of money, but there is a chance that it may run out during retirement. Therefore, it’s wise to eliminate certain retirement expenses that are a waste of money. So, if you want to cut…
According to the American Institute of CPAs, 8 out of 10 Americans are concerned that financial institutions and other businesses may not be able to safeguard their personal information. Unfortunately, just being concerned your retirement accounts might get hacked won’t help protect your information. Taking action is the best way to avoid identity theft…
