Investors everywhere are experiencing the market volatility and economic turmoil of a bear market. While some may have time to “ride out the storm,” retirees and soon-to-be retirees across the country are worried about what all of this means for their retirement.
Whether you’re making a career change or just got laid off, your 401(k) may be at the bottom of your to-do list. However, moving your 401(k) is an incredibly important step that must be well-thought-out. When leaving an employer, there are typically three workable opportunities to continue the growth of your retirement funds. Understanding which route offers more advantages for continued growth that will align with your next chapter in life is the first step.
As COVID-19 continues to spread and New York City continues to be on pause, everyone is adjusting to new lifestyles in an effort to curb the spread. While there are many factors of this pandemic we cannot control, we must continue to create new routines and habits to remain physically and psychologically healthy. Below are just a few of the actions we can take.
We can't control a lot right now. Our day to day lives. Our work. Maybe even our health...it's all scary to think about. And as we all know, we definitely can't control what's going on in the stock market. So lets make sure that we're controlling the areas of our life and our finances that we can. Here's one: Make it your mission to understand the tax opportunities ahead of you and the tax discounts staring us all in the face right now. Be proactive. Don't let this financial low point go to waste!