401(k)

Under the new act, some can take out as much as $100,000 from retirement plans early without penalty.

The percentage of workers who say they are ready to retire has dropped by more than 5% in last month, a survey found.

Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.

“Traditionally, 401(k)s generally have some really good investment options that you wouldn’t be able to do on your own,” an expert says.

Market volatility brought on by the coronavirus pandemic may present a great time to invest, as many stocks are being sold at bargain prices.

From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.

By extending their working years, seniors can see an increase in their Social Security payouts.