Portfolio

A 55-year-old client who decides to withdraw from his 401(k) account with his former employer may be exempt from paying the penalty if he is totally and permanently disabled and has an IRS levy; Plus, wallet-friendly travel tips for retirees.

Despite a sudden market correction, I didn't hear from panicked investors. That's because I've made them understand in these situations you must work through the pain to profit.

The Standard & Poor’s 500 Index roared back from the brink of its first correction in nearly four years even as the rout in all but the riskiest of global assets worsened.

Emotions might get the best of some investors in light of all the bad news. Here are the strategies I've used to guide my clients since the market correction began.

Financial Planning, On Wall Street, Bank Investment Consultant and Re:Invent|Wealth are reporting how the market's recent volatility is affecting the industry and clients. Complete, ongoing coverage – along with commentary from their expert contributors – can be found here.

Advisors can show their worth by making time to help clients understand how to manage the unexpected.

The Wall Street regulator hit Charles Schwab with the penalty for net capital deficiencies and supervisory failures.

A wave of selling gripped global markets as the rout in all but the safest assets deepened.

Turbulence in financial markets gathered momentum amid intensifying concern over slowing global growth, pushing the Dow Jones Industrial Average into a correction and giving other stock gauges their worst losses since 2011.

Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened.