retirement
What is Risk Tolerance and Why Does It Matter for Your 401(k)?
Submitted by The Participant Effect on June 11th, 2020Advantages of Opening a 401(k)
Submitted by The Participant Effect on June 11th, 2020
You just started a new job and have come across information about your company’s 401(k) in your benefits paperwork. You may be wondering what exactly it is and whether you should sign up. The 401(k) plan got its name from the portion of the IRS tax code that governs its use. In the past, most employees received guaranteed monthly retirement income through an employer-funded pension plan.
Are You Underinsured?
Submitted by The Participant Effect on April 30th, 2020
Adequate insurance coverage is the foundation of a sound financial plan. No matter how well your investments perform, an unforeseen emergency such as a fire, theft or natural disaster may leave you completely unprepared not only to meet the financial needs of your retirement, but your immediate needs as well.
Should You Own Stocks During Retirement?
Submitted by The Participant Effect on April 30th, 2020
Many people mistakenly assume that the time for owning stocks is over once they hit retirement. But such blanket statements are not true for everyone. There are a variety of factors that should affect how much of your portfolio, if any, should be devoted to equities during your golden years. Here are some factors to keep in mind:
6 Insurance Policies You May Need and Not Have
Submitted by The Participant Effect on April 30th, 2020
You probably already have homeowners and auto insurance. But there are many other types of policies that can help safeguard you and your family from unforeseen financial disasters. Speaking to a qualified insurance agent and reviewing your coverage and personal circumstances is a prudent course of action to help ensure that you and your family have adequate protection.
In the Long Term, Medicare Falls Short
Submitted by The Participant Effect on April 30th, 2020Managing Risk During Retirement
Submitted by The Participant Effect on April 30th, 2020
One of the prime risk protections for your nest egg is time: Time to recover from market downturns. But what about once the sun sets on your working years and rises on your golden years? The first thing you have to remember is that there are different kinds of risks — aside from those posed by financial markets.
Risky Business
Retirement Planning: Understanding 3 Primary Asset Classes
Submitted by The Participant Effect on April 30th, 2020
Determining an appropriate mix of investments and matching those choices to your retirement goals is a keystone of successful retirement planning. If your eyes glaze over when someone starts talking about asset classes, diversification and allocation, you’re not alone. Here’s a quick guide:
What Is an Asset Class?