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Category: General Blog

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What’s the Difference between a 401(k) Loan and 401(k) Withdrawal?

Restrictions on 401(k) loans and 401(k) withdrawals have recently been loosened for investors looking to tap into their retirement savings to get by right now.  Before making a move, it’s important to know the difference between a 401(k) loan and 401(k) withdrawal, and fully understand the consequences of dipping into your retirement savings earlier than… Continue reading What’s the Difference between a 401(k) Loan and 401(k) Withdrawal?

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How Rebalancing May Boost 401(k) Returns in 2020

If you’re looking for a way to boost 401(k) returns in 2020, rebalancing may help you do just that. Rebalancing is the process of realigning the weightings of the assets (your investments) in the portfolio to stay in line with your risk tolerance and your timeline for retirement.  This can involve periodically buying and/or selling… Continue reading How Rebalancing May Boost 401(k) Returns in 2020

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3 Ways to Reduce Retirement Savings Stress Right Now

To say 2020 has been challenging for many Americans is an understatement. The financial strain and uncertainty have left many of us feeling uneasy about our retirement accounts. Keep reading for 3 ways to reduce retirement savings stress right now.  #1 Plan for Retirement  If you don’t have a clear path to where you want… Continue reading 3 Ways to Reduce Retirement Savings Stress Right Now

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What’s the #1 Thing I Can Do Right Now That May Protect My 401(k)?

Times like this test us as investors, and we’re left wondering, How do I protect my 401(k)?  The events in the past few weeks have left many of us soul-searching about what we should be doing with our finances to try to recover as best we can from the fastest 30% sell-off in stock market… Continue reading What’s the #1 Thing I Can Do Right Now That May Protect My 401(k)?

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5 Ways to Reduce Financial Stress Right Now

With the current economic situation, many Americans are feeling anxious and worried about their finances. No matter your situation, there are things you can do right now to reduce financial stress.   doxoINSIGHTS COVID-19 Impact Report, published early May 2020, gives us a pretty good idea of the economic impact this virus has taken on Americans.¹… Continue reading 5 Ways to Reduce Financial Stress Right Now

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Think Twice before Making a 401(k) Withdrawal Right Now

If you’re thinking about making a 401(k) withdrawal right now to help make ends meet or have extra cash on hand, you’re not alone.  In fact. According to MassMutual, 55% of Americans are rethinking their retirement savings plans.¹ Before you touch your 401(k), we encourage you to think twice and educate yourself on the possible… Continue reading Think Twice before Making a 401(k) Withdrawal Right Now

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What Should I Do with My 401(k) Right Now?

If you are wondering What should I do with my 401(k) right now?–you aren’t alone.  Millions of 401(k) investors are wondering the same thing.  Recent market volatility. Economic instability. Fear of not being employed in the near future.  The sense of powerlessness over this entire virus situation and your financial future. It’s very real.  With… Continue reading What Should I Do with My 401(k) Right Now?

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3 401(k) Mistakes Investors May Not Realize They’re Making Right Now

There is a lot of uncertainty with the markets, the economy, and even in our personal lives. Now more than ever, the more informed you are, the better decisions you can make for your financial future. Keep reading for the top 3 401(k) mistakes investors may not realize they’re making right now.  #1 Assuming Your… Continue reading 3 401(k) Mistakes Investors May Not Realize They’re Making Right Now

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How Does the CARES Act Impact My 401(k) In 2020?

The $2.2 trillion CARES Act signed into law March 27, 2020, did more than provide financial relief to individuals, families, and small businesses. It also contains provisions that may impact your 401(k) in 2020. Not only does the bill include changes to both defined contribution and defined benefit retirement plans, but it also changes the… Continue reading How Does the CARES Act Impact My 401(k) In 2020?