The comparison to previous years underscores the importance of a long-term perspective when it comes to investing in 401K accounts. While losses can be disheartening, it’s essential to remain focused on the overall goal of saving for retirement and to understand that market fluctuations are a no...
When it comes to money, millennials do have some of the highest student loan debt rates of any generation in history. The average millennial has $30,000 in student loans. See this article onthe average student loan debt by graduate class/year. Depending on when the millennial graduated colleg...
For long term installment debt, such as student loans and mortgages, consider refinancing to get a better rate and term. 2. Max out retirement contributionsThis is one of the most important things you can do. Most employers will match 401k contributions. That's free money they're offering to...
Below is a graphical example of a structured note that provides at least a 15% return over two years so long as the S&P 500 is not down more than 30%. If the S&P 500 is down more than 30%, you participate in the full downside. For the 30% downside protection, you have to give ...
Only after 59.5, when you can start withdrawing from your 401(k) penalty-free, do you need to pay taxes on the withdrawals. However, by then, your marginal income tax rate should be lower since you're retired. Below is the recommended401k amounts by age. ...