Month: June 2020

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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