When faced with financial challenges, many individuals often consider various sources of funds. Your 401(k) retirement account can be a valuable source of funds. While borrowing from your 401(k) can provide quick access to cash, it’s essential to understand the mechanics, benefits, and potential pitfalls of such a decision. Navigating the world of 401(k) loans … Read more
Retirement marks a significant life transition, bringing forth various financial challenges. A financial advisor should be a tremendous asset during this phase, but how much control should they have? Finding the right balance between independent decision-making and relying on professional advice. Let’s explore the extent of power a financial advisor should ideally hold during your … Read more
Are you a retiree looking for financial flexibility? Home Equity Lines of Credit might be a solution, commonly known as HELOCs. HELOCs can provide a valuable source of funds in your retirement years, allowing you to access the equity in your home as a line of credit. Allow us to explore some practical strategies involving … Read more
When you have a limited budget, it can be hard to decide whether to save for retirement or an emergency. This is especially true when the economy is unstable.
President Biden’s spending package contains increased access to retirement plans, new restrictions for 529 accounts, and matching payments for student loans. In 2023, after a bad year for retirement savings, new legislation may make it slightly simpler to set away funds. The amendments, which were included in an omnibus funding measure signed by President Joe … Read more