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Tag Archives: retirement

401(k) Early Withdrawals Will Be Easier: Be Careful!

Getty Taking money out of your employer’s 401(k) plan while you’re still on its payroll is about to get easier. The federal government’s new rules about “economic hardship” withdrawals from retirement savings plans like 401(k)s go into effect in January 2020. It’s great that people in a financial crunch will …

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How to Plan for Retirement and Special-Needs Care

The bad news, says James Fox, a certified financial planner and a chartered special ne consultant at AXA Advisors, is that missteps can cause children to lose benefits and lead to significantly higher taxes in estate planning. The twin goals need to be done concurrently and with care, he says. …

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ELSS funds to create education corpus for children

I am a 38-year-old corporate lawyer. I have two sons: seven and three years old. I have invested a lumpsum in the following mutual funds:Mirae Asset Tax Saver Fund: Rs 25,000 Franklin India Low Duration Fund: Rs 1 lakh I have a Max Life term plan of Rs 1.5 crore, …

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How to save for retirement while helping family with finances

videoSaving better for retirement Wells Fargo Advisors Regional President for the Northern Region Mary Sumners recommends some ways people can get better at saving for retirement. A recent survey showed more than half of U.S. investors have provided or currently provide financial assistance, personal assistance or both to their adult …

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