Thinkstock If you're looking for evidence of an improving economy, look no further than the upper end of the U.S. housing market. Sales of existing homes priced in the $1 million range grew at an 18.4% ...
Find out ways to avoid add-on fees that could charge you 9 percent or more.
We get off the mat by adding seven new funds that match up well against hostile markets.
According to John Sweeney, executive vice president for retirement and investment strategies at Fidelity Investments, you're likely to reduce or suspend new contributions during the period you're repaying the loan. Keep in mind, too, that you'll be paying the interest on that 401(k) loan with after-tax dollars -- then paying taxes on those funds again when retirement rolls around. College tuition, for instance, can be covered with student loans and PLUS loans for parents.
Retirement is a major milestone that brings many life changes. According to a recent survey from the Transamerica Center for Retirement Studies, the most frequently reported retirement worry is outliving savings and investments. Across all ages, 44% of respondents cited this concern, and 41% of retirees claim the same fear.
When it comes to the tax law, though, the most credible fortune-telling technique may be to study presidential budgets. For example, a couple of years ago, President Obama proposed eliminating "aggressive" Social Security claiming strategies that allowed some married couples to increase their lifetime benefits from the program. With that in mind, we studied President Obama's just-released 2017 budget for other retirement-saving breaks that are getting a reputation for being too good to last.
There's nothing like a stock market rout to remind investors how important it is to follow the tenets of sound investing. Blame the free fall on the Chinese stock market, plunging oil prices or the fact that the current bull market, at seven years old, is experiencing fatigue. Whatever the cause, such market mayhem is particularly worrisome for retirees and near-retirees, who have less time to make up for big market declines.