With pension plans becoming as rare as the gold watch at retirement, most of us need to face up to this stark reality: We will likely need to fund much of our retirement on our own. And that means saving early and often, taking full advantage of tax incentives, and investing wisely. To find out how, read September’s Government/Public Sector newsletter.
Are you within a few years of retirement? It’s time right now to get your financial house in order, and here’s what to include on your pre-retirement financial checklist.
In this month’s newsletter, Nolen Bailey, Director of Retirement Plan Services, outlines a retirement checklist and discusses options for 401(k) rollovers.
Investors who attempt to time the market run the risk of missing periods of positive returns.
The image illustrates the value of a $100,000 investment in the stock market from Jan. 2007 to Oct. 2013, which included the global financial crisis and the recovery that followed. The value of the investment dropped to $54,381 by Feb. 2009 (the trough date). If an investor remained invested in the stock market, the ending value would be $143,550. (more…)