What Is a 401(k) hardship withdrawal?

What Is a 401(k) hardship withdrawal?

Occasionally, life throws you a challenging, unanticipated, and expensive event, and you wonder how you will pay for it. Ideally, you could use any money you saved up in an emergency fund to cover your bills, but if you don’t have enough (or any) there, you...
Post-Retirement Financial Risks

Post-Retirement Financial Risks

Any and all potential threats to a person’s financial stability that they might experience after retiring are collectively referred to as post-retirement hazards. Post-retirement risks lead to unforeseen expenses or lower income, which put even the best-laid...
The stages of Retirement

The stages of Retirement

  Like any other major life event, the transition to Retirement follows an emotional pattern. Retirees should start getting used to their new lifestyle as soon as possible. It can be divided into five stages, ranging from pre-retirement planning to being content...
How much money will you need in retirement?

How much money will you need in retirement?

How much should you put aside for retirement? It’s one of the most often asked questions. And it’s no surprise. There are a lot of unknowns: When do you plan to retire? How much money do you plan to spend in retirement? And how long will it last? Knowing...
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