March 13, 2020
New York Times article with investing advice for people in their mid-60s who are about to retire in this volatile stock market.
This CNBC article explains a strategy that can help some people take advantage of the down market — converting money from a traditional IRA to a Roth when the investment value is down, so your tax bill on the conversion will be lower.
Interesting article from the Center for Retirement Research at Boston College based on interviews with 83 people in their pre- or post-retirement years (or both) about how to make a smooth transition into retirement.
In this article in Business Insider, a financial planner talks about the options she discusses with parents who are considering taking time off from work while their children are young, and financial decisions that can help minimize the long-term impact on their savings.
Interesting article in the New York Times about whether the stock market volatility will affect target-date funds’ investing strategies. A good reminder of how target-date funds work, how they can vary by company, and how they can be particularly helpful in times like these.
This article in Humble Dollar explains several strategies for turning savings into retirement income that can last for your lifetime.
Timely article by financial planner Tim Maurer about what retirees can do if they need to withdraw their money soon.
Helpful article in AARP about how to assess whether you have too much debt, including warning signs and calculations to determine where you stand.
Many people are reassessing their risk tolerance after the recent stock market volatility. This CNBC article highlights some interesting studies about risk and long-term returns.
You may dream of retiring in your 50s, but this article in the Motley Fool explains some of the financial challenges when you retire at that age, such as having to find your own health insurance before you are eligible for Medicare, penalties for 401(k) and IRA early withdrawals, and having to wait to take Social Security.
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