Retirement planning is essential at every stage of life, but strategies vary depending on age. Judy Brown, SC&H Wealth Principal & Wealth Advisor, joins Wealth! to discuss age-specific retirement and investment planning strategies.
Given that it is an election year is underway, Brown advises individuals focus on the long-term."There's always gonna be volatility with this election, the next election... with anything that happens," Brown told Yahoo Finance, emphasizing that individuals so focus on their personal goals rather than timing the market.29% of Gen. Z did not contribute to their retirement in 2022 and 2023 according to bank rate.
Sometimes they're in a low tax bracket, so a Roth might be contribute to the 401k to get a match and then switch to the Roth if they don't have a Roth 401k option.It's about educating and helping to, um instil habits, helping these young people instil habits so that they can set themselves up for the long term with financial success for retirees.And, um, now we're looking at it almost becomes age based.
That's just going to especially over a long period of time, is gonna make significant differences in in them being able to meet their financial goals.And, uh, it's hard. And then we build around that there's always going to be volatility with this election the next election, Um, with you know, anything that happens, we see the volatility, and those are people that are out there trying to time the market with your retirement and your those goals.
Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.The CEO of ARK Invest swooped in to buy the dip after an update for the company’s software system triggered a global tech outage.NEW YORK -U.S.
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