How can investors protect their 401 and other retirement savings from being depleted when they’re watching the stock market drop?
See: ‘Moment of silence for every boomer’s 401k’ — internet erupts with gallows humor as market crumbles Here are a few ways you can protect your 401, according to financial advisers — some suggestions have little to do with the account itself. Cash is, at times, king “You can always look at cash as being ‘safe,’” said Thomas Rindahl, a financial adviser at TruWest Wealth Management Services in Phoenix. Along with contributing to a 401, workers nearing retirement should keep some money outside of the market. Some investors may feel compelled to buy as much in stocks as they can while prices are down, but they also need to set some cash aside for emergency funds, as well as a pile they could draw down if they do retire soon.
Ask your adviser about these investment ‘tools’ Annuities, which are insurance products, are another way to provide protection of principal, as well as generate guaranteed income, Rindahl said.
Buy gold
Increase your contributions.
Collect refund from your investment manger or ask why do they still charge fees?
Y’all retiring today? Didn’t think so.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
5 charts that reveal the stunning depth of coronavirus-driven market carnage - Business InsiderThese are the 5 most glaring examples of how chaotic markets have gotten — but they're by no means the only signals. Corona was the trigger, not the cause. That is due to FIAT money and central bank policies since then. The world has never been so over leveraged. It was prone to come crashing down since 2008. QE has been only thing keeping the patient alive since. But no cure has been found.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
แหล่ง: billboard - 🏆 112. / 63 อ่านเพิ่มเติม »
Stock Market Rebound From Historic Plunge Sputters Out As Investors Wait For Financial Stimulus MeasuresAfter brutal losses on Monday, investors are hoping for coordinated policy action to mitigate the economic downturn from the coronavirus.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »