Odds are you are seeing your 401k and retirement accounts lose some value. To protect your savings, follow this course of action.
Tag: 401k
“Should I Be Cashing Out My 401k to Pay Off Debt?”
When I receive a question about cashing out a 401k to pay off debt, my short answer is generally no. It entails a lot of unrecoverable loss of long-term growth. We can make more money, but we cannot recover time. Nonetheless, there are some limited circumstances in which cashing out a 401k may be the … Continue reading “Should I Be Cashing Out My 401k to Pay Off Debt?”
“Should I File for Bankruptcy?”
Filing for bankruptcy is a heavy decision to make. Consider these aspects of the process and whether an alternative solution may be better.
Relying on Social Security for Retirement is a BAD Idea
For nearly two generations, Americans have come to see the Social Security program as the default retirement plan for when we end our time in the workforce. Since 1935, Social Security has provided retirees with a set amount of money each month, based on what they had to pay in during their working lives. Nearly … Continue reading Relying on Social Security for Retirement is a BAD Idea
