Personal Finance

When planning how to finance a large purchase before age 59-½, it is common to consider the idea of taking a loan from a 401(k) or taking an early distribution from a retirement account. Taking money from your retirement funds is not a decision that should ever be taken lightly, and it can come with undesirable consequences when it comes time to do your taxes or when it comes time to retire. But the Coronavirus Aid, Relief and Economic Security (CARES) Act has allocated $2 trillion for economic relief and stimulus, including provisions to make it easier and more sensible for some to access their retirement funds if necessary without penalty.

The Fed recently changed its inflation-targeting stance, a move that may appear trivial but could have significant implications for investors.

Separation and divorce are life-altering events, and a top concern is dealing with finances. Oftentimes, these things are overwhelming and burdensome, which leads to uncertainty and poor decision-making. It is always necessary to be well-prepared and to be prudent and diligent by making a plan.

By far, this is the question we as advisors get asked most often by prospective clients.