Early 401(k) Withdrawals Could Cost You $100K—Here’s How to Protect Your Retirement
Maskot / Getty Images Taking money out of your retirement plan prematurely might provide short-term relief, but it sacrifices substantial long-term growth. Borrowing or withdrawing from your 401(k) leads to missed potential market returns. A withdrawal or loan reduces your investment base, forfeiting decades of compounding growth. Recovery takes time—rebuilding your retirement nest egg after […]
How to maximize retirement savings for longer lives
An increase in life expectancy is bringing new challenges — and opportunities — for retirement planning. “You have to be able to plan for retirement that will last for potentially 30 years,” says Rita Assaf, vice president of retirement planning at Fidelity Investments. Assaf advises saving at least 10 times your final salary by age […]
How to maximize retirement savings for longer lives
An increase in life expectancy is bringing new challenges — and opportunities — for retirement planning. “You have to be able to plan for retirement that will last for potentially 30 years,” says Rita Assaf, vice president of retirement planning at Fidelity Investments. Assaf advises saving at least 10 times your final salary by age […]
How to maximize retirement savings for longer lives
An increase in life expectancy is bringing new challenges — and opportunities — for retirement planning. “You have to be able to plan for retirement that will last for potentially 30 years,” says Rita Assaf, vice president of retirement planning at Fidelity Investments. Assaf advises saving at least 10 times your final salary by age […]