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For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.
April 8 -
Older clients are advised to take extra steps to protect their finances as the current crisis may leave them prone to making poor financial decisions.
March 25 -
Clients are advised to minimize spending and tap possible sources of cash and credit, including their tax refund.
March 23 -
Clients are advised to keep some of their savings in cash and focus on their long-term prospects.
March 17 -
“Find ways to generate income,” says one financial planner.
March 11 -
While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.
March 10 -
Industry insiders see momentum building for more retirement legislation that could upend the benefits world.
March 9 -
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
March 4 -
To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.
March 3 -
One of these snags is taxation on clients’ retirement income, which can hurt their cash flow.
February 28