Many of you have contacted me through the Ask Suze feature on my new free App asking all sorts of great questions about retirement saving and spending strategies in light of the current crisis.
There is a tax-smart retirement move that just became less expensive due to the fact that the bear market for stocks has reduced your portfolio values.
Fall is typically when employers announce any benefit plan changes for the coming year and ask employees to review their coverage and request any coverage changes.
Welcome to week four of You Ask, I Tell. Tune into my podcast and you will often hear me recommending a Roth IRA. It is such a great way to save for retirement
Fall is the popular time for open enrollment at work, when employers lay out all the ins and outs of their benefit package for the coming year, and leave it to workers to decide if they want to change or update any of their benefit coverage.
It’s been a great stretch for investors. Stocks have gained more than 250% in the bull market that stretches all the way back to 2009. I am always a big believer that dollar cost averaging-investing on a regular basis-is a great strategy for long-term investors. So don’t take what I am about to say as a reason to give up on stocks: Returns over the next seven to 10 years probably won’t be as good as what we’ve had the past seven years.