In The News

It’s the question at the heart of so much retirement planning: How much money will I need in savings when I’ve stopped working?

The figure they come up with often relies on a popular rule of thumb: the so-called 4 percent rule.

People have lots of questions about Social Security: Will it still be around when I retire? How much will I get? How does the spousal benefit work? These questions are not surprising given that no government program is more important to so many Americans. 

This year, Social Security is expected to pay $1.1 trillion to 69 million recipients of retirement and disability benefits and Supplemental Security Income.

The Coronavirus Relieft Package recently signed into law removes the padlocks from Americans' retirement accounts, letting workers access money that was previously off-limits with relative ease. As it has done in previous economic crises, Congress lifted 10% penalties for early retirement withdrawals and allowed for more generous loans from 401(k), 403(b), IRA and other retirement  accounts.

Presidential elections can be divisive and unsettling and at times it can feel like the fate of the world and your portfolio hang in the balance. But when it comes to investing, do elections really matter all that much? The short answer is, no. Read why below!