Tax filing season will be here before we know it! In our new short-form webinar series, Ask CAPTRUST, we share tax filing tips, provide answers to some of your pressing questions, and share some resources to reduce your stresses related to filing taxes.
If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to save for retirement. Take money out of it now, and you’ll risk running out of money during retirement. You may also face stiff tax consequences and penalties for withdrawing money before age 59½. Still, if you’re facing a financial emergency—for instance, your child’s college tuition is almost due and your 401(k) is your only source of available funds—borrowing or withdrawing money from your 401(k) may be your only option.
After a turbulent 2021, everyone is ready to get back to their normal lives. But for investors, getting back to normal might require adjusting expectations, especially after three years of tremendous returns. The good news is that even when markets conditions return to normal, there is still plenty for investors to look forward to in the year ahead.
If movie review website Rotten Tomatoes’s readers are to be believed, the last decade was a golden age for moviemaking. In fact, 59 of the films in the website’s Top 100 Movies of All Time list were released during the 2010s.
Some investment objectives exist far over the horizon. Planning and investing for extremely long-term goals, such as multigenerational wealth planning for children, grandchildren, or philanthropic goals, often requires a different set of strategies, habits, and tools than those used for nearer-term goals. The greatest difference is not necessarily the types of investment strategies or vehicles employed. Rather, it lies in the mindset of the investor.
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.
You’ve been saving for retirement for years, but those retirement accounts can be susceptible to cybercrime. In this video, learn some easy steps you can take that don’t require a lot of time but can have a huge impact on the security of your retirement account.
As an advisor to your employer’s retirement plan, CAPTRUST is able to offer you a number of resources to help you make decisions about saving and investing for your future. Learn more about what’s available to help you plan your retirement and manage your finances, including one-on-one personalized advice, articles, webinars, videos, and more.