In 2024, employers can count student loan payments toward 401(k) retirement matching benefits, helping borrowers pad retirement accounts while paying down debt.
As student loan payments resume, Americans will have a little less cash to save. But starting in 2024, student debt could count toward retirement savings.
Individual retirement accounts, commonly known as IRAs, are retirement fund staples for many people. Traditional IRAs let workers take a tax deduction when they…
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February 10, 2021 8:41 AM Miranda Marquit - Forbes Advisor
Posted:
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February 11, 2021 6:36 PM
When markets keep rising steadily for an extended period, there comes a point when the talking heads on television start forecasting a correction.
What’s a correction? Nothing more than a moderate decline in the value of a stock market or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak. Corrections can happen to the S&P 500, a commodity index or even shares of your favorite tech company.
“Say the words market correction and many investors immediately think of a crash or a bear market, with the panic-inducing idea that they’ll be living on Ramen noodles through retirement,” says Joseph Hogue, chartered financial analyst (CFA) and a former Wall Street investment analyst. “In reality, stock market corrections happen relatively frequently, and they aren’t nearly as bad as