How divorcees can restart their retirement planning paid Impact_Partner
Few things in life are guaranteed. The old adage says only death and taxes are promised us. Besides that, the future is never guaranteed — even when you solemnly swear “’til death do us part.”
Most employer plans offer a full spectrum of investment options, from low-risk to fixed income bond funds to higher-risk international funds. You should review your positions every 90 days under normal market conditions. With increased volatility in the markets becoming the new normal, it is wise to review your underlying investment rate of return and adjust with market trends accordingly. The key is to actively engage in your retirement accounts moving forward.
This stage is also a great time to look at what your new tax bracket will be and how to offset the higher limits imposed on single filers. Tax saving vehicles like health savings accounts, flexible spending accounts, and college plans can be key to reducing the amount of taxes you owe to the government.
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