by MasterPlan Your Retirement | Sep 20, 2020 | Financial Planning, Retirement Income
The financial markets have been on a wild ride in 2020. The year began with a continuation of the bull market that started in 2009. The longest bull market in history, however, came to an abrupt end with the arrival of the COVID-19 pandemic.1 From February 20 to March...
by MasterPlan Your Retirement | Sep 15, 2020 | Financial Planning, Retirement Income
It took just under five months for it to happen. On August 17th, the S&P 500 closed at 3389.78—an all-time record. That record is also significant because it means the index officially recouped all losses from the downturn that happened in March.1 This year has...
by MasterPlan Your Retirement | May 26, 2020 | Financial Planning
It seems like the entire world has revolved around the coronavirus for the past two months. It has changed our way of life, the way we work, and even the way we interact with friends and family. Believe it or not, there have been other new developments in 2020 besides...
by MasterPlan Your Retirement | May 20, 2020 | Financial Planning
Are you one of the more than 58 million Americans who use a 401(k) plan to save for retirement? As of the end of 2019, 401(k) plans held more than $6.2 trillion, which accounts for nearly 20% of all retirement assets in the United States.1 A 401(k) can be an...
by MasterPlan Your Retirement | May 14, 2020 | Financial Planning
The stock market crash of 1987. The tech bubble in the early-2000s. The financial crisis of 2008. And now, the coronavirus pandemic. What do all of these things have in common? They all involve sharp market downturns that end a bull market and trigger a bear...
by MasterPlan Your Retirement | Mar 26, 2020 | Financial Planning, Retirement Income
Do you use a 401(k) or IRA to save for retirement? You’re not alone. These types of accounts are popular for many reasons, but one of the biggest is their tax treatment. As you may know, these accounts are tax-deferred. That means you don’t pay taxes on growth as long...
