Promillennial

The economy’s pilot has a new message: Fasten your seat belts. “He is telling us, in everything he is doing, that he is not kidding around.”

During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, or other workplace savings plans, as well as in taxable accounts. As you approach retirement, you'll need to consider how to convert those savings into an ongoing income stream that will provide adequate income throughout your retirement years.

An age-weighted profit-sharing plan is a defined contribution profit-sharing plan where contributions are allocated based on the age of plan participants as well as on their compensation, allowing older participants with fewer years to retirement to receive much larger allocations (as a percentage of current compensation) to their accounts than younger participants.

Although age is important, it should only be one of the factors that you consider when determining when to file for Social Security benefits.

Market downturns create fear, panic, and uncertainty. Here's how to manage your emotions when it comes to investing.

A cash balance plan is a qualified employer-sponsored retirement plan that has become increasingly common in recent years as an alternative to (or replacement of) the traditional defined benefit pension plan. Though it is technically a form of defined benefit plan, the cash balance plan is often referred to as a "hybrid" of a traditional defined benefit pension plan and a defined contribution plan. This is because cash balance plans combine certain features of both defined benefit and defined contribution plans. Like traditional defined benefit plans, cash balance plans pay a specified benefit amount at retirement. However, like defined contribution plans, participants have individual (albeit hypothetical) accounts, allowing for easy tracking of accrued benefits.

You might be surprised by how much your savings could grow late in your working career.

Investors are worried about tariffs as well as all the flip-flopping over their implementation. Here’s how advisors are guiding clients forward.

Confidence is framed as a good thing when it comes to the economy, but it’s a signal of impending stock market weakness when unusually high.

A money purchase pension plan is a type of qualified defined contribution plan in which you, the employer, make annual required contributions to the accounts of participating employees. The amount of your employer contributions is generally determined based on a preset formula that cannot be changed without amending the plan, even if your business profits are low or nonexistent.