Financial advisors and academic researchers worry the Cares Act’s pandemic-hardship provisions are encouraging savers to view their 401(k) accounts as de-facto emergency accounts, an attitude that could result in significantly lower balances upon retirement. Read More
Getting ready for retirement requires consistent saving, prudent investing and successfully avoiding penalties and fees. You can build a nest egg faster if you take advantage of workplace retirement benefits and make optimum use of government programs, including Social Security and Medicare.
Here’s how to make a basic financial plan for retirement: