7 Retirement Tips for a Turbulant Market

If you’re struggling with the idea of retiring, especially during this financial crisis, this is another great episode for for you. Today, Seth and Ben go through detailed steps that can guide your retirement decision making in this fluctuating market. Money in the News breaks down the truth revolving around a touch-and-go market and how you can manage your investment decisions. Check out how these tips fit in with our “new normal” right here on Money on Tap!Is it too late to fix my retirement at 50?No — the 50s are the catch-up years by design. Catch-up provisions let you contribute above the standard limits to 401(k)s and IRAs, the HSA offers triple tax advantages for future healthcare costs, and a backdoor Roth can build a tax-free bucket even if your income is too high for direct contributions. Pair those with a segmented "bucket" strategy — instead of retreating to CDs and cash — and most late starts can still be rescued. The first step is knowing your income need, not chasing a number.