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The Pitfalls of Borrowing from Your 401 (k) Account:  A Costly Trade Off

The Pitfalls of Borrowing from Your 401 (k) Account: A Costly Trade Off

The 401 (k) retirement savings plan has long been hailed as a cornerstone of financial security for employees, offering tax advantages and employer-matched contributions. However, it also offers a tempting option for individuals facing financial challenges – the ability to borrow from their 401(k) account. While this may seem like a convenient…

MARKET UPDATE: SECOND QUARTER 2023

MARKET UPDATE: SECOND QUARTER 2023

Stocks arguably defied expectations in the first half of the year. Major stock market indices made significant gains due to improving inflation, slowing Fed rate hikes, the absence of a recession, a more stable banking sector and a strong rally in tech stocks.

MARKET UPDATE: SECOND QUARTER 2022

MARKET UPDATE: SECOND QUARTER 2022

The second quarter of 2022 has been challenging, to say the least, for investors as markets responded negatively to shifting interest rates, supply chain snarls, inflationary pressures and geopolitical challenges.

MARKET UPDATE: FOURTH QUARTER 2021

MARKET UPDATE: FOURTH QUARTER 2021

There is no better way to describe it – 2021 was a historic year for the markets. After more than a decade of inflation running below the Federal Reserve’s stated 2% target level, the trifecta of rising wages, supply-chain disruptions for many goods and trillions of dollars of government largesse combined to push inflation steadily higher as the year progressed.

MARKET UPDATE: THIRD QUARTER 2021

MARKET UPDATE: THIRD QUARTER 2021

As the pandemic appeared to be slowing down, the new highly contagious COVID-19 Delta variant flared this summer causing a momentum slowdown in the third quarter dampening investor enthusiasm. The list of additional concerns included higher inflation, rising interest rates, lofty equity valuations, supply-chain bottlenecks, Federal Reserve policy changes and the chaos in Washington over President Biden’s two massive stimulus proposals and changes to the tax code to pay for them.

MARKET UPDATE: SECOND QUARTER 2021

MARKET UPDATE: SECOND QUARTER 2021

Hard to believe but we’ve made it to the midpoint of the year already! When reflecting on the markets during the first half of 2021, it is important to understand both where we are and where we were at this point last year.

MARKET UPDATE: FIRST QUARTER 2021

MARKET UPDATE: FIRST QUARTER 2021

We have all endured the COVID-19 pandemic for over a year now, and the one-year return data is beginning to reflect the significant come back we have witnessed in the stock market. It appears fiscal policy has effectively bridged the income gap between massive job loss in the services sectors and the broad vaccine distribution that has hastened the reopening of the economy.

MARKET UPDATE: THIRD QUARTER 2020

MARKET UPDATE: THIRD QUARTER 2020

U.S. stocks turned in a second consecutive quarter of dramatic gains, continuing a historic stock market recovery that few predicted in the depths of the March downturn. The S&P and Nasdaq Composite scored a string of records in the third quarter which has confounded many investors with its sheer velocity and strength.

MARKET UPDATE: SECOND QUARTER 2020

MARKET UPDATE: SECOND QUARTER 2020

When this quarter began, the stock market was just beginning to pick itself up from one of the worst
and quickest declines in history. The 34% decline from February 19 to March 23 this year was an
indication of just how weak the economy would be in the second quarter.

MARKET UPDATE: FIRST QUARTER 2020

MARKET UPDATE: FIRST QUARTER 2020

In response to the COVID-19 pandemic, Congress passed the CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES Act) on March 27, 2020. The bill provides financial aid for individuals and companies. The CARES Act also has provisions allowing access to retirement savings and suspension of required minimum distributions.

MARKET UPDATE: FOURTH QUARTER 2019

MARKET UPDATE: FOURTH QUARTER 2019

The year 2019 began with a strong rally in the stock market and ended in the same impressive manner. Gains were realized across the board as all major asset classes fully participated in this rally making it one of the best years in a great decade for the financial markets. Annual stock returns around 30% erased the memory of a difficult fourth quarter 2018.

Everyone in America needs to save for retirement. At Pension Parameters, we help businesses and individuals create and find the most efficient and affordable retirement solutions now, which will sustain them later, when most needed.

Pension Parameters has an unmatched track record delivering its clients confidently into successful retirement through personal service.

With offices in New York City and New Jersey, Pension Parameters serves its clients throughout the country — from individuals to companies with up to 500 employees.