Creating a cash bucket for living expenses can help retirees deal with volatility and avoid the need to sell off their portfolio during a market decline. This strategy tends to lessen exposure to financial markets, making for a more conservative portfolio.
Responding to concerns that individual taxpayers' tax might be underwithheld because of changes made by the law known as the Tax Cuts and Jobs Act, the Internal Revenue Service has granted limited relief from the underpayment penalty. The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of tax shown on their 2018 tax return.
Gilchrist was global CFO at Group SJR.
"See something, say something" applies to situations internal auditors face every day, writes IIA President and CEO Richard Chambers. "As the conscience of the organization, we must be constantly vigilant," he writes.
Workers under 50 should generally sit tight and avoid overreacting when 401(k) account balances fall. Older workers have less time to wait for the market to recover, but they can protect themselves by forming a plan for steady income in retirement.
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