Fresno Financial Advisor News: How to Pull Out of a Decline: Lessons From the Last Recession Overview According to the National Bureau of Economic Research, the Great Recession that began at the end of 2007 was considered the worst in U.S. history since the 1930s. That is, until the coronavirus hit our shores. Some academics…

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A recent survey found that working households experiencing financial strain due to the pandemic have not been inclined to make withdrawals from their 401(k)s to help make ends meet. In fact, the vast majority haven’t even changed their rate of contributions. Instead, these households are relying on the “old standbys” of surviving during economic decline:…

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Overview At this point, near-term retirees tend to fall into one of three categories: 1. You already have all the savings you need; you’re ready. 2. You’re on track to have all the savings you need by the time you retire. 3. You’re not on track and are worried about it. Regardless of which track…

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Overview Compared to 2008, the current pandemic-induced recession is three times worse in terms of annualized gross domestic product (GDP) decline. Economists have urged Congress to pass additional stimulus legislation for unemployment benefits, forgivable loans to small businesses, aid to the travel industry and allocated funds to save local government jobs in the wake of…

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