Personal finance

The recent stock market meltdown may have dented Americans’ retirement savings, but there’s a silver lining: The downturn made one common retirement strategy less costly for investors. The strategy, known as a Roth IRA conversion, involves changing a traditional, pre-tax retirement account — such as a 401(k) plan or a qualified individual retirement account — to an
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Javier Snchez Mingorance / EyeEm Wild swings in the stock market may have you itching to make changes to your portfolio. Yet any expert will tell you: You shouldn’t let your emotions drive your investment decisions. “That vacillation between excitement and panic — that is what hurts people financially,” said financial psychologist Dr. Brad Klontz, associate
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PeopleImages Americans nearing retirement are among the many casualties of the coronavirus, as fears around its global spread and resulting economic damage caused a steep selloff in the stock market last week that potentially upended the retirement outlook for many individuals. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite — which serve as barometers
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