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401(k) Hardship Withdrawals: What Are They and When Should You Use them?

401(k) Hardship Withdrawals: What Are They and When Should You Use them?

https://www.sofi.com/learn/content/401k-hardship-withdrawal/

…withdrawal from a 401(k) retirement account, it’s important to understand the rules and potential drawbacks of this financial decision. Who Is Eligible for a Hardship Withdrawal? According to the IRS,…


Should I Pull My Money Out of the Stock Market?

Should I Pull My Money Out of the Stock Market?

https://www.sofi.com/learn/content/pull-money-out-of-the-stock-market/

…to fret about their portfolio during upheaval. Compare, for instance, the scenario of a 25-year-old who has decades to make back short-term losses versus someone who is about to retire


Buy & Hold Investment Strategy Explained

Buy & Hold Investment Strategy Explained

https://www.sofi.com/learn/content/buy-and-hold-strategy/

…when market conditions get tough. Helps avoid timing the market: Figuring out the best time to jump in and out of the market is hard, even for the most seasoned…


Importance of Investment Time Horizons

Importance of Time Horizons for Investing

https://www.sofi.com/learn/content/time-horizons-for-investing/

…long they plan to work toward a goal. For example, one common goal is to save and invest for retirement, which may be decades away. This investing time horizon will…


Explaining the 3-Legged Stool of Retirement

Explaining the 3-Legged Stool of Retirement

https://www.sofi.com/learn/content/three-legged-stool-of-retirement/

…saving for retirement can sometimes feel like a moving target, a retirement calculator might help you to understand whether you’re on track. The Takeaway If saving and investing for retirement…


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