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Withdrawing from your 401(k) or IRA in a down market? What you need to know

Marketwatch By Alessandra Malito Published: May 26, 2022   “This year there is a lot more to consider and it depends on whether you need the money or are taking it because you are forced to do so,” said Byrke Sestok, a certified financial planner and president of Rightirement Wealth Partners. “Smart investors should have …

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How To Turn Your $50K Salary Into a $1M Retirement Fund

GoBankingRates.com By Cameron Huddleston Published: May 23, 2022 “No one gets rich by saving in the bank,” said Byrke Sestok, a certified financial planner and president of Rightirement Wealth Partners in White Plains, New York. “If you have 30 years before retirement and 30 years during retirement, then you have the time to participate heavily …

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Here’s where I bonds may work in your portfolio, according to financial advisors

CNBC By Kate Dore, CFP Published: May 3, 2022 “For my wealthy clients, this is a cooler place to park their cash reserves,” he said, explaining how higher earners may have cash handy for future opportunities. “For lower net worth clients, it’s an investment decision.” Read Full Article Content in this article is for general …

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Implementing Advice Based on “A Comparison of the Tax Efficiency of Decumulation Strategies” by Geisler, Harden, and Hulse – Written by Byrke Sestok, CFP®

“A Comparison of the Tax Efficiency of Decumulation Strategies” by Geisler, Harden, and Hulse was published in the March 2021 issue of the Journal of Financial Planning, and the research is invaluable to our profession. This article seeks to put that research in motion to better serve our clients. Read More The opinions voiced in this material are …

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Opinion: When to listen to the stock market’s warning bell

MarketWatch By Brett Arends Published: January 26, 2022 “Selling when the S&P 500 falls below its 200 day moving average is a terrible strategy,” says wealth manager Byrke Sestok of Harrison, N.Y. “Investing is long-ter. Buying when stocks are down is the correct strategy, not selling. Rebalancing to your planned allocation is a strategic method …

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Discipline Is The Most Important Part Of Saving For Retirement

International Business Times By Vern Hayden, CFP ® Published: December 1, 2021 There are no vaccinations to save us from taxes. However, some effective planning can help reduce some of the financial pain. The two most popular ways to do this are Individual Retirement Accounts (IRAs) and 401(k)s. Read Full Article

People in this age group don’t mind marrying someone with debt

Marketwatch By Alessandra Malito Published: Aug 17, 2017 People in this age group don’t mind marrying someone with debt With student debt so high, it’s likely at least one partner will be carrying extra baggage. Millennials appear to be more willing than other generations to take a spouse for better or for worse, in sickness …

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The House passed a bill that would allow more annuities in 401(k) plans — is that actually a good thing?

MarketWatch By Alessandra Malito Published June 3, 2019 Defined benefit pensions, which are not as common in the private workforce anymore, were similar to an annuity, in that they provided guaranteed income. “Certain types of annuities utilized in retirement plans can replace the void left by the demise of traditional pensions,” said Byrke Sestok, president …

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