Navneet Pahal

by Navneet Pahal 2020 has proven to be a challenging year in many ways, not the least of which has been a less than hospitable financial environment. Events ranging from a significant bear market in stocks earlier in the year to a dramatic increase in job layoffs have put many Americans in difficult financial positions. If you find yourself in …

With the focus on the COVID-19 pandemic, the coming hurricane and wildfire season is likely not on many Americans’ radars right now. However, with many people in a financially precarious position over the last couple of months, it’s more important than ever to be prepared for a natural disaster. While no one can predict exactly when a disaster like a …

It’s important to maintain a level head in times of market turbulence. But that is often easier said than done, especially in the heat of market volatility. Even with the best intentions, investors can be challenged by their own bias and emotions when it comes to making investment decisions. Emotional investing may be amplified during periods of market stress. But …

By Navneet Pahal You can, but it isn’t your best option. Your 401(k) plan should be dedicated primarily to your retirement. There are two primary drawbacks to using your 401(k) for college funding. First, if you withdraw funds from your 401(k) before you are 59½, you will owe a 10% premature distribution penalty on the withdrawal. This penalty is in …