Advisers Warn Against Dipping Into 401(k)s

Charles Sachs of Kaufman Rossin Wealth spoke to Investment News about the current market challenges and his advice for those whose investments seem to be dwindling. 

Article Excerpt: “One strategy in particular might be to draw on fixed income assets, leaving equity exposure intact to participate in the recovery when it happens,” said Charles Sachs. “Then, once income returns, replace these withdrawals so one does not pay income tax on the withdrawals, and gets this money working again for retirement.”

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Charles Sachs, CFA, CFP®, is a Chief Investment Officer at Kaufman Rossin Wealth, LLC, a Registered Investment Adviser.