T. ROWE PRICE PUBLISHES TIPS FOR RETIREMENT SAVERS AT YEAR-END

Rhea-AI Summary

T. Rowe Price has shared valuable year-end financial planning tips aimed at retirement savers. Key recommendations include seeking financial advice, establishing financial wellness through budgeting, and managing cash flow. The organization emphasizes the importance of not making impulsive investment decisions during a market downturn and suggests that planning ahead and patience are crucial for success. With $1.34 trillion in assets under management, T. Rowe Price continues to focus on delivering investment excellence for individual and institutional investors.

Positive

• Published expert tips for year-end financial planning.
• Emphasizes the importance of financial advice for investors.
• Supports financial wellness through budgeting and savings strategies.
• Encourages planning to mitigate impulsive decisions during market downturns.

Negative

• None.

BALTIMORE, Dec. 22, 2022 /PRNewswire/ -- T. Rowe Price, a global investment management organization and a leader in retirement, has published expert tips for year-end financial planning for retirement savers. The approaching new year is an opportunity for all investors to review financial plans and refocus financial goals.

Some key considerations include:

• Financial advice can be a meaningful source of guidance and support for investors. Research from T. Rowe Price shows certain aspects of advice—including advice that goes beyond investment selection—may be particularly valuable.
• The most fundamental steps toward financial wellness includes establishing a budget, managing cash flow and debt, building an emergency savings, and putting some automation in place with savings.
• Investors can't control the market but they can control how they react to it. Making impulsive investment decisions amid a market downturn is never a recipe for success. Planning ahead, being patient, and considering smaller adjustments along the way can help keep retirement goals on track.

"The end of the year is the perfect time for retirement savers to revisit their financial plans," said Roger Young, CFP®, thought leadership director at T. Rowe Price. "Getting your finances in order today can set you up for a successful retirement in the future."

"Juggling competing financial priorities can be a challenge for any investor," said Judith Ward, CFP®, thought leadership director at T. Rowe Price. "Fortunately, taking a few basic but important steps can help retirement savers get on the right track with their financial goals."

ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ-GS: TROW) is an independent global asset management company with $1.34 trillion in assets under management as of November 30, 2022. The firm is focused on delivering investment excellence and retirement services for institutional, intermediary, and individual investors. Our strategic investing approach, driven by independent thinking and guided by rigorous research, helps clients feel confident in pursuing financial goals. For more information, visit troweprice.com, Twitter, YouTube, LinkedIn, Instagram, or Facebook.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-publishes-tips-for-retirement-savers-at-year-end-301709243.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are TROW's year-end financial planning tips for retirement savers?

T. Rowe Price advises retirement savers to seek financial advice, establish financial wellness through budgeting, and avoid impulsive decisions during market downturns.

How much assets does T. Rowe Price manage?

As of November 30, 2022, T. Rowe Price manages $1.34 trillion in assets.

When did T. Rowe Price publish its financial tips?

T. Rowe Price released its financial planning tips on December 22, 2022.

What is the main message of TROW's recent press release?

The main message is to encourage retirement savers to reassess their financial plans as the new year approaches.