Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.
A new federal law must be noted here. The Setting Every Community Up for Retirement Enh...
The beginning of 2020 entailed many newsworthy developments, including President Trump signing the “Phase-One” China trade deal, heightening tensions between America and Iran, wild swings in the oil markets, an impeachment trial, and stock indices hit record all-time-highs amongst it all.
The I.R.S. increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes.
For 2020 IRA contributions, the limit reamins at $6,000 in any type of IRA. However, the limit if you are over the age of 50 at any time in 2020, your maximum...
Stocks rallied in December, closing out a decidedly positive year on Wall Street. The S&P 500 added another 2.86% last month, in large part due to easing trade tensions between the U.S. and China with both nations taking what was characterized as an initial step toward a potentially larger trade accord.
What has changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and 2020 begins.
Even if your 2019 has been relatively uneventful, the end o...
What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. You have plenty of choices. Here are a few ideas to consid...
The stock market continued to rally last month with the S&P 500 rising 3.4% and setting new all-time highs. Many economic indicators remain mixed with job creation and consumer spending inspiring the market rally, but waning consumer confidence and declining business activity yielding concerns for some investors....
Regardless of how the markets may perform, consider making the following part of your investment philosophy:
Diversification
The saying “don’t put all your eggs in one basket” has real value when it comes to investing. In a bear or bull market, certain asset classes may perform better than others. If your assets are mostly held i...
Last month fared far better for the markets than the October of just one year ago. The S&P 500 gained 2.04% during the month, topping the even mark of 3,000 once again. The Federal Reserve made its third interest rate cut of the year, which was largely expected and priced into the market. Promising develops arose...
For investors who are looking to diversify their portfolio with exposure to companies located outside the U.S., there exist two basic choices: a global mutual fund or an international mutual fund.
By definition, international funds invest in non-U.S. markets, while global funds may invest in U.S. stocks alongside non-U.S. stock...
