What is the IRS thinking?
One of the sweeping changes that was part of the SECURE ACT was the way one who inherited a retirement account had to take distributions.
RMD delay: Good news for retirement savers—maybe
Last week the House of Representatives voted to change the age at which retirement savers must start taking money out of most retirement accounts. The new age is 75, up from 72. For those who will have to take Required Minimum Distributions (RMDs), that’s good news, right? Maybe.
How is the War in Ukraine impacting the markets?
In uncertain times, our highest priority is helping our clients keep emotions out of investing and ensuring you remain focused on your long-term financial goals.
Is it time to worry?
The unprovoked invasion of this democratic country is a painful tragedy to watch. It is horrific and yet the effects of recent wars on investments have tended to be transitory. Going back to the US invasions of Afghanistan and Iraq, the US stock market initially declined but recovered longer term, with stocks recording positive results for years—and those wars involved US troops on the ground.
Why Automatic Investment Plans are Awesome
In periods when investment accounts are going down, (like we have experienced in 2022 so far) when we invest during those down periods, and we hold our investments for a long time, we are taking advantage of something called Dollar Cost Averaging.
What, exactly, is retirement today?
For our parents or grandparents, retirement used to mean dad/grampa1 working at the same company for 30 or 40 years (likely in a physically demanding job) and then stopping work completely and collecting a company pension and Social Security benefits