SECURE Act 2.0 implements several changes that affect many different areas of financial planning. This checklist highlights important changes that may affect you, including RMD changes, employer contributions updates, new 529-to-Roth transfer, and more: What Important Issues Should You Consider … [Read more...]
SECURE Act 2.0 Updates
Retirement Investors Get Boost from Washington
Amid the 1,650-page, $1.7 trillion omnibus spending legislation passed by Congress last week and expected to be signed by President Biden were several provisions affecting work-sponsored retirement plans and, to a lesser degree, IRAs. Dubbed the SECURE 2.0 Act of 2022 after the similarly sweeping … [Read more...]
What Does a Strong Dollar Mean for the U.S. Economy?
In late September 2022, the U.S. dollar hit a 20-year high in an index that measures its value against six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. At the same time, a broader inflation-adjusted index that … [Read more...]
More Encouragement in a Bear Market
Through the first three quarters of 2022, the performance of the market has been difficult to watch. The S&P 500 is down over 20%, and bonds* have declined over 11%. We have seen an increase in volatility, and inflation has risen to levels not seen in decades. It feels like it will never … [Read more...]
Encouragement in a Bear Market
Market volatility has been the unfortunate reality most of 2022. As the economy grapples with inflation and higher interest rates, significant drops in equities and bonds this year have been difficult to stomach. Here are a few reminders: You are a long-term, goal-focused, plan-driven … [Read more...]