If you withdrew funds from your IRA this year as part of a required minimum distribution (RMD), you are probably eligible to roll the funds back into your IRA. On March 27th, the US Congress passed the CARES Act which waived required minimum distributions for IRAs in 2020. For retirees who do not need the … Read more
Now is the time to be extra vigilant against scam artists seeking to defraud individuals during this Covid- 19 pandemic. The FBI recently issued warnings about the increasing activity of fraud associated with the pandemic. As of April 22, the FBI has reviewed over 3,600 cases of criminals setting up websites offering fake Covid-19 treatments, … Read more
Economic policies are powerful forces for the stock market. Whenever the money supply or federal deficit spending has grown faster than economic activity (which is happening right now to a HUGE extent), profit growth has been attractive. While the two don’t always move in tandem, this is clearly what the financial markets are predicting today. … Read more
The United States and entire global economy are experiencing an unimaginable collapse in economic activity. It is not caused by any economic or financial event, but by governments instructing people to stay at home and in many cases to cease working. Over the next few months, the headlines of traditional economic statistics are going to … Read more
Together, we are facing an unprecedented situation. The global pandemic is indiscriminately affecting all our families, our businesses, our communities and our investment portfolios. The coronavirus will be conquered, but no one knows how deep the downturn will go or how long it will last. As one author we admire stated, “The short to intermediate … Read more
The world is watching the spread of the COVID-19 (Coronavirus) with great concern. The feeling of uncertainty has spread across the globe and is unsettling on a human level as well as from the perspective of how markets respond. U.S. stocks declined 13% in a week taking us back to last October prices. Even following … Read more
Sometimes we come across a message so simple it’s compelling. This short video from Dimensional Fund Advisors (DFA) is just that. Today’s investor has more news and information at their fingertips than ever before. Unfortunately, that amount of data is a double-edged sword. The biggest mistakes investors make aren’t because they bought Coke over Pepsi… … Read more
2019 will go down as one of the best years on record for investors. Global stocks returned +26% and bond investors earned nearly +9%. Even a balanced portfolio would have likely returned in the high teens and if you were heavy in equities, one would expect over 20%+ returns. But it didn’t come easily. We … Read more
In June of last year, we wrote about the SECURE Act that passed the in the House. The bill languished in the Senate until the middle of December when it was passed and signed into law. It received strong bipartisan support and has been presented as an “enhancement” to retirement plans, however, we see … Read more
