According to Fidelity in an update released in February of this year, the average balance of 401(k) plan participants stood at $112,300, up 7 percent from the balance at the end of the prior quarter. This data is from plans using the Fidelity … [Continue reading]
Required Minimum Distributions in 2020 – What You Need to Know
July 11, 2020 by 2 Comments
This was already a year of change for those impacted by required minimum distributions (RMDs). The SECURE Act signed into law at the end of 2019 includes some significant changes in RMDs starting in 2020. The CARES Act (passed in the wake of the … [Continue reading]
8 Portfolio Rebalancing Tips
May 25, 2020 by 6 Comments
In light of the recent stock market volatility, it’s important to review your asset allocation and consider rebalancing your portfolio if needed. This post looks at some ways to implement a portfolio rebalancing strategy. Here are 8 … [Continue reading]
Roth IRA Conversion – A Good Idea for 2020?
April 20, 2020 by Leave a Comment
A Roth IRA conversion can be a good idea for many investors. Whether or not they are a good idea for you in 2020 or in any year will depend upon your unique situation. That said, 2020 is shaping up as a year where a number of factors that could make … [Continue reading]
4 Reasons to Accept Your Company’s Buyout Offer
April 18, 2020 by Leave a Comment
Companies will use buyout packages for groups of employees from time-to-time to provide those employees an incentive to leave the company. The company may have a variety of reasons behind their desire to reduce their workforce, such as reducing … [Continue reading]
New Money Market Rules – How Will They Impact You?
March 22, 2020 by 2 Comments
Update 3/22/2020 - This past week the Federal Reserve saw fit to prop-up money market funds in the wake of the economic turmoil from the coronavirus. Its important for investors to understand the rules surrounding any money market fund in which you … [Continue reading]
Five Things to do During a Stock Market Correction
March 17, 2020 by 5 Comments
The impact of the coronavirus on the stock market and our economy has been devastating. The major stock market indexes are off 25% or more. This has impacted the investments of all investors. Those nearing or in retirement are really feeling the … [Continue reading]
Annuity Sellers Love Stock Market Turmoil
March 11, 2020 by 4 Comments
Update 3/11/2020 - We are in the midst of the worst stock market turmoil since the financial crisis in 2008, due to the coronavirus and related disruptions in the economy. It's times like these that can fuel fear-based selling tactics by many who … [Continue reading]
4 Things To Do When The Stock Market Drops
February 24, 2020 by 10 Comments
Update February 24, 2020 approximately 6:00 p.m. – the market closed today with the Dow losing almost 1,032 points or 3.6%. This was the third time in history that the index declined 1,000 or more points in a single day. This is the worst single day … [Continue reading]
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