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How the SECURE Act impacts your financial plan

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed late last year and set in motion real changes for how you will manage their retirement going forward. Here is a break-down of the changes and thoughts for managing the impact: Required minimum distributions (RMDs) from IRAs, 401(k)s, etc., are no longer required at age 70½, as this has changed to 72. Inherited (beneficial) IRAs that are established after January 1, 2020, that are also non-spousal, now have a 10-year distribution schedule, instead of the often longer life expectancy schedule. Accounts created before this date will keep the same life expectancy schedule. IRA contributions after 70½: If you still

What’s in store for the markets in the New Year

The SP500 returned 19% in 2017, -6% in 2018, and 29% in 2019. Technically, stocks are likely to continue to rise another 6% to 3,420, which is the symmetrical opposite to the Dec 2018 low. If this high is reached, the risk of a correction is strongest. (See chart.) BlackRock, the world's largest asset manager, says that emerging market currency and stocks are significantly undervalued. This has been the case for many years, however, due to the strengthening US dollar, foreign assets will continue to underperform regardless of valuations. The last ten years have been difficult for diversified portfolios and those who subscribe to 60 years of proven investment standards. The largest US compani

The beauty of this market and looming risks

Will social security run out?

How will the markets perform in this election?

How the SECURE Act impacts your financial plan

What’s in store for the markets in the New Year