Brexit, Impeachment, Coronavirus: Preparing for Exogenous Threats is Key to Minimizing Risk

Exogenous Threats. These types of threats or risk factors come from an external place and affect markets – unexpectedly. Already in 2020, only 38 days into the year, the US and global markets have been presented with at least three major exogenous threats:

  1. Brexit becoming abruptly final
  2. A US Impeachment trial
  3. A viral epidemic, the unnamed Coronavirus in China (and now spreading to other countries too)
  4. (Bonus 4th threat) US-China and US-World trade policy
trump_newspaper
Photo Credit: NBC News

Continue reading “Brexit, Impeachment, Coronavirus: Preparing for Exogenous Threats is Key to Minimizing Risk”

Tax Law Changes That Matter For You

As the year turned from 2019 to 2020, there stealthily rolled in several of the most sweeping reforms to retirement and tax legislation in a decade or so (outside of the 2017 Tax Cuts and Jobs Act, or TCJA). The recent changes apply to IRA, 401k and other retirement savings accounts. If any of these apply to you then please read on:

  • Inherited IRA
  • Turning 70½ this or next year
  • Own a business with or proposing a 401k plan
  • Working for a small company and do not have access to a 401k plan
  • Need an early distribution for reasons of qualified birth or adoption
US Capitol
The SECURE Act is the most sweeping reform to retirement and tax legislation in a decade. As with most pieces of Congressional legislation there are positives and negatives.

Continue reading “Tax Law Changes That Matter For You”

2020 Contribution and Gift Limits

A handful of updates for 2020 IRA & 401k contribution and gift limits:

  • For Traditional IRAs and Roth IRAs the 2020 contribution maximum remains the SAME in 2020 as in 2019: $6,000 (plus $1,000 to total $7,000 for those age 50 and over).
  • REMEMBER!! IRA account contributions can be made all the way up until April 15th for the previous tax year.
  • That means that you have until April 15, 2020 to make an IRA contribution for 2019.
cash dollars hands money
Photo by Pixabay on Pexels.com

Continue reading “2020 Contribution and Gift Limits”

Investing After A Great Year

It is still early in the year – there is still plenty of time to evaluate how to start or tweak a savings and investing plan. In fact, it is ALWAYS a good time (January, February, March, July, October, December…) to evaluate savings and investing. But after the amazing past year and decade in US and global stock and bond markets, it may cross your mind to say,

  • “Should I wait to invest?”
  • “How can markets keep going up, up, up?”
  • OR,
  • “I need to jump on the bandwagon here!”
  • “Growth stocks are the way to go! I have stock ideas!”

Continue reading “Investing After A Great Year”

“What Ifs” of 2020 and Beyond

After a year – really a decade – of excellent returns in the stock market, and for 2019 in the stock AND bond markets, it makes sense to ask, “WHAT IF?” As in, what if certain events take place in the markets or economy that could spoil the last several years of positive portfolio returns? Naturally then, there would be a handful of guesses or responses to the “what if” questions.

apple devices books business coffee
What if certain events take place in the markets or economy that could spoil the last several years of positive portfolio returns?

Continue reading ““What Ifs” of 2020 and Beyond”

Time is Running Out

There are just twelve business days remaining in December. If you are realistic about the number of days remaining to transact actual business, it is more like eight days. Use these eight days wisely!

shallow focus of clear hourglass
Make the most of the last eight to twelve days of December.

Continue reading “Time is Running Out”

Avoiding the Pain of Aging

It may be impossible to entirely avoid the pain of aging – in the context of you, a family member or both. But wouldn’t it be nice if you could at least lessen the pain and stress?

man and woman sitting on bench in grayscale photography
Knowing what questions to ask and simply where to go to get started in the “home care planning process” can greatly lessen the strains on time AND cost.

Continue reading “Avoiding the Pain of Aging”