Chances are your IRA has a lower market value today than it did at the start of the year. No matter your age or retirement timeframe, this can be a hard pill to swallow. While the current market environment may only seem to bring negative thoughts of retirement to mind, there may be a silver lining to those who choose to take a long-term perspective in the midst of uncertainty. In fact, we would challenge you to view the market today as if everything were on sale, including Roth Conversions.
CARES Act Important Notice to IRA Owners
We hope you are staying safe and healthy. The confusing landscape of this environment is changing day by day, even hour by hour. Rest assured, however, that we are still here and working for you. You are on our minds and we have you covered. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. The Cares Act contains a long list of features that are meant to buffer you from the hardships that are arising during this unprecedented time. We know you have questions about how the Cares Act impacts your IRA. We want to take a few moments to answer some of these questions.
Focus on what you can control
Times of uncertainty such as these may fill you with uneasiness and a desire to do something – anything! Instead of selling off all of your investments and hiding your cash in a coffee can in the back yard, here is a list of productive financial actions you can do now to take advantage of a bear market.
Education Savings Tools – how to choose a savings option
College is quickly becoming more and more expensive. Learn about a few options you have to make the most of your planning and investment in the future.
Conversations with your Kids about College and Money
According to a survey completed by TD Ameritrade in 2019 on the “Boomerang Generation”, 50% of young millennials (aged 22-28) plan to move back home after college. 1 in 3 […]
Resolve to make better decisions with money
New Year’s resolutions often address behavior changes such as exercise and diet. But your financial health has a big impact on your overall well-being.
SECURE Act – How are you affected?
With the passing of the SECURE (Setting Every Community Up for Retirement Enhancement) Act at the end of December, you may be asking how or if this impacts your financial plan. A few of the bigger changes are highlighted here.
New Year – New Financials
As we start a new decade in the new year, below are a few simple ideas to give your financial life a head start. Reassess Your Goals – Reassessing your […]
Are health savings accounts just what the doctor ordered?
Health savings accounts (HSAs) are the best savings and tax strategy in many years because they are triple tax-free.
How should I be invested?
One of the most common questions advisors are asked is “How should I be invested?” and unfortunately, there isn’t a simple answer. Determining asset allocation is not a “one-size fits […]