How Should Preretirees View Illiquid Assets? Some people approach their retirement years owning illiquid assets worth more than their liquid ones. While long-held illiquid assets, such as a business or home, may become highly valued or appreciated over time, it can be wise to be frank and conservative when estimating their worth, especially if an […]
Retirement In Sight: How Should Preretirees View Illiquid Assets?
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Monthly Economic Update
U.S. Markets Stocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19. The Dow Jones Industrial Average, which dropped 1% in March, jumped 11.08%. The Standard & Poor’s 500 Index rose 12.68%, and the NASDAQ Composite surged 15.45%.[1] Slowdown in Infections Just […]
Retirement In Sight: Using Your Quarantine as a Trial Run for Retirement
Using Your Quarantine as a Trial Run for Retirement Staying productive in the time of COVID-19 can be a challenge. Rather than pulling out the board games, you might want to use the opportunity to stress-test your plans for retirement. Specifically, if you are preparing to retire soon, you might be able to examine a […]
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Monthly Economic Update
The Month in Brief The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law, bringing relief to millions of Americans, most of whom are expected to be quarantined for at least another month. The White House has asked Americans to continue “socially distancing” during April. Volatility continued in International markets, even […]
Retirement In Sight: Good Career Choices May Lead to an Improved Retirement
Good Career Choices May Lead to an Improved Retirement What is your most powerful tool for building retirement savings? Perhaps, your income. For that matter, the path of your career could influence when and how well your retirement begins. Is there merit in changing jobs (or even careers) with an eye toward what the move […]
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Monthly Economic Update
The Month in Brief In February, anxieties about the novel coronavirus (COVID-19) rippled through stock, bond, and commodity markets. Stories about the disease dominated the news cycle, and concerns that a pandemic would occur hurt equities. The S&P 500 slipped 8.41% for the month, and foreign stock markets also retreated. Oil tumbled below $50. Away […]
Monthly Economic Update
The Month in Brief Early January gains gave way to late January losses as the coronavirus emerged as a global health concern and, correspondingly, a concern for the investment markets. The S&P 500 ended up retreating 0.16% for the month. The coronavirus outbreak was just one of the big stories in January: President Donald Trump […]
Retirement In Sight: What Matters More in Retirement: Income or Savings?
What Matters More in Retirement: Income or Savings? Retirement saving is not just about accumulating assets. It is also about laying the groundwork for retirement spending. Any retirement strategy has a core goal: the goal of helping an individual or couple pursue their retirement dreams once their careers have concluded. So, from that perspective, the […]
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Retirement In Sight: How the SECURE Act Affects Retirement Accounts
How the SECURE Act Affects Retirement Accounts A new federal law, the Setting Up Every Community for Retirement Enhancement (SECURE) Act, directly affects retirees and retirement savers. It changes the rules regarding “stretching” an individual retirement account (IRA), as well as longstanding retirement account rules keyed to age 70½. Under the SECURE Act, in most […]
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Monthly Economic Update
The Month in Brief Stocks rallied in December, closing out a decidedly positive year on Wall Street. The S&P 500 added another 2.86% last month, rising 28.88% for 2019. What helped the market? The trade dispute between the U.S. and China cooled, as both nations took what was characterized as an initial step toward a […]
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