AMJ Financial Blog

Monthly Archives: October 2017

Market Commentary – October 30, 2017

The last full week of October was a box full of surprises. First, U.S. economic growth exceeded expectations. The devastation wrought by Hurricanes Harvey, Irma, and Maria was widely expected to stifle U.S. quarterly growth, according to NPR. The Atlanta Federal Reserve predicted 2.5 percent gross domestic product (GDP)* growth for third quarter, down from… Read More

Determining Tax on Roth Distributions

When you created your Roth IRA account, you might have been under the impression that the money you take out of it will always be tax free. Unfortunately, there are exceptions to this rule that could leave you surprised and frustrated once you receive your tax bill. Roth IRA distributions can consist of contributions, converted… Read More

Categorized in: Uncategorized | Tags: , ,

Market Commentary – October 23, 2017

And the hits just keep on coming. Last week was the anniversary of Black Monday. On October 19, 1987, the Dow Jones Industrial Average (Dow) lost 508 points, or more than 20 percent of its value, as it fell from the previous trading day’s closing value of 2,247 to 1,739. The culprits behind the historic… Read More

The Modern Family Conundrum

Spousal IRA beneficiary planning can get confusing, and if you’re a widow who has inherited an IRA from your spouse, you may unsure of how to handle the assets. You can remain a beneficiary of the account, which would allow you take penalty-free distributions before you reach age 59½, or you can choose a spousal… Read More

Market Commentary – October 16, 2017

There’s a new kid in town: narrative economics. Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral economics and finance recognizes not all economic and financial decisions are made after rational reflection. In Nudge, he wrote: “The workings of the human brain are more than a bit befuddling. How… Read More

Fixing a Missed RMD in 5 Easy Steps

Once you reach age 70½ , the government requires that a specific minimum amount be withdrawn from your retirement account each year. If you miss the deadline or don’t take enough, Uncle Sam could hit you with a 50% penalty! Did you forget to take a required minimum distribution (RMD) from your retirement account? Unsure… Read More

Categorized in: Uncategorized | Tags: , ,

Market Commentary – October 9, 2017

Slow and steady… It has been 332 days since the Standard & Poor’s 500 (S&P 500) Index experienced a 5 percent drop, reported Barron’s. If there isn’t a selloff on Monday or Tuesday, this will become the longest rally without such a drop. During this period, the Index has gained 33 percent. Think about that… Read More

Categorized in: Market Commentary | Tags: , ,

Market Commentary – October 2, 2017

A lot happened during the third quarter of 2017, but not much changed. The bull market in U.S. stocks continued to charge ahead. Traditional measures of valuation continued to suggest the market is overvalued, but some analysts argued it’s different this time. The Economist explained: “The current [cyclically-adjusted price-to-earnings] ratio of 31 suggests that stocks… Read More