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Market Commentary – 10/15/18

Like an unexpected gust of wind that blows the hat off your head or flips your umbrella inside out, last week’s stock market performance startled investors. Looking back, it’s easy to identify some of the factors that may have contributed to investors’ unease and shaken confidence in the markets. Ben Levisohn of Barron’s offered a… Read More

Market Commentary – 10/8/18

The stock market tends to be a leading economic indicator. Last week offered some insight to economics and stock market behavior. The U.S. unemployment rate reached its lowest level since 1969 and wages moved higher, yet major U.S. stock indices lost value. Why didn’t stock markets move higher? The answer is stock prices tend to… Read More

Calculating Your RMD in 5 Easy Steps

One of the greatest advantages of retirement savings accounts are the opportunities for tax-deferred or tax-free growth; however, the government sets a time limit on how long these benefits can last by way of establishing required minimum distributions (RMDs). An RMD is the minimum amount that must be taken out of your retirement accounts each… Read More

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Market Commentary – 10/1/18

It wasn’t headline news… But, if newsprint was still popular, last week’s key economic news would have appeared below the fold. The Federal Reserve raised rates for the third time in 2018, as expected. In addition, the Federal Open Market Committee projects economic growth will continue for three more years, although its median numbers show… Read More

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What’s a QCD? And why you need to know…NOW

What’s a QCD—and Why Taxpayers Need to Know the Answer Now Thanks to tax-law changes, qualified charitable distributions are more attractive than ever for IRA holders. The new tax law makes a little-known tactic for making charitable donations more attractive for taxpayers with IRAs. Read the complete article from the Wall Street Journal:  WSJ-What’s a QCD-9-24-18.pdf… Read More

Market Commentary – 9/25/18

Did you hear the news? A tech company introduced a microwave you can turn on using Wi-Fi – as long as you have one of the company’s voice assistants at home, reported Kaitlyn Tiffany of Vox. Soon, the voice assistants will be built with neural networks that will formulate hunches about whether their owners might… Read More

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Protecting an IRA from Prohibited Transactions

There are several prohibited transactions you must avoid as an IRA owner. A prohibited transaction occurs when an account owner uses IRA assets in a self-serving or self-dealing manner that improperly benefits him or her. If a prohibited transaction occurs, it can result in massive taxation and penalties. Learning more about what constitutes a prohibited… Read More

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Market Commentary – 9/17/18

All investors are consumers, but not all consumers are investors. The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are feeling pretty optimistic. Consumer sentiment rose to the second highest level since 2004, and consumer expectations reached the highest level since 2004. Surveys of Consumers chief economist, Richard Curtin, wrote: “Consumers anticipated… Read More

Market Commentary – 9/10/18

Remember: Volatility is normal. Major U.S. stock market indices climbed into record territory during August. They gave back some gains last week. Peter Wells of Financial Times explained: “Speculation about a fresh round of tariffs on Chinese imports from the Trump administration weighed on U.S. stocks, handing the S&P 500 its first four-day losing streak… Read More

Market Commentary – 9/4/18

Where is our country’s biggest export market? Markets were fired up last week after the United States and Mexico agreed on new trade rules. The Standard & Poor’s 500 (S&P 500) Index reached an all-time high and finished the month of August up about 3 percent, reported Michael Sheetz, Thomas Franck, and Alexandra Gibbs of… Read More