6 Possible Revisions Coming For Retirement Savers

A few weeks ago, the U.S. House of Representatives overwhelmingly passed (with a vote of 414-5) the “Securing a Strong Retirement Act of 2022” (also known as the SECURE Act 2.0). Although the Senate is supposed to take up a version of its own bill soon, and this is not law yet, we do expect some version of this bill to be passed by year-end.

At 139 pages in length, you have many more exciting things to do with your time. So we thought we’d emphasize the six most relevant changes that would impact most clients:

 

One: Pushing back the starting age for Required Minimum Distributions (RMDs) again > SEE MORE

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Geopolitical Tensions and Your Portfolio

It’s quite an understatement to say that it has been hard to watch the atrocities in Ukraine, as Russia continues to invade them. This is undoubtedly one of the most significant geopolitical events in decades. As we reflect on the news, we are primarily concerned about the countless innocent lives that will be impacted by this war. Our thoughts and prayers go out to any of you that have friends, family, or loved ones in the region.

 

As we look at the financial impacts, Geopolitical events like military or economic conflicts can affect stock markets in many ways. > SEE MORE

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Does Cryptocurrency Have a Place In Your Portfolio?

Has all the attention to “Bitcoin” and “cryptocurrency” got you wondering what all the fuss is about? The news around this is hard to ignore, so we thought we’d take a closer look. Although this will be a bit more technical, I hope it’s helpful as you continue to hear about this topic.

Our quick take? Cryptocurrency is an interesting development with a number of promising possibilities. Human ingenuity is always a marvel to behold. But like any relatively new, highly volatile pursuit, it entails considerable risk. If by chance you’ve thought of trading in it for fun or profit, we advise against putting in any more than you could afford to lose entirely. In our estimation, cryptocurrency remains more of a speculative venture than a disciplined investment.

With that, let’s take a look.  > SEE MORE

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From Gold Watch, To Smartphone

The infamous “gold watch”.

We’ve been working with investors and especially retirees for many years now, and we sometimes joke about how if you retired many years ago you may have received a pension and a gold watch. Have you heard of this?

Have any of you actually received a gold watch for retiring? As a confession, we’re not sure that after all these years we’ve ever seen or heard of a client having one of those watches. Maybe once, a while back? If you have, please let us know because we’re beginning to wonder if they actually existed.

> SEE MORE

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Election Worries?

2020 has already had more twists and turns than an HBO special. From the onset of the pandemic and the ensuing economic/financial downturns, to the equally as surprising robust market upturn, to the unknowns over the upcoming election, 2020 is in the record books already.

And we have (understandably) never heard as much concern from clients as we have with the upcoming presidential election.

If that is you, this is a good time to step back, take a deep breath, and ask ourselves two important questions:

Question #1: How much impact does the president have on stocks?

To answer this question, let’s review the evidence. Click on the image below from our friends at DFA, to take a look for yourself at how markets and the economy performed under each president (and also showing who had control of the Senate and House at the time!).

 

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