Developing the right savings strategy for retirement can be a confusing process. After working with clients for several decades, we've found there is still a tremendous amount of mystery around where people should be saving. More importantly, understanding the general tax treatment for the savings vehicles they rely on to help them reach their retirement goals.
At the end of 2019, we made the case for a Value comeback that boiled down to three points:
What many people don’t realize is there are numerous hidden complexities to each big financial decision. By ignoring these complexities, you might be faced with some serious negative side effects on your overall financial health.
It goes without saying this has been a wild year in the stock market. On March 23rd, the Russell 3000 was down 35% from all-time highs but is in the midst of rallying 46% from that point. VIX, the market “fear gauge,” went from a normal reading to its highest reading ever in 18 trading days. But the volatility goes both ways. There were no daily gains of 4% or more in the S&P 500 from 2015-2019. There have been eight so far this year.
A very common question those approaching retirement ask is “what changes should I make to my investment portfolio, and when”?
In the final installment of our Medicare blog series we will discuss the remaining core aspects of Medicare, Part D (drug coverage) and Medigap Policies (supplemental insurance). We will save a discussion on Medicare Advantage plans (an alternative to all of the above) for a future post.
Warren Buffett was on CNBC last week just as the market rout due to coronavirus concerns was escalating. Asked about the situation, his advice for investors was timely:“Don’t buy or sell your business based on today’s headlines.”
Stocks sell-off. It is an inevitable, even healthy feature of stock markets. Currently, markets are moving lower due to fears that the Coronavirus will slow down the global economy.