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Government Retirement Plans After SECURE Act
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The Lower The Market Falls The More Important It Is To Stay Invested
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Women Face Challenges in Saving for Retirement
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After the Taxes are Completed
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What’s Going on in the Markets – March 8, 2020

Government Retirement Plans After SECURE Act

government retirement plans

Photo credit: diedoe

The SECURE Act made sweeping changes to the rules for most inherited retirement plans, effective January 1, 2020. However, not all inherited retirement plans are changed by that date. If plan in question is a government retirement plan, such as a 457 or 403(b) plan, the implementation date is January 1, 2022. There are a few other cases when 2022 is the implementation date as well. Specifically, the 10-year distribution rule goes into effect in January 2022 for the following two situations:
  • Plans maintained pursuant to a collective bargaining agreement (unless the collectively bargained agreement terminates
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The Lower The Market Falls The More Important It Is To Stay Invested

The lower the market falls, the more important it is to stay invested. Short-term returns should not ruin a brilliant long-term investment strategy. Rebalance your portfolio by selling what has gone up and buying what has gone down. If you can’t stomach rebalancing your portfolio, at least continue to hold. Don’t lose heart and abandon the plan. There is no amount of time or percentage loss after which it is better to give up, sell, and go to cash. It is better to simply remain calm and stay invested. To illustrate that recommendation, here is the average future return… Read More

Women Face Challenges in Saving for Retirement

You may have heard the advice about the importance of saving for retirement and you may know just how important it is  to save and still not be able to really put aside money for retirement as you would like. MarketWatch published an opinion piece that asks: “Why is it still so hard for women to save for retirement?“ The article discussed that Millennials have not been observed to be great savers, didn’t mention Generation X, and had this to say about Baby Boomers: “The largest inequality with income and savings is among working baby boomers who… Read More

After the Taxes are Completed

When the tax returns are completed for the year, don’t just put them in the file drawer and forget about them.  Use the data provided to make some good decisions about 2020 withholding and saving patterns.

This is a good time for you to review a recent paystub from 2020.  With tax return results in hand, you can estimate whether you need to adjust your W-4 to change federal withholding, either reducing large refunds or withholding a bit more each pay period to better cover 2020 taxation. Your CPA can assist with this evaluation.

Lastly, refer to your paystub to …

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What’s Going on in the Markets – March 8, 2020

On Monday, March 9, the market celebrates its 11th anniversary of this long bull market with the bull appearing quite tired, coughing and wheezing into that milestone. Yes, believe it or not, we are still in a bull market.

Despite the wild swings in the markets last week, the major indexes managed to close positive on the week for a change. Unfortunately, it was a somewhat hollow victory given that the worries over the Coronavirus have not subsided and an oil price war was started on Friday (read more below).

Volatility in the major indexes continued last week following the …

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