Weekly Market Commentary

Weekly Market Commentary – 7/30/2021 -Darren Leavitt, CFA It was a hectic week on Wall Street as second-quarter earnings continued to roll in with mixed results.  Apple, Microsoft, Amazon, Facebook, and Google, which are very influential on the indices,...

When It’s Time to Stop Saving for Retirement

Going from saver to spender is mostly a matter of psychology It’s Time to Wind Down You’ve done all the right things—financially speaking, at least—in saving for retirement. You started saving early to take advantage of the power of compounding, maxed out...

A SYLLABUS ON PENALTY-FREE IRA WITHDRAWALS FOR HIGHER EDUCATION EXPENSES

By Ian Berger, JD IRA Analyst It’s that time of the year! College bills for the Fall semester are arriving, and you may be thinking of tapping into your retirement savings to help with the costs. If you’re under age 59 ½, be careful. Your withdrawal may be subject to...

Weekly Market Commentary

Weekly Market Commentary – 7/23/2021 -Darren Leavitt, CFA US Financial markets started the week off much as it had ended the prior week, in the red.  A continuation of the peak growth narrative catalyzed further by increased Covid infection rates stemming from...

4 ways to save enough now to retire in 10 years

If you want to retire in 10 years, it might be possible. But it’ll require some work. Getting your finances in order now can help you meet your goal later. While everyone has a different budget and circumstances, it might be possible to retire comfortably sooner...

IRA BENEFICIARIES AND INHERITED IRAS: TODAY’S SLOTT REPORT MAILBAG

By Sarah Brenner, JD Director of Retirement Education Question: Hi, I have a client who died in 2021 before taking his 2021 RMD. He designated various charities as beneficiaries of his IRA. The IRA custodian is advising the executor to take the RMD, however according...

10 NUA Q&AS

By Andy Ives, CFP®, AIF® IRA Analyst 1. What is the NUA (Net Unrealized Appreciation) tax break? It is the opportunity to pay tax at long-term capital gains rates on the appreciation of company stock held within a company plan vs. paying ordinary income rates on that...

Weekly Market Commentary

Weekly Market Commentary – 7/9/2021 -Darren Leavitt, CFA The holiday-shortened week produced significant swings in the equity and fixed income markets as investors continued to contemplate where we are in the economic cycle.  The peak growth narrative appeared...

What Is an Annuity?

Annuities are contracts issued and distributed (or sold) by financial institutions where the funds are invested with the goal of paying out a fixed income stream later on. They are mainly used for retirement purposes and help individuals address the risk of outliving...

Weekly Market Commentary

Weekly Market Commentary – 7/2/2021 -Darren Leavitt, CFA Economic data for the week was headlined by the Employment Situation Report that resulted in mixed results. The S&P 500, the Dow, and the NASDAQ forged another set of all-time highs while the Russell...