If you have been paying attention to the news recently, you may have seen some headlines aghast at the destruction that appeared in the recent economic data. While the data was pretty terrible, there are some misunderstandings about how economic data is reported and interpreted.
Why do stocks go up? Or, maybe a timelier question: Why do they go down? The answer of course, depends on what time horizon or period you are asking. Short-term moves in the market are wildly unpredictable and can be driven by even the slightest change in headlines. We have plenty of those right now, evidenced by the existing market volatility.
While we are in what is likely to be a worsening global pandemic situation, we remain optimistic that we will all get through this together. We will all need to do our part and reduce the spread of this challenging virus. While doing that we can be quite anxious, and a bit of cabin fever may even kick in. When we have this extra time, it is always good to stay busy.
Passed in the last few weeks of 2019, the Setting Every Community Up for Retirement Enhancement Act will has some major changes to the retirement landscape. Eric and Robert cover some of the most important changes to retirees.
New Year, New us. Or so the saying goes. Part of turning the page to the year ahead is to look back at how we did over the last 12 months and set goals on what we’d like to accomplish over the next 12. For us, it is an exercise that couldn’t be of higher importance. We are on a constant mission to improve our services and client outcomes.
Earlier this year, the House of Representatives voted 417-3 to pass the SECURE Act, formally known as the Setting Up Every Community for Retirement Enhancement Act. A similar measure had been stalled in the Senate until this week.
Most of our clients are keenly aware of the regimen and diligence we put into researching our investments and strategies. We try to share as much of that with our clients as possible to help them understand where much of our advice is derived from. We had some time earlier this week which we thought would be good to share with you.