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Fourth Quarter Preview: What to Expect for the End of 2020

It took just under five months for it to happen. On August 17th, the S&P 500 closed at 3389.78—an all-time record. That record is also significant because it means the index officially recouped all losses from the downturn that happened in March.1 This year has been a rollercoaster ride for investors. The S&P 500 dropped […]

COVID Economic Update: Is a Second Stimulus on the Horizon?

As the COVID-19 pandemic stretches into its seventh month, leaders in Washington are debating a second stimulus bill. On August 8, President Trump signed executive orders that extended the federal unemployment benefit, but reduced the amount from $600 per week to $400. The orders also suspended the payroll tax through the end of the year, […]

Is a resurgence threatening our recovery?

The United States set a somber record on Thursday, July 16, 2020, with more than 75,000 new COVID-19 cases. In fact, the U.S. set new single-day COVID-19 records 11 times between June 17 and July 16. Dr. Anthony Fauci predicts the country will soon top over 100,000 new cases each day.1 COVID-related deaths are also […]

August 20, 2020 Retirement Planning

Can You Count on Social Security to Fund Your Retirement?

Social Security is a critical piece of the income puzzle for most retirees. In fact, half of married retirees and nearly 70% of unmarried retirees rely on Social Security for more than 50% of their retirement income.1 Your Social Security benefit amount is based on a few factors, including your career earnings and your age […]

5 Ways to Reduce Your Taxes in Retirement

What are the biggest expenses you’ll face in retirement? Healthcare? Housing? Travel? All of those costs could be significant, but one of the biggest could be taxes. That’s right. Just because you’re done working, doesn’t mean you’re done paying taxes. Many sources of retirement income, like Social Security, pensions, and retirement account distributions, are taxable. […]

Take a look at the asset winners and losers in 2020

We’re halfway through 2020, and the year has already been a rollercoaster. We’ve seen a global pandemic, record unemployment and racial protests across the country. And let’s not forget, there’s a presidential election campaign season in full swing. Of course, the events of this year have rocked the financial markets. Between February 19 and March […]

July 22, 2020 Uncategorized

Is it time for an economic recovery?

The first half of 2020 has been a rollercoaster ride. The COVID-19 pandemic completely altered our way of life and threw the economy into a tailspin. Most states have started the reopening process, but there is still significant uncertainty about the long-term impact of coronavirus and how long the pandemic will continue. Federal Reserve Chairman […]

July 15, 2020 Uncategorized

Financial Moves to Consider in a “Down” Year

It’s hard to find good news in today’s economic environment. COVID-19 single-handedly brought an end to the longest bull market in history and ushered in record-setting unemployment. If you’re like millions of others in the country, you’ve lost income or possibly even your job. You also may have lost savings due to market volatility. Given […]

July 8, 2020 Uncategorized

Are “Penalty-Free” 401k Withdrawals Free?

On March 27, the government passed the Coronavirus Aid, Relief, and Economic Security Act, otherwise known as the CARES Act. The Act had a wide range of provisions to provide Americans and small businesses with economic support during the coronavirus pandemic. The bill provided stimulus payments, enhanced unemployment, and various forms of business loans. One […]

Investing After Retirement: Tips to Protect Your Nest Egg

Saving for retirement can often feel like climbing a mountain. It takes immense planning and discipline to reach the summit – the moment when you can finally retire and leave the working world behind. Much like climbing a mountain, though, the summit isn’t the end of the story. You still have to get back down […]

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