Patience Pays Off If time doesn’t fly, it at least drives a Bugatti Chiron. Just a year ago, the Market Grinch stole Christmas with an awful fourth quarter. Had you turned on CNBC, you’d think it was World War 3, cities were burning, babies were crying, and that the Game of Thrones finale had already aired. And the headlines. Oh, the headlines. Here’s our favorite, from Christmas Eve, the day the market hit the bottom: ‘Worst Is Yet to Come’: Global Bear Market Just Getting Started (Mark Jolley on CNBC) Oops. Fast forward to today, and the tone is …
Frequently “Oaked” Questions
You Asked, So We’ll Answer FOQ: The SECURE Act passed. Anything I need to know? Short: Not really. Long: Despite all the hype, the SECURE Act impacts most people very little. Here are the two most important provisions: IRA contributions and distributions. The minimum age for required distributions from your IRA increases from 70 ½ to 72, in recognition of our increasing life expectancy. However, if you turned 70 ½ during or before 2019, you’re still on the hook to take a distribution for 2019 and 2020. And now there’s no longer a maximum age for traditional IRA contributions, …