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, …
Holiday Thoughts….and Some Giggles
Happy Hanukkah, Merry Christmas, Happy Kwanzaa, Happy Boxing Day, and a Very Happy New Year to you all, be it Chinese, Mahayana, or Western! If we missed one, please let us know. We want to include everyone in our season’s greetings, as this is a time of togetherness and love. Regardless of what we may celebrate, we’re all on this tiny rock together. We encourage you to spend this holiday season forgetting our differences and celebrating our commonalities. And eggnog. Drink lots of eggnog. John, Bill, Mark & Melanie
Schwab Buys TD: What Now?
What It Means To You In a merger of two of the Big 4 independent custodians, Schwab is buying TD (Fidelity and Pershing are the other two). As a client, your investments with us are held at TD. So what does this merger mean to you? In the spirit of an “FOQ” (like this one, or this one), the short answer is…nothing. The long answer is that right now, for you, this deal looks cosmetic only. A year or two or five – yes, it may take that long – down the road, we may have a form to …