You have likely heard of several recent bank failures. Here’s a high level review of what has been happening and some potential impacts going forward.
Do you want to help your kids get off to a good start – even more than you likely already have? If they have earned income, help fund their Roth IRAs! What better gift to get your kids off and running than with an account that grows tax-free and comes out tax-free in retirement. My wife and I have been doing this for our kids (who are now in their 20s) for quite a few...
Another tax act has just become law and a few of the provisions could impact you. Here are some of the changes coming from SECURE Act 2.0 that we feel you should be aware of. Required Minimum Distributions (RMDs): The age to start taking RMDs increases to age 73 on January 1, 2023 and to age 75 in 2033. Note that if you turned age 72 prior to 12/31/2022, you will need to take your...
Several important numbers have been updated for 2023 and we want to pass this information along to you. Here’s what 2023 looks like:
It’s that time of year again where daylight is getting shorter, temperatures are getting cooler, and it will soon be open enrollment time for your 2023 benefits. We provide the following information to remind you of some important decisions you may be faced with and to encourage you to reach out to an SWA advisor with any questions you have. Important Items to Consider and Take Advantage of: Health / Dental Insurance and Health Savings...
We received quite a few questions regarding the Student Loan Forgiveness piece we sent a few weeks ago and thought it may be beneficial to send a follow up piece sharing those questions and answers with everyone.
The information on the student loan forgiveness is causing quite a lot of debate. We are not taking sides on this one but rather giving you the information we have as of now. It changes rapidly.
SWA’s approach has always been to help each client pick an appropriate investment strategy and then stay with it through thick and thin. We don’t believe that acting on predictions is a reliable long-term strategy.
Despite the toll of COVID-19 on the global economy, stock market returns were favorable in 2020 and 2021. The first 2 months of 2022, however, have not been so kind, reminding us that long-term growth in capital comes with risk.
For those who just want to skip to the end: For the stocks that have recently surged due to short squeezes, the likely ending is a 50-90% drop in prices from where they trade today, back to levels that are rational for longterm investment purposes.
Investors often wonder whether the market will rise or fall based on who is elected president. The data show that capturing the long-term returns of the capital markets does not depend on which party controls the White House.
While the media is filled with content that might make you think that chasing the current hot stocks or predicting the economy is the path to financial success, our views at Summit Wealth Advocates are different.