Market Update

Does a bad market start mean a bad finish? Stocks had one of their worst starts in 2022.  In fact, the S&P 500 has not started this badly in over 50 years, dropping 21% in the first six ...

1.  Prices on many items will go up This is the very definition of inflation.  Inflation occurs when there is an imbalance between supply and demand – too much demand and insufficient supply. ...

October was the worst month since last March, with the S&P 500 down 3.5%.  The Dow Jones 30 index was even worse, down nearly 6%.  For all of 2020, the Dow Jones was down 7.1% What was the ...

While no one can say with certainly which way the market will go following the election, here are some thoughts. With Trump, we could see: Lower taxes Less fiscal stimulus A continued, ...

This newsletter contains a large amount of material from an August 24, 2020 Hartford Funds newsletter. IT’S NOT JUST COVID-19 AND THE SUBSEQUENT ECONOMIC SLUMP THAT ARE OCCUPYING INVESTORS’ ...

Tax Deadline April 18, 2023, is the deadline for filing your federal income tax return for the tax year 2022 or requesting an extension.  It is also the deadline to contribute to your Individual ...

RMD RULES FOR 2020 – Updated June 23, 2020 Normally, if you are age 72 or over this year, you must take a Required Minimum Distribution (RMD) from your IRA each year.  This same requirement ...

Deduct Charitable Donations in 2020 – Without itemizing Background: Deduct Charitable Donations in 2020 – Without itemizing Since tax year 2018, the standard tax deduction has been $12,000 if ...

Needless to say, today is an ugly day for the stock market, with the Dow Jones down about 2,000 points (8.0%) as I write this.  I’ve been through this before and am confident that it will turn ...

THE SECURE ACT:  In December 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act.  (Long name with a misleading acronym.)  This retirement ...