Do Presidential Elections Actually Impact The Stock Market?
More often than not, whenever a presidential election year is underway, you will hear a lot of news anchors and financial analysts will talk about the economy and the stock market. There will often be self-proclaimed experts who have their theories about how a presidential candidate will affect the market during election year, how investors may react as Election Day draws closer. But there’s a lot more to the workings of the stock market than simply the candidate or their political party. While an incumbent or new president can have some impact on the market, you have to look at a couple other factors.
What You Need to Know About Inheriting an IRA
Because Congress gave IRA owners tax benefits for saving in an IRA while they’re alive, the IRA tax laws require that IRA savings must be distributed after the IRA owner’s demise. If you inherit an IRA from someone other than your spouse, you must follow the timing rules for withdrawing money from the IRA or face a stiff penalty—a 50% tax on the amount that should have been taken and was not.
Retirement Planning Advice for Gen X
Individuals in their 40s and 50s, commonly found in the age group denoted as “Gen X,” should prioritize retirement planning as they grow closer to the age of retirement. For many of these individuals, saving and investing for retirement has not been as high a priority as it should have been, but there is still time to adequately prepare for what is to come. Below are a few considerations to make when thinking about your retirement.
2020 Contribution Limits for Employer-Sponsored Plans
The 2020 contribution and benefit limits have been released by the IRS. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased.
How to Invest in Startups
Everyone wants to get a good return on their investments. That’s one reason people want to go beyond a simple savings account at the bank. The dream of many investors is to get in on the ground floor of something big. We’ve all heard the stories of people who joined Facebook, Microsoft, or Yahoo in the early days.
Does The Fed Lowering Interest Rates Really Hurt Retirees?
In most cases, the actions of the Federal Reserve lowering interest rates are a good thing because a lot of economic activity depends on the ability of businesses to borrow money. It is of course easier to borrow when interest rates are lower, but lowering interest rates too much could affect investors who may see lower returns on certain funds in their portfolio.
2019 Catch Up Contributions
The IRS does a good job of providing the country’s elder statesmen with ways to save for retirement. Some of the most popular investment vehicles the IRS provides access to for the benefit of US taxpayers include 401(k) accounts and a variety of IRAs.
What to Consider Before Investing in a Tech Startup
In this age of technology, many startups have emerged in the tech industry. With immense potential for growth and development, tech startups are attractive options to investors. Because of the volume of tech startups that exist today, it is important to thoroughly research companies of interest before investing.
Avoid Required Minimum Distribution Mistakes
If you’re approaching retirement or already retired, you may have a traditional IRA, SIMPLE IRA, or SEP. If you do, at a specific age you must take a minimum distribution.
How Financial Advisors Can Acquire New Clients
Any emerging or growing consultant struggles to develop and maintain a viable client base. Financial advisors may find this task even more difficult. The fiduciary responsibility that comes with money management requires a very high level of trust. Financial advisors, whether or not they are affiliated with a reputable firm, must cultivate a trusting relationship with their prospective clients.