Seek and Find!
After one of the worst trading days in 2022, it’s important to remember that pullbacks of 5 to 10 percent typically happen about every year. But how should investors prepare for the potential of additional market volatility amidst the unprecedented macroeconomic concerns?
After several weeks of buildup and anticipation, Russia launched a full-scale invasion of Ukraine last night. Rocket attacks on key infrastructure, cyberattacks on government websites, and troop advances follow on the heels of a massing of military forces on the Ukraine border as well as several previously Russian-held areas of Ukraine.
In Hollywood movies, when a patriarch or matriarch dies, the relatives gather to find out what money or valuables they’ve inherited. Then, someone gets greedy and causes an all-out family squabble. In real life, however, the dramas that erupt around inheritance are surprisingly often not about the money.
During his working years, Fritz Gilbert was a super saver: He socked away an average of 20 percent of his earnings and invested carefully. But when he retired from a 33-year career in the aluminum industry in 2018, he and his wife, Jackie, switched their mindset. Within the confines of their carefully constructed financial plan, they became unabashed spenders.
In late 2021, after months of growing anticipation about inflation pressures, the closely watched Consumer Price Index (CPI) measure surged to 6.8 percent on a year-over-year basis. The November reading represented a nearly 40-year high and triggered a tsunami of alarming headlines across financial media outlets.
In this installment of Client Conversations, we explore the unique benefits of nonqualified defined contribution plans, look at options for covering healthcare costs in early retirement, and provide some insights on surging home prices and the drivers behind them.
We’ve been hearing a lot about inflation lately, but what’s all the hype about? Some of it is practical. Restarting the global economy after the COVID-19 shutdown has not come without a few hiccups that have dramatically affected the prices of some goods and services—food, energy, automobiles, and transportation services to name just a few.
In this installment of Client Conversations, the team at VESTED gets into old-world and modern-day tactics crooks use to steal from 401(k), 403(b), and other retirement accounts. From contacting financial institutions pretending to be the account holder to convincing the account holder to transfer funds out of the account—we’re exposing what you need to know to safeguard your accounts. Also included are insights on the potential age delay in RMDs. With change expected to become law by the end of the year or sometime in 2022, VESTED dives into the ways that the extra years could provide more time to strategize.