Photo by Lightscape on Unsplash
It’s probably no coincidence that the year ends at the same time we experience the longest nights and coldest days; a perfect excuse to spend a little extra time with family, reflect on the past 365 days and consider what may be ahead in the coming New Year.
If you are reading this, it is likely during those quiet days between Christmas and the New Year holiday where time seems to slow just enough for us to count our blessings and prepare for the coming new year.
A new year brings uncertainty, but also hope for a better future.
In the weeks and months that lie ahead I will roll out major changes to my website, update how we communicate with our people, and possibly even add some new people to my team. I can’t wait to share all this and more with you in 2019.
My blog posts will resume their regular weekly schedule in January. Until then, I wish you and your family a safe and blessed holiday season.
Happy New Year!
About this time of year my family starts to put together their Christmas list. It’s not just the kids. Adults, too, are encouraged (even expected) to produce a list of the stuff they’d like to receive for Christmas.
Instead, I propose we do a Gratitude List. A list of the things we are most grateful for and, frankly, could probably not live without.
Not in any particular order are just a few of the things I am grateful for this Thanksgiving.
After every election about half of my clients want to sell everything and move to cash. The problem with elections and markets is that they rarely move together.
Guessing which way an election will fall and how markets will respond is difficult at best.
Can Election Results Predict the Market?
IRAs are the cornerstone of most people’s long-term retirement plans. In the best of circumstances, they offer tax-deferred growth and either tax-free distributions at retirement or a major tax-deduction when contributions are made.
Savvy investors fund their IRAs to the maximum amount allowed by the IRS. However, if you are not careful, it’s actually possible to OVER fund your IRA.
Known as an “excess contribution”, adding too much to your IRA could result in significant penalties and quite a mess to untangle.
Below are 5 ways you can end up with an excess IRA contribution.
Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, “Almost any decision is better than no decision at all.”¹