Target-date fund design may be wrong for retirees

Researchers suggest the funds don’t adequately hedge against sequence-of-returns risk in retirement Prominent retirement researchers are questioning whether target-date funds, the golden goose of the 401(k) industry, are structured appropriately. TDFs have become the...

WEEKLY UPDATE – JUNE 17, 2019

The Week on Wall Street Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets index, added 0.20%.[1][2] The market...

Big Gains for the Major Indices

  The Week on Wall Street Stocks rallied during a week in which Wall Street was buffeted by headlines. The S&P 500 rose 4.41%. The Nasdaq Composite and Dow Jones Industrial Average respectively added 3.88% and 4.71%. The MSCI EAFE index of overseas stocks improved 2.02%...

The Week on Wall Street

The Week on Wall Street Stocks returned to record territory, with both the S&P 500 and the Nasdaq Composite closing at historic highs. The S&P gained 1.20% for the week; the Nasdaq, 1.85%. The Dow Jones Industrial Average lagged, losing 0.06%. The MSCI EAFE index of...

If you’re in debt, you don’t deserve a vacation

Nothing makes me crazier than when people deep in debt try to persuade me that they are being financially responsible because they “saved up” for their vacation. And I am not impressed that you saved for a summer trip to Walt Disney World with your children when you haven’t even...

Ford invests $500 million in electric pickup startup Rivian, will make an EV together

Ford announced today that it is investing $500 million in electric pickup startup Rivian and the automaker will use the startup’s platform to make an all-electric vehicle. Just two months ago, Rivian, an electric vehicle startup better known for developing an electric pickup,...

Mild Week for the Market

The Week on Wall Street A short and relatively placid trading week wrapped up Thursday, with the major indices turning in mixed performances. The S&P 500 retreated 0.08%, the Nasdaq Composite advanced 0.17%, and the Dow Jones Industrial Average gained 0.56%. The MSCI EAFE...

Your 401k

Can you take a minute to absorb something very important?  What if you could make 3-6% consistently and safely in this economy going forward?  What if an advisory office could show you how? The really good news is that we can!  As we approach elections this year, it is becoming...

Tax-Free Retirement

Is it possible for you to have a tax-free retirement?  Can you reduce or eliminate your taxes during retirement? Can you “make a deal” with the IRS that goes something like this:  “I’ll pay you what I owe you now, but don’t ever ask me for anything else?” The answer to all of...

Hello to our friends and clients:

Well it turns out you do have friends in Washington!! Incredibly and against their better judgement the IRS made a stunning change to the Required Minimum Distribution from an IRA which begins at 70 ½.  It is really hard to believe but they recently passed the QLAC regulations...