“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…” I suppose this quote from Charles Dickens might well apply to any time in human history. It certainly seems to apply to now. For some this moment is good, for others not good. I recently heard… Read more →
About IRA Required Minimum Distributions.
The SECURE Act and IRA required minimum distributions. Last December (2019) the SECURE Act was signed into law. This new law changed the required beginning date for IRA required minimum distributions (RMDs). Prior to the act annual RMDs were required to begin by December 31 of the year that the IRA owner reached age 70.5. (Technically, it was the year… Read more →
Important News For Our Investment Clients!
Investment management fees have been reduced! Our strategy has always been to offer better than average value to our clients. Effective January 1st of this year we reduced our fee for clients with aggregate account values of $1.5 million or more under our care. Beginning July 1st we will reduce our fee for all clients with $500,000 or more under… Read more →
What now?
First, please know that even though I have posted more frequently of late it is not my plan to write every day. I’m sure your inbox has plenty to require your attention. But, I do want to answer some questions here. Question: Should we be “all in” now, as some have suggested? Answer: Only if you desire to speculate. Investors,… Read more →
A Very Quick Note.
For most investors the first quarter of 2020 was a challenge, to say the least. The Dow 30 stocks (DIA) lost 24% of their value. On average our client accounts were down 16.57%. While the current pandemic continues to take lives and disrupt economies, we welcome recent stock market optimism. However, we continue to be very cautious, especially with regard… Read more →