I write this from my kitchen table. It is my new office, and my family has to check that I am not in a virtual meeting to come into the kitchen, because I am easily distracted. I am on the cell phone and the computer all day long. My wife is also working from home.…
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Throughout the Coronavirus challenge, Pinnacle Advisory Group wants to keep you in the loop concerning important financial developments that may impact you. As a result, below is the summary of an announcement concerning 2019 income taxes to be filed in 2020. On March 21, 2020, the federal government announced the following concerning 2019 income taxes…
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Whew, what a difference a year makes. The final quarter of the decade proved to be very different than the nerve-wracking ending of 2018, with risk assets enjoying a strong rally into the end of the year. U.S. stocks soared by almost 9% in the final months of 2019, putting the finishing touches on the…
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Last week, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law. Here are some of the retirement enhancements the act offers, effective January 1, 2020: Required Minimum Distributions (RMDs) from 401k, 403b, and IRA accounts will not be required until the year in which the account owner turns age…
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As an entrepreneur, you’ve probably been so busy building, nurturing, and growing your business, that you haven’t had any time to think about your own retirement. That time has finally come: It will probably take several years to plan the successful sale of your small business, so it’s a good idea to get started now…
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Among the resources available to enable investors to achieve both their pre-retirement and retirement goals, the Roth IRA is a particularly valuable “arrow in your quiver.” As a savings vehicle, a Roth IRA is available to anyone, regardless of age, who has earned income up to certain annual limits (a phaseout range of $122,000 –…
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If you use a computer, you are vulnerable and at risk of having your information compromised. I am old-fashioned, and while I use a computer for many things, I don’t use it for on-line banking. I have to wait until my bank statement arrives every month to check for my deposits and withdrawals and balance…
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According to a 2016 Employee Benefit Research Institute study on retirement satisfaction, almost 90% of retirees say that their retirement is either “very” or “moderately” satisfying. Fortunately, most retirees are happy. A little over 10% of retirees, however, admit that they are “not at all satisfied” with their retirement. The difference between happy and unhappy…
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After an impressive move higher during the first half of 2019, risk assets saw little movement to the upside in the third quarter. The S&P 500 did reach a record high of 3,025 on July 26th, only to slide back six percent over the following six trading days as, once again, investors had to digest…
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How long will $500,000 last in retirement? The answer is… it depends. You’ll need to start with some basic retirement questions. To a large degree, your ability to retire on $500,000 will depend on your answers: How old are you and how long do you want to plan on funding your retirement? How much will…
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