LPL Research on CNBC. LPL Financial Senior Market Strategist Ryan Detrick was on CNBC’s Squawk Box yesterday with Becky Quick. You can watch the full interview here. S&P 500 futures point to strong open. Following a dramatic decline Monday, China’s major indexes rebounded overnight, acting as a catalyst for a global rally. The MSCI Asia Pacific rose 1.1%, with the Euro … Read more
With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement. In today’s do-it-yourself retirement savings world, we rely largely on 401(k) plans and IRAs. However, there are obviously flaws with the system because about one-fourth of working Americans have no retirement savings at all–including 13% … Read more
Take This Quiz: The Social Security Retirement Earnings Test Can you work and receive Social Security retirement benefits at the same time? Yes, but the Social Security Administration (SSA) will apply an earnings test. Part or all of your monthly benefit may be withheld if you earn too much. To help avoid surprises, take this … Read more
Key Retirement and Tax Numbers for 2020 Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2020. Employer retirement plans IRAs The combined annual limit on contributions to traditional and … Read more
According to a recent survey, 76% of Americans reported having at least one financial regret. Over half of this group said it had to do with savings: 27% didn’t start saving for retirement soon enough, 19% didn’t contribute enough to an emergency fund, and 10% wish they had saved more for college.1 The saving conundrum … Read more
Top 10 RMD (Required Minimum Distributions) Mistakes 10. Rolling over an RMD. RMDs are not eligible to be rolled over. This happens most frequently when company plan assets are rolled over to an IRA. If the RMD is not taken first, you now have an excess contribution in the IRA that needs to be corrected. … Read more
Losing a loved one can be a difficult experience. Despite the emotional trauma involved, you may also be responsible for handling a variety of financial, legal, and administrative tasks. You may find yourself unsure of where to begin and what to do. However, do not be hasty when settling your loved one’s estate. Important decisions … Read more
FIRE – Four Things to Know About This Hot Retirement Movement. Many workers look forward to the day they can finally retire, and for some, an early retirement would be a dream come true. Others are turning this dream into a reality by retiring in their 30s or 40s. But how are they able to … Read more
The IRS recently issued its annual list of tax scams. The list highlights various scams that taxpayers may encounter, many of which occur during tax filing season. Here are some of the scams that are highlighted on the list. Phishing Phishing scams usually involve unsolicited emails or fake websites that pose as legitimate IRS sites … Read more
How our coin phrase (pun intended) “Wealth Without Worry” drives us every day in our approach to planning and in building every relationship with our clients. Check out other videos from HoLo: What Is Risk Correlation? Estate Planning Considerations:
What health services aren’t covered by Medicare? Original Medicare — Part A hospital insurance and Part B medical insurance — offers broad coverage, but many services are not covered. Some may be fully or partially covered by a Part C Medicare Advantage Plan, which replaces Original Medicare, or a Medigap policy, which supplements Original Medicare. … Read more
Earnings Season: What Investors Can Take Away from Corporate Reports Publicly traded companies are required to report their financial performance to regulators and shareholders on a quarterly basis. Earnings season is the often-turbulent period when most companies disclose their successes and failures. U.S. companies included in the S&P 500 index suffered year-over-year earnings declines in … Read more
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