The Secure Act – Key Provisions Affecting Retirement & College Savings Plans

Kent Forsey, CFP® 401k, 529 Plans, IRA's, Retirement Planning, RMDs, SECURE Act, Student Loans

There are a few new rules and numbers to keep in mind regarding retirement plans as legislation passed by Congress 2020 includes changes affecting millions of American retirees.  The Setting Every Community Up For Retirement Enhancement Act, known as the SECURE Act, was signed into law by the president on December 20th.  Provisions of the law are intended to facilitate …

Macro Overview

Kent Forsey, CFP® Client Education, Economic Update, Macro Overview, Taxes, US Overview

A quick snapshot of where we stand at the end of 2019 and the past decade. Financial markets experienced a bountiful decade for stocks and bonds, as a low rate environment fostered by the Federal Reserve and technological advances driven by innovation, catapulted values higher. The 2010 decade was the first decade to avoid a domestic economic recession, with accelerated …

Global Markets Elevate

Kent Forsey, CFP® Equity Markets

Domestic equities finished November with gains not seen since the summer, took a brief pause and then continued their ascent as we approach the end of the year. Optimism surrounding U.S. – China trade discussions helped fuel equities higher, with technology, health care, and financials as the leading sectors in November. The absence of volatility, along with the Fed maintaining …

Year End Tax Actions to Consider

Kent Forsey, CFP® Financial Managment, IRA's, IRS, Tax Planning, Tax Returns, Taxes

It’s been two years since the last major tax changes were made by congress in 2017, but some of the changes were slow to be defined and understood.  Here are some that affected most individual taxpayers to consider as we reach the end of the year. Withholdings and Estimates Withholdings and estimated taxes should be verified before year end, as …

Stretch IRA Rules May Change – Retirement Planning

Kent Forsey, CFP® Inheritances, IRA's, Taxes

A widely used method to defer taxes and benefit your children or grandchildren with your unused retirement funds is about to change as new rules are being imposed on distribution of funds from Inherited IRAs, also known as Stretch IRAs. Both the House of Representatives and the Senate have drafted their own versions of the new rules.  The House has …

China No Longer Biggest Trade Partner With U.S. – International Trade

Kent Forsey, CFP® Emerging Markets, Tariffs, Trade Policies

This is an important fact to remember with all the media focus on tariffs with China. The United States maintains a favorable trading relationship with many countries all over the world, yet only a handful encompass the bulk of all trading activity. For years, Mexico, China and Canada have been the top three trading partners with the United States, sending …

Macro Overview – August 2019

Kent Forsey, CFP® Bonds, Dow Jones, Economic Update, Economy, Euro, Macro Overview, Stock Indices, Tariffs, World Economies

Trade tensions escalated as the U.S. announced a 10% tariff commencing September 1st on $300 billion of Chinese imports that haven’t yet been subject to any tariffs.  The additional tariffs would essentially apply to nearly all imports from China.  Another $250 billion in Chinese imports have already been subject to a 25% tariff for the past few months. While this …

IRS Scams – Consumer Awareness July 2019

Kent Forsey, CFP® Data Breach, Identity Theft, IRS, Scams, Tax Returns

Attempted financial scams seem to happen to all of us at some point.  An awareness of the many new ways they can happen is key to making sure you don’t get pulled into them.  Identity theft and stolen funds are becoming a growing risk as thieves have devised clever methods of masking IRS communications.  Various government entities have identified some …

Macro Overview – June 2019

Kent Forsey, CFP® Mortgage Rates, Tariffs, Trade Policies, Treasury Bonds, Unemployment Rates

The “firehose” of information available nowadays makes it difficult to focus on what topics are really affecting the market.  Here is a good summary of this month’s most important issues. The ongoing trade dispute between the U.S. and China escalated in May as the U.S. signaled that it had not finalized a deal yet with China.  The lack of a …

Social Security Falls Short On Projections

Kent Forsey, CFP® Social Security

Taking full advantage of employer 401(k) or other retirement benefits will continue to be vital to successful retirement planning as reduced social security benefits  becomes more likely the longer Congress waits to take action. A U.S. Government report compiled and released by the Government Accountability Office (GAO) found that 48 percent of individuals 55 and older had no retirement savings …