In this 2020 recap: a pandemic sends the economy and financial markets reeling, leading to relief programs for consumers and businesses and a shift in priorities at the Federal Reserve; the global economy stumbles, but its key players reach important trade agreements; vaccines emerge, and a sustained stock rally set records. THE YEAR IN BRIEF The global pandemic … [Read more...] about Market Update (January 2021)
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End-of-the-Year Money Moves. 2020 Edition
Here are some things you might consider before saying goodbye to 2020. What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. Did you start a family? That’s practically a pirouette. If notable changes occurred in your perso … [Read more...] about End-of-the-Year Money Moves. 2020 Edition
Market Update (December 2020)
In this month’s recap: Stock prices powered higher and energized investors thanks to a month-long succession of positive news events. U.S. Markets Stock prices powered higher and emboldened investors in November thanks to a series of positive news events. The Dow Jones Industrial Average, which has lagged much of the year, led the rally, jumping 11.84 percent. The S … [Read more...] about Market Update (December 2020)
Market Update (November 2020)
In this month’s recap: Inaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October. U.S. Markets Inaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October. The Dow Jones Industrial Average, which has lagged much of the year, dropped 4 … [Read more...] about Market Update (November 2020)
2021 Limits for IRAs, 401(k)s and More
Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s. The salary deferral amount for 401(k)s remains the same at $19,500, while the catch-up amount of $6,500 also remains u … [Read more...] about 2021 Limits for IRAs, 401(k)s and More