How have various Asset Allocations fared throughout the past (nearly) nine decades...through the Bull Markets, as well as the Bears? The attached article from Franklin Templeton - 89YearsofBullsandBears.pdf - discusses the "whys" behind the market trajectory of each decade, and shows how various asset allocations performed.
Taxes can often feel overwhelming so we've provided a helpful reference guide for 2020, showing you important information in one place: 2020 Tax Reference.pdf
New laws were passed at the end of 2019 that aim to encourage more people to save for retirement in 2020, and it appears to be good timing: According to a December Ispos poll, 38% of Americans planned to have a 2020 New Years Resolution. Of these, 51% state that finances are their priority1.
To encourage financial stability through retirement savings, the maximum contribution rates for retirement plans has been increased, and tax incentives are being offered to small businesses to set up automatic enrollment in retirement plans, as part of the SECURE Act. Read about some of the highlights here.
Are you ready to increase your savings amount, open a new retirement account, or just get a better understanding of how the new rules apply to your retirement goals? Contact us today.
1. Annaleise Azevedo Lohr, “Urban Plates/Ipsos Poll 2020 New Year’s Resolutions” December 11, 2019, accessed January 13,2020, https://www.ipsos.com/en-us/news-polls/urban-plates-ipsos-NY-Resolutions
January 1st, 2020 brought a new year and new retirement legislation, with the passage of the SECURE Act (details here). As always, we would be glad to discuss how this may impact your retirement plans, your business, and your estate.
Retirement income used to be a three-legged stool, made up of Social Security, Employer Pension Plans, and Personal Savings Accounts. As Social Security adapts to more retirees and fewer contributors, and many employers are pulling away from offering traditional pension plans, personal savings accounts are becoming more prevalent. The Individual Retirement Account (IRA) was introduced in 1974 to allow for tax-deferred individual retirement savings; then, thirty-three years later (in 1997), the Roth IRA came on scene, and has been utilized as a savings vehicle for many retirement planning strategies, especially among Gen-X and Millennials.
Saving for retirement need not just be for adults, however: Minor children can open and contribute to Roth IRAs, as long as they have earned income. Do you have a child, grandchild, (great)niece/nephew, cousin, or friend who could benefit from utilizing a Roth IRA? Read this article, then contact us to learn how contributing to a Roth IRA from a young age may help a child you know plan for retirement down the road.
Discussions about finance, health, and end-of-life care are rarely easy. As our loved ones age, the importance of such conversations becomes more apparent, but that doesn't necessarily make the subjects easier to broach. How do you bring up these and other challenging topics with your aging loved ones? This brochure gives helpful tips. If you or your loved ones need assistance planning for financial succession, please reach out to us at firstname.lastname@example.org - we would welcome the opportunity to meet with you.
With college costs at historic levels, how can you help prevent your child or grandchild from being weighed down with student debt upon graduation? This article by John Hancock may provide a starting point. Want to continue the conversation? Give us a call at 720-510-1199; we'd love the opportunity to discuss how the right plan can help steer your student down the path of financial freedom.
In a world which seems to change with each social media post, you can rest assured in our systematic process, aimed at helping you achieve financial success. To learn more about how we are working to assist you, our valued client, with your short-term and long-term financial goals, watch the short video below.
Clarus Wealth at Plum Creek's advisor, Karine Beard, was recently announced as a Five Star Top Wealth Manager in ColoradoBiz, 5280 Magazine, and Phoenix Magazine for the 6th year in a row! Congratulations, Karine!