Key Provisions of the CARES Act
Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs. Provided by Marc Aarons Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing key provisions that may benefit retirees.1 […]
Pullbacks, Corrections, and Bear Markets
What’s the difference? What do these terms mean for you? Provided by Marc Aarons @ Money Managers Inc. The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe “this time it’s different.” When […]
Tremendous Gains Since 2009
A look at where stocks were in 2009 and how they have performed since Provided by Marc Aarons Where were you on March 9, 2009? Do you remember the headwinds hitting Wall Street then? When the closing bell rang at the New York Stock Exchange that Monday afternoon, it marked the end of another […]
How Women Can Prepare For Retirement
A practical financial checklist for the future. Provided by Marc Aarons When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old woman will live to age 86½. Given these projections, it appears that […]
Should You Care What the Market Does Each Day?
Focusing on Your Strategy During Turbulent Times. Provided by Marc Aarons Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away. This impatience also manifests itself in the […]
Coronavirus & More
The 24-Hour News Cycle moves from Impeachment to COVID-19 to the Primaries – What’s next? Provided by Marc Aarons at Money Managers, Inc. In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we […]
A Roth IRA’s Many Benefits
Why do so many people choose them over traditional IRAs? Provided by Marc Aarons at Money Managers, Inc The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers savers so many […]
The Major Retirement Planning Mistakes
Why are they made again and again? Provided by Marc Aarons at Money Managers, Inc. Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them […]
Annual Financial To-Do List
Things you can do for your future as the year unfolds. Provided by Marc Aarons at Money Managers, Inc. What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific […]
New I.R.S. Contribution Limits
A look at the maximum amounts you can put into retirement accounts this year. Provided by Marc Aarons at Money Managers, Inc. The I.R.S. just announced the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at them. *Next year, you can put up to […]