The SECURE Act: What It Means for Your Company’s Retirement Plan
Posted by Thomas J. Bartholomew, AIF® on Mon, 02/03/2020 - 18:09
A bill that comprehensively reshapes the realm of employer-sponsored retirement plans for employers and employees alike has been passed into law. The bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act—originally introduced in April 2019—was signed into law by President Trump on December 20, 2019.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act
Posted by Thomas J. Bartholomew, AIF® on Mon, 02/03/2020 - 18:08
On December 20, 2019, the SECURE Act was signed into law. The SECURE Act contains 29 provisions, encompassing many aspects of financial planning and retirement saving. Once treasury regulations are released, nuances in interpreting this new law will become clearer. Until then, individuals are left to interpret the law’s effects based on the language of the law itself. This article will address what the SECURE Act entails and who it affects, as well as provide suggestions on how to plan for the changes that have been instituted.
Market Continues to Slide on Coronavirus Fears: What Should Investors Do?
Posted by Thomas J. Bartholomew, AIF® on Mon, 02/03/2020 - 18:06
As of this writing (February 28, 2020), the Dow and S&P 500 are down more than 15 percent from recent highs. Given that we’ve had one of the worst weeks in history for the stock market, many fear that we’re on the road to another financial crisis. But what can investors do to protect themselves? To answer this question, we first need to assess what is really happening—and what isn’t.
What Does the Coronavirus Mean for Investors?
Posted by Thomas J. Bartholomew, AIF® on Mon, 02/03/2020 - 18:01
Despite attempts by Chinese authorities to contain the coronavirus, the numbers make clear that the virus is now spreading around the world. According to the World Health Organization, there are 79,331 confirmed cases, of which 77,262 are in China and 2,069 are outside of China (as of February 24, 2020). Unfortunately, the numbers only seem to be growing, with the Washington Post recently reporting that there were 833 confirmed cases in South Korea and 53 confirmed cases in the U.S.
Prioritizing Your Financial Health in the New Year
Posted by Thomas J. Bartholomew, AIF® on Thu, 01/02/2020 - 17:58
It’s that time of year when many people set goals with the hope of changing their lives in the months to come. Some may set their sights on losing a significant amount of weight or training for a marathon, while others may want to spend more time with family or other loved ones. Whatever your plans, consider adding a few of the financial changes described below to your resolution list, too, to help you turn 2020 into an even better year.
Market Faces More Turbulence, But Positive Trends Continue
Posted by Thomas J. Bartholomew, AIF® on Thu, 08/01/2019 - 17:56
It’s been a tough time for the markets. Indeed, we recently saw the largest stock market drop of 2019. With the Dow Jones Industrial Average declining more than 800 points (over 3 percent) on August 14, investors are starting to worry. But is this latest round of volatility cause for concern? Let’s take a closer look.
Will Trade War Lead to More Market Volatility
Posted by Thomas J. Bartholomew, AIF® on Thu, 08/01/2019 - 17:55
On July 26, 2019, the S&P 500 peaked—but it has since dropped by almost 6 percent (as of August 3). To be sure, such a large and fast drop has rattled investors. So, what’s behind this sudden pullback—and is it likely to continue?
Understanding the Borrower Defense to Repayment Student Loan Forgiveness Program
Posted by Thomas J. Bartholomew, AIF® on Mon, 07/01/2019 - 17:54
Have you heard the term borrower defense to repayment but are not sure what it means? Are you wondering if it could apply to your student loans? Read on to learn more about this program, as well as how to determine your eligibility and apply.
2019 Midyear Outlook: A Story of Headlines Vs. Fundamentals
Posted by Thomas J. Bartholomew, AIF® on Mon, 07/01/2019 - 17:49
At the end of last year, the big question was, “Will 2019 bring the end of the recovery?” All of the data seemed to point to an answer of “Not yet.” And so far, that answer still holds. The big picture suggests growth is likely to continue for the rest of the year, which should, in turn, support the financial markets. But there’s more to the story . . .
Recession on the Horizon? Not So Fast
Posted by Thomas J. Bartholomew, AIF® on Sat, 06/01/2019 - 17:47
Recently, the markets have experienced another round of volatility as the worries seem to be piling up. Tech stocks struggled on the news that Washington will be taking a hard look at regulating them. Concerns over a trade war continue to reverberate throughout the market. And the yield curve remains inverted, escalating fears of a more severe slowdown.