Apr 28, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
April 27th, 2020 Chadd Mason, CEO The Cabana Group Will COVID-19 Change Our World (and our Markets) Forever? As our country begins to consider reopening for business, I am left wondering how we will forever be changed? Will we shake hands with new acquaintances? Will...
Apr 27, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst 77 and sharp – that’s my dad. A voracious reader. Daily crossword puzzles. Curious. Engaged with the community. But he gets a little loose with technology. Comedic evidence suggests he is blissfully unaware if he is having a...
Apr 23, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: Did the SECURE Act change the rules for designated non-spouse inheritors of a Roth IRA? I believe they used to be able to take distributions based on their life expectancy. Does the 10-year rule also apply to Roth IRAs? Thanks,...
Apr 23, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Now that we’ve entered a bear market for the first time since 2009, many pre-retirees are likely asking questions about the impact on their retirement savings. Will the stock market sell-off wipe out years of growth in their 401(k)s? Are there any steps that can be...
Apr 22, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The Coronavirus Aid, Relief and Economic Recovery Act (CARES Act), signed into law on March 27, includes several important retirement-related provisions. Because some of these provisions are confusing, several misconceptions about the new...
Apr 22, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The Coronavirus Aid, Relief and Economic Recovery Act (CARES Act), signed into law on March 27, includes several important retirement-related provisions. Because some of these provisions are confusing, several misconceptions about the new...
Apr 21, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
– David Young, CFA Oil Prices: A Primer Like many commodity contracts in the investment world, oil futures trade on a time-based curve. By this, we mean that oil futures contracts have different expiration dates. At the expiration date a contract holder takes...
Apr 20, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst As the coronavirus pandemic has raged on, we have seen devasting images of overwhelmed hospitals and long lines of cars at food banks. If you are fortunate enough to have money to spare, you might be thinking about how you can help....
Apr 19, 2020 | Market Review and Outlook
Mid-April 2020 Market Update – David Young, CFA We vividly recall the financial crisis of 2008. The economy was quickly contracting, several financial institutions required bailouts, layoffs abounded, and the stock market plunged. But we weren’t grappling with...
Apr 17, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
The COVID-19 pandemic could upend retirement planning, jeopardizing financial security for the next generation of retirees. Experience from the 2007–08 financial crisis and Great Recession that followed suggests the current crisis could wipe out existing retirement...
Apr 16, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Question: I took 25% of my 2020 required minimum distribution (RMD) from an inherited IRA on March 15, 2020. Can that be “undone” in accordance with the CARES Act and if so, how? Thanks. Audrey Answer: Hi Audrey, The CARES Act waives...
Apr 15, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst I grew up in the northeast, where snow squalls sweep across Lake Ontario and cede to blue skies, where 85-degree summer days change to a biting rain at a moment’s notice. The folksy phrase around town was, “If you don’t like the...
Apr 15, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst I grew up in the northeast, where snow squalls sweep across Lake Ontario and cede to blue skies, where 85-degree summer days change to a biting rain at a moment’s notice. The folksy phrase around town was, “If you don’t like the...
Apr 14, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
April 14th, 2020 Chadd Mason, CEO The Cabana Group The Investment Process Magnified to the Tenth Degree Investors in markets of all types continue to try and assess the damage to corporate earnings that will be seen over the next few months as a result of the...
Apr 13, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The recently-enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed by President Trump on March 27, 2020, allows “qualified individuals” to take up to $100,000 of penalty-free IRA and company plan withdrawals during...
Apr 13, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
This lesser-known rule could potentially save you a bundle of cash. Millions of Americans have been directly affected by the coronavirus pandemic, from both a health and financial perspective. With thousands of businesses shuttering to slow the spread of the virus,...
Apr 9, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: Hi. What are the rules for QCDs now that required minimum distributions (RMDs) have been cancelled for 2020? Thanks for your help. Jerry Answer: Jerry, Qualified charitable distributions (QCDs) are unaffected by the CARES...
Apr 9, 2020 | Uncategorized
Millions of Americans have been directly affected by the coronavirus pandemic, from both a health and financial perspective. With thousands of businesses shuttering to slow the spread of the virus, approximately 10 million workers have filed for unemployment benefits...
Apr 8, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst On March 27, the massive “Coronavirus Aid, Relief, and Economic Security Act,” or the “CARES Act,” was signed into law. The CARES Act includes a waiver of required minimum distributions (RMDs) for 2020. This waiver applies to company...
Apr 7, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
April 7th, 2020 Chadd Mason, CEO The Cabana Group Market Swings Continue Among Coronavirus Optimism Equity markets continue to experience wild swings in both directions. Last week, we saw two big up days, mixed in with three down days. The S&P 500 finished down...
Apr 7, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Dick has worked as a hospital administrator for 30-plus years. He was planning to retire in a few months. COVID-19 just delayed his plans for many months, or perhaps for years. Reflecting on what the market decline has done to his retirement savings, he conceals his...
Apr 6, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Like most people’s lives, the retirement world is upside down. This is made evident by a single statement: “Required minimum distributions (RMDs) can be rolled over.” Yes, that is the new normal – at least for this year. RMDs are...
Apr 2, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: The virus pandemic has prompted legislation that has eliminated the requirement for me to take a required minimum distribution (RMD) from my IRA for the year 2020. Am I therefore allowed to do a partial Roth IRA conversion in...
Apr 2, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Dick has worked as a hospital administrator for 30-plus years. He was planning to retire in a few months. COVID-19 just delayed his plans for many months, or perhaps for years. Reflecting on what the market decline has done to his retirement savings, he conceals his...
Apr 1, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The recently-enacted “Coronavirus Aid, Relief, and Economic Security Act,” or CARES Act, includes special tax relief for IRA and company plan withdrawals made in 2020 and for company plan loans. Who gets relief? Both the distribution and...
Mar 31, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
March 30th, 2020 Chadd Mason, CEO The Cabana Group Americans Come Together as Markets Close Out Worst Quarter Since 1987 Stock markets around the world are trying to stabilize after the historic drop we have seen this month. Swings of 4% a day have been the rule for...
Mar 30, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst As the coronavirus pandemic has spread, many Americans have been hit hard. Their retirement accounts have also taken a serious blow as markets have plummeted. In these tough times, there is a bit of good news as the government has come...
Mar 26, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Question: With the COVID-19 changes to push the tax filing back to July 31st, can someone still make a 2019 contribution until that date or do all contributions need to be made by the usual April 15th deadline this year? Jerry Answer:...
Mar 26, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
With all that is going on in the market with the Coronavirus, we have received many requests to give our opinion on how long it will take for a retirement savings to get back to the level it was before the virus took its toll on the market. Understanding that no one...
Mar 25, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst By their nature, small businesses struggle in the shallows. Now they face a tsunami. However, when the shutters are removed and customers return and the employees are back on the payroll, normal day-to-day concerns will be a...
Mar 24, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
March 23rd, 2020 Chadd Mason, CEO The Cabana Group U.S. Economy and Day-to-Day Life Comes to a Complete and Sudden Halt On behalf of everyone here at Cabana, I want to wish our clients, investor partners and friends good health and peace at this time. What we are...
Mar 23, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst It’s common for IRA owners to leave their assets to multiple beneficiaries – for example, their children. Before the SECURE Act, it usually made sense to split the IRA into separate accounts either before or after death. That’s because...
Mar 19, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Everything these days seems to be about coronavirus, coronavirus, coronavirus. Especially when you have a family, these can be scary times. So, first and foremost: Chances are that you will be OK. The novel coronavirus seems to mostly spare young kids, and if you’re a...
Mar 19, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: A daughter who has been diagnosed with rheumatoid arthritis is listed as the beneficiary on her father’s Roth IRA. Does this disease qualify as a “chronic illness” for purposes of the exception to the 10-year rule? Is...
Mar 18, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst The coronavirus has been wreaking havoc on markets and millions of retirement account balances have suffered significant losses. This has left many IRA owners looking at lower account balances after several years of gains and wondering...
Mar 17, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
March 16th, 2020 Chadd Mason, CEO The Cabana Group Market Volatility Spikes to Record Highs U.S. and international equity markets dropped 11% just today and are down almost 20% this month alone. Year to date, the S&P 500 is down more than 25%. COVID-19 started in...
Mar 16, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst When a person takes a distribution from his IRA or workplace plan, he has 60 days from the day of receipt to redeposit (i.e., roll over) those dollars into another qualified account. This assumes no other disqualifying rollovers...
Mar 12, 2020 | Uncategorized
I believe you can grill all year round, whatever the weather. Though going by many of the complaints I see in Facebook groups about rain preventing play, it’s evident not everybody agrees. So in this article, I’m going to give you some guidance on how to master the...
Mar 12, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
As we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, we can exercise good judgement based on facts, due diligence, historical patterns and a risk/reward calculation. These...
Mar 12, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: Hi Ed, First of all, I’m a big fan. Now here’s my question: If I do a backdoor Roth conversion with exclusively nondeductible IRA contributions, is there a 5-year clock on withdrawing the converted dollars without...
Mar 11, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The amount of annual elective deferrals you can make to a 401(k) or 403(b) plan is limited by the tax code. If you discover that you’ve over-contributed in 2019, time is of the essence to correct the error. If you don’t act quickly, the...
Mar 11, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
March 9th, 2020 Chadd Mason, CEO The Cabana Group All True Investing Takes Process and Perspective Given the continued bloodbath we are seeing in stocks, this commentary serves as follow up to the Special Report we released just over a week ago, on February 29. In...
Mar 9, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst The SECURE Act eliminated the age restriction on contributions to traditional IRAs. The rule outlawing contributions for those 70 ½ or older is no more. This is good news for older IRA owners who are still working or have a spouse who...
Mar 5, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Taking these steps before you begin claiming can ensure you’re receiving as much money as possible. The majority of retirees will depend on their Social Security benefits for at least a significant portion of their income. In fact, half of married couples and...
Mar 5, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Question: My dad was 86 when he died and I inherited half of his IRA, which I elected to stretch. Am I correct in thinking that since I am not yet 70 ½, I am not allowed to direct qualified charitable distributions (QCDs) from this...
Mar 4, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst True or False? “It is mathematically impossible for an IRA account owner to have his first required minimum distribution (RMD) be due for the year 2020.” Here’s why this statement is true. First, we are not talking about inherited...
Mar 4, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
Mar 2, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Who can offer them? Most company retirement savings plans, such as 401(k), 403(b) and 457(b) plans, are allowed to (but not required to) offer plan loans. Loans are not allowed from IRAs or SEP and SIMPLE-IRA plans. What is the maximum...
Feb 27, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Going through her mail, Kendra slices open an envelope from her preferred airline. Inside she finds a hefty gray card with her name etched on it. The 36-year old reads the enclosed letter informing her of her “achievement.” She has reached Platinum status as a...
Feb 27, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: Looking for your help. Husband has an inherited IRA (from his dad prior to the SECURE Act) and was taking RMDs using the single life table. Husband passes away in 2020 and leaves the inherited IRA to his wife who is age...
Feb 26, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst The SECURE Act overhauled the rules for beneficiaries of retirement accounts. One significant change it brought is the new 10-year payout rule. Here are ten things you need to know about the new 10-year rule. 1. The 10-year rule...
Feb 25, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
February 19th, 2020 Chadd Mason, CEO The Cabana Group Dow Plunges as Coronavirus Spreads to South Korea, Iran and Italy As soon as we mentioned the first sign that the coronavirus was impacting earnings (Apple lowered forward guidance), the virus broke out of general...
Feb 24, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst A spouse beneficiary of an IRA faces many decisions. There is great flexibility and many items to consider. For example, how old was my spouse when he or she passed and what impact will that have on my available choices? Do I need...
Feb 20, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
New federal legislation made sweeping changes in retirement plans. Here’s what you need to know. The new year has brought a number of changes in financial rules affecting consumers. Many of them are in new federal legislation called the Secure Act, which mostly...
Feb 19, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Most workplace retirement plans allowing elective deferrals fall into one of these varieties: 401(k) plans for employees of private sector companies. 403(b) plans for employees of tax-exempt employers, public schools and churches. 457(b)...
Feb 19, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: For the last three years, I have done a back door Roth conversion. I do the conversion in January. I am 68 years old and I am rolling over my 457(b) New York City deferred compensation plan funds to a rollover IRA with Vanguard....
Feb 19, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
February 19th, 2020 Chadd Mason, CEO The Cabana Group Apple Reports Coronavirus Threat to Tech Earnings have continued to drive equity prices higher throughout the first half of February. This has occurred in the face of a variety of external threats, including...
Feb 17, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Many IRA owners have named trusts as their IRA beneficiaries. You may be one. Trusts offer control from the grave and can be a smart choice, especially to protect beneficiaries who may be minors, have special needs or simply are not...
Feb 13, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
For many people, retirement is a key reward for decades of daily work—a time to relax, explore, and have fun unburdened by the daily grind. For others, though, retirement is a frustrating period marked by declining health and increasing limitations. For years,...
Feb 13, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Question: Can a QCD be used to pay dues to a charitable organization? Answer: This is an area where we receive a lot of questions. To qualify as a QCD, there cannot be any benefit back to you from the funds that go from your IRA to the...
Feb 12, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Do you want to access your IRA funds penalty-free, even though you are under age 59 ½ and no exception fits your situation? It can be done. Starting a new business and need capital from your IRA, but don’t want to pay the 10% early...
Feb 11, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
February 10th, 2020 Chadd Mason, CEO The Cabana Group Q4 Earnings Continue to Beat Expectations and Provide Investors with Hope U.S. corporate earnings continue to roll in beating expectations on both the revenue and sales side. The S&P 500 earnings growth rate...
Feb 10, 2020 | IRA Blog
Ian Berger IRA Analyst One important difference between IRAs and company retirement plans is spousal protection. Except for community property states, spouses of IRA owners do not have any rights to the account. By contrast, many workplace plans must provide spouses...
Feb 6, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: An initial ROTH conversion was completed in 2018 for tax year 2018. A second conversion was completed in 2019 for tax year 2019. There was no ROTH IRA account prior to 2018 and the account owner is over 59 ½. The 5-year...
Feb 5, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Among the various kinds of annuities, which are contracts you sign with an insurance company to pay a premium for guaranteed income later, two of the most common are fixed and fixed indexed annuities. The former offers a fixed rate of return; the latter ties your rate...
Feb 5, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Are you looking for a better investment for your IRA? Are you thinking about making the move to another IRA custodian or financial advisor? You do have this opportunity. The IRA rules are set up to allow portability. However, if you...
Feb 4, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
February 4th, 2020 Chadd Mason, CEO The Cabana Group The Emotional Stock Market vs. the Wise Old Bond Market Last week, we discussed the coronavirus outbreak and implications it might have on markets going forward. I provided some statistics related to previous...
Feb 3, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst For those who inherit IRA accounts in 2020 or later, the SECURE Act permits five groups of people to stretch required minimum distribution (RMD) payments over their life expectancy. As I touched on in a recent Slott Report article...
Feb 1, 2020 | Market Review and Outlook
January 2020 Market Review -Darren Leavitt, CFA The markets started January with nice gains but gave back some of those gains later in the month on concerns related to the spread of the novel coronavirus and its effect on the global economy. During the month, the US...
Jan 31, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
From retirement plans to health care, things are changing A new year and a new decade begin next week. Whether you’re retired or still working, many changes are coming that could affect you—for better and/or worse. Here’s our breakdown of what you need to know in...
Jan 30, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: Hi Ed, Question on the new SECURE Act: Do you know if there were any changes to the payout period if an estate is the beneficiary of an IRA. Is it still a 5-year payout? Or is it now 10? Thanks, appreciate your help. Janet...
Jan 29, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Part-time employees in companies with 401(k) plans won a big victory when the SECURE Act was signed into law on December 20, 2019. Before the SECURE Act, 401(k) plans could exclude employees if they did not work at least 1,000 hours of...
Jan 28, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
January 27, 2020 Chadd Mason, CEO The Cabana Group Markets React to the Coronavirus Fears Just as quickly as the drumbeats of war with Iran quieted, we became overwhelmed with news of a rapidly spreading potential pandemic coronavirus. The virus started in China and...
Jan 27, 2020 | Uncategorized
By Sarah Brenner, JD IRA Analyst The SECURE Act has upended the rules for inherited IRAs. One area the new law completely changes is the rules for successor beneficiaries. Here is what you need to know: Who are successor beneficiaries? The successor beneficiary is the...
Jan 23, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst Question: According to the IRS website: Beginning in 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own (Announcement 2014-15 and Announcement...
Jan 23, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Every day, 10,000 or so baby boomers are turning 65. Some of you have probably already retired. Many are likely counting the days until they can leave the full-time workforce. For many of you, Social Security will be a major part of your retirement income. With that...
Jan 22, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst As we gradually peel back the layers of this legislative onion called the SECURE Act, more and more discoveries come to light. One revelation is how qualified charitable distributions (QCDs) are potentially affected. Could a QCD...
Jan 22, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
January 21, 2020 Chadd Mason, CEO The Cabana Group The Temperature is “Just Right” In recognition of the Martin Luther King Jr. holiday, this commentary is as of Tuesday, Jan. 21. U.S. equity markets closed last week at new all-time highs. Foreign markets...
Jan 20, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst The new SECURE Act contains three provisions that are designed to promote annuities in company savings plans. The January 8, 2020 Slott Report described the first of these three changes – new protection for companies if the insurance...
Jan 17, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
WHEN YOU ARE READY TO retire, there are certain basic things you should do before you leave the comfort and security of your old job. You need to make final adjustments to your financial plan and make important decisions about Social Security and health insurance....
Jan 16, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: Hoping you might be able to offer some guidance. We have a client who has two IRA accounts. The client is 80 years of age. He wants to convert the full amount in one of his IRA accounts to a Roth. The IRS says that...
Jan 15, 2020 | IRA Blog
By Sarah Brenner, JD IRA Analyst On December 20, 2019 the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. This new law includes some big changes for your retirement account. Here are the top 10 things you need to know: No more...
Jan 14, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
January 13, 2020 Chadd Mason, CEO The Cabana Group News-Driven Market Predictions Can Be a Recipe for Disaster What a week! In just about seven days, we (the U.S.) and the world have stepped back from the brink of war with Iran, Iran has shot down a civilian aircraft...
Jan 13, 2020 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst The stretch IRA is on a stretcher and paramedics just loaded it into an ambulance. It is on life support. Prognosis: negative. For most new beneficiaries, the stretch will not survive. The SECURE Act is the perpetrator, and it...
Jan 9, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst Question: I turn 70 1/2 in 2020. Since I do not have to take a required minimum distribution (RMD), how much can I do in a qualified charitable distribution (QCD) this year? Ronnie Answer: Hi Ronnie, Even though you won’t have an RMD for...
Jan 9, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in the event you die too soon and an annuity in case you live too long. In other words, life insurance provides economic...
Jan 8, 2020 | IRA Blog
By Ian Berger, JD IRA Analyst There are three new provisions in the recently enacted SECURE Act designed to promote annuities in company savings plans. That explains why insurance companies lobbied so hard for passage of the legislation. The three provisions are: New...
Jan 7, 2020 | Weekly Market Commentarfy, Weekly Market Commentary
January 06, 2020 Chadd Mason, CEO The Cabana Group Trusting the Markets Among Rising Middle East Tension I hope everyone had a happy and heathy holiday! The older I get, the more I realize that we don’t get do overs in life. Let’s all strive to make 2020 the best year...
Jan 6, 2020 | IRA Blog
Sarah Brenner, JD IRA Analyst The SECURE Act is here! Most of new law’s provisions kicked in on January 1, 2020, overhauling many of the rules for retirement accounts that have been with us for decades. One significant change the SECURE Act brings us is the delay in...
Jan 3, 2020 | IRA Blog
Sarah Brenner IRA Analyst Question: With the SECURE Act, can a person who is older than 70 ½ fund a 2019 Traditional IRA? The SECURE Act goes live on 1/1/2020, and an IRA can be funded up to 4/15/2020 for the previous year. Any reason they cannot? Answer:...
Jan 2, 2020 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required...
Jan 1, 2020 | Market Review and Outlook
December 2019 Market Review -Darren Leavitt, CFA US equity markets continued their ascent in December in what was an impressive showing for the markets in 2019. Trade policy negotiation between the US and China continued throughout the month with an initial agreement...
Dec 30, 2019 | IRA Blog
Ian Berger, JD IRA Analyst The clock is winding down to the ball-dropping in Times Square that will usher in a new year – and a new decade. The Ed Slott and Company team wishes to thank you for supporting The Slott Report and responding to our articles with such...
Dec 26, 2019 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Question: Hi Ed, Hope all is well. I have a client that received the HEART benefit as her spouse passed away a few years ago. We immediately moved those dollars into a Roth for her. My question is, as we are doing some year-end...
Dec 26, 2019 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
Retirement isn’t what it used to be. Today, not only are people working, traveling and living dynamic lives well past the previous generation’s retirement age of 65, but saving for retirement requires a different mindset than your parents may have had. “In the past,...
Dec 24, 2019 | Weekly Market Commentarfy, Weekly Market Commentary
December 23rd, 2019 Chadd Mason, CEO The Cabana Group 2019: A Great Year for Investors of all Types On behalf of everyone at Cabana, I would like to thank our clients and investor partners for your continued belief in us. Without you we could not do any of the things...
Dec 23, 2019 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst As of the writing of this Slott Report submission, it is Monday, December 23, 2019. T-minus 8 days before the end of the year, which means IRA owners have a tight window to complete any year-end transactions. Once the calendar...
Dec 19, 2019 | Blog, Financial Services Newsletter, New Weekly Newsletter, Weekly Article, Weekly Newsletter
As 2019 comes to an end, it’s worth taking a moment to reflect back on what took place in the retirement landscape during the past 12 months and how it could affect those preparing for life after work. In recent years, the United States has witnessed a shift from...
Dec 19, 2019 | IRA Blog
By Ian Berger, JD IRA Analyst Question: My husband has taken two different qualified distributions from his Roth IRA within the last 60 days. We would like to “pay those back.” It looks like we can put money back into the Roth IRA as a rollover. My question...
Dec 18, 2019 | Weekly Market Commentarfy, Weekly Market Commentary
December 16th, 2019 Chadd Mason, CEO The Cabana Group Investors Welcome a U.S.-China Trade Deal With Open Arms Equity markets around the world continued to grind higher last week and moved up again today. The much-anticipated trade resolution with China came through...
