FinSyn Insights

Weekly insights on the markets, economy, and financial planning

2020 has been quite the rollercoaster ride, to say the least. I am always looking for the silver lining during periods of turmoil. One of the most considerable benefits to come from all this pandemic madness relates to federal student loans.
Mortgage refinancing is a topic that is coming up in almost every client meeting these days. Mortgage rates are dramatically lower than they were even 6 months ago. Not to mention mid to late 2018, when rates were at 4.5%-5.0% for well-qualified buyers (unfortunately, this was right when my wife and I bought our first home).
Earlier this summer, the IRS made the announcement that they are waiving Required Minimum Distributions (RMDs) for retirement accounts in 2020. IRS Notice 2020-51 outlines the relief granted to retirement account owners, as part of an extension to the CARES Act.
With all of the market-moving events of the past few years - from the global pandemic to trade wars and more - it's understandable that some investors may prefer the safety of cash. After all, a great deal of investing is behavioral and requires being comfortable with a certain level of risk. Portfolios returns are important but so is being able to sleep well at night.
Have you ever noticed how negativity sounds sophisticated? This is especially true when talking about investing and the financial markets. Think about it - it's true. Many investors simply tune out the person always saying, "the market will recover" or "staying invested is the best course." The optimist investor risks being called a Pollyanna or unsophisticated.
The outbreak of COVID-19 has created uncertainty across the nation and world over the last several months. The global health concerns surrounding the novel coronavirus have prompted Medicare recipients to wonder how it will impact their coverage.
Amidst all the negative news (coronavirus pandemic, market downturn, economic collapse, jobless claims, etc.), there are reasons to be positive. April has been a fantastic month for the stock market - historic really. Yes, we are still well off of our previous highs, but at least we've made progress.
Last month, we discussed the passing of the Setting Every Community Up for Retirement Enhancement, or SECURE Act. In the article, we reviewed many of the changes this legislation made to the retirement planning landscape.
Congress recently passed the Setting Every Community Up for Retirement Enhancement, or SECURE Act. The bill marks some of the most significant changes to retirement policy in more than a decade.
Albert Einstein called compound interest “the eighth wonder of the world.” He went on to say, “He who understands it, earns it; he who doesn’t, pays it.”

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