Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from Wednesday, April 15, 2020, to Wednesday, July 15, 2020. No interest, penalties, or additions…
Putting current market volatility into historical perspective can help you stay the course during turbulent times. During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis…
We are facing multiple contagions at this point. Not only are we physically battling a virus that seems nearly impossible to stay ahead of, but we are battling the contagion of negativity and stress. And while we rampantly parse…
Advisor Insights Market News Weekly Market Commentary
Market Update: Impact of social distancing and sudden economic stops
Written by: Benjamin Bimson CIMA®, CMT® / CIO, BCJ Financial Group This crisis is affecting us all. The good news is that nobody is hiding from this one. New statistics are coming off the press at a nearly unprecedented…
In this month’s recap: The coronavirus becomes the leading news story in the financial markets, sending stock indices and Treasury yields lower; oil futures slide; consumer confidence, hiring, and manufacturing data offer bright spots. THE MONTH IN BRIEF In…
What you need to know. When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these withdrawals are called Required Minimum Distributions (RMDs).1 Generally, these…
See if you are prepared to begin your retirement by answering four key questions. How do you know you are psychologically ready to retire? As a start, ask yourself four questions. 1.) Is your work meaningful? If it is…
Why do so many people choose them over traditional IRAs? 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…
Written by: Benjamin Bimson CIMA®, CMT® / CIO, BCJ Financial Group Fear is a powerful motivator. And this week we all came face to face with a bear. I was reminded this week of a camping trip in Lake…
Written by: Benjamin Bimson CIMA®, CMT® / CIO, BCJ Financial Group Feelings about this topic can get extreme at times and there is no shortage of opinions out there. QQQ, the large ETF tracking the NASDAQ, has risen 65%…