Navigating New Tax Planning Opportunities with the SECURE Act of 2019
As the new year unfolds, we find ourselves with numerous wealth planning opportunities based on tax law updates within the recently passed “Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019”. The SECURE Act is seen as the first major retirement savings law in many years. This is an important time to review retirement accounts and estate planning options.
Investment Key Takeaways—Year-End 2019
In 2019, almost all major financial asset classes were positive, a shift from 2018 where just about every asset class faltered. And atypically, both stocks and bonds appreciated strongly with the key driver being the Federal Reserve’s policy U-turn toward accommodative monetary policy.
Commentary from Our CIO—2019 Review & Outlook
While there are a number of reasons to be cautiously optimistic for the financial markets in 2020, we are also weighing a number of short-term risks, including high stock valuations. In the face of the current level of uncertainty, it’s helpful for investors to maintain a balanced mindset and to know that our portfolios are prepared for a variety of market environments as we anticipate what may be in store for the coming year.