Between the SECURE Act and the CARES Act, the landscape has changed for RMDs this year. You don’t need to take one, for instance. And if you already have, you may be able to undo it.
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There’s a saying on Wall Street: Don’t confuse brains with a bull market.
After all, when most stocks are gaining day after day, it’s easy to look smart. Indeed, the market has been in bull mode for so much of the last decade-plus, it’s hard to remember what challenging investing looks like.
The S&P 500’s longest bull market in history began in March 2009 and ended abruptly in March 2020, clobbered by coronavirus fears. The bear market that followed cut fast and deep, but bottomed out in late March. About a month after its nadir, the market returned to bull-market territory and – so far at least – looks poised to keep chugging along.
Indeed, from March 23 to June 19, the S&P 500 rose a remarkable 40%.
So, justified or not, those of us who have stuck around in stocks are probably feeling pretty brainy these days. Still, there’s plenty more to know about bull markets.
Read on to learn 10 things you must know about bull markets.
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Stock market volatility like we’ve been seeing the past few months can bring out the worst in investors. Keep your head and avoid some potentially serious pitfalls with some lessons from behavioral psychology.
Does it feel like the coronavirus pandemic has pushed all your retirement plans by the wayside? If you recently lost your job or had a reduction in income, you’re probably not thinking about your long-term future and retirement plans right now. Instead, you’re focused on surviving from one day to the next.
But when you get back on your feet again, don’t panic or start thinking that all is lost when it comes to retirement planning. You can get things moving in the right direction again. While there are no easy answers or quick fixes in these uncertain times, here are 12 ways you can shore up your retirement plan and get it back on track.
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