We’re closing in on the end of another incredible year for stocks. In fact, 2021 is the continuation of an incredible run for stocks, producing impressive returns since the market bottomed during the financial crisis in 2009. However, there are a few strong variables that are leading financial professionals toward projecting muted returns over the next decade.
Another calendar year is passing us by with lightning speed. As we flip the calendar towards 2022, there’s still time to make a few last-minute adjustments to improve your finances. Here are 9 impactful planning ideas to consider between now and the end of the year.
You’ve been paying into the system your whole life, with a portion of each hard-earned paycheck reduced for Social Security withholding. Of course, you haven’t had a choice.. You have at least an idea of how Social Security retirement benefit work, but you’ve also heard that the whole system could soon be bankrupt. We hope to answer some of your questions in this guide to the retirement portion of the Social Security system - how it works, when to consider claiming, and whether it will even be there for you.
Many companies are experiencing record profits combined with a tight labor market. Offering a company-sponsored retirement plan can reduce income taxes for owners while providing a valuable benefit to employees. A popular 401(k) option for small and mid-size businesses is a Safe Harbor plan. The deadline for adopting a new Safe Harbor 401(k) for calendar year 2021 is approaching on October 1st.
Anthony Kim was only 22 years old in 2007 when he made his presence known on the PGA tour. In 2008, he won two tournaments, $4.7 million, and propelled the US team to a Ryder Cup victory with his head-to-head win over Sergio Garcia. By 2012, nagging injuries would force him to retire from the game with a rumored $20 million payout from an insurance policy.
We’ve reached the mid-point of 2021 and summer brings long days and glorious evenings! I hope you are out and about enjoying all the beauty of the season. Here’s a brief summary of what you need to know from an economic and market perspective over the first half of the year.