2021 Limits for IRAs, 401(k)s and More Numbers to know for the new year. Provided by Peck Financial Advisors On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s. The salary deferral amount for 401(k)s remains the same at $19,500, while the catch-up amount of $6,500 also remains unchanged. However, the overall limit for...
Valerie Peck |
Managing Money as a Couple What are the keys to prepare to grow wealthy together? Provided by Peck Financial Advisors When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well. The good news is that it is usually not so difficult. At some point, you will have to ask yourselves some money questions—questions that pertain not only to your shared finances...
Monthly Economic Update Presented by: Peck Financial Advisors, November 2020 U.S. Markets Inaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October. The Dow Jones Industrial Average, which has lagged much of the year, dropped 4.61 percent. The Standard & Poor’s 500 Index lost 2.77 percent and the Nasdaq Composite slipped 2.29 percent.1 All About Stimulus The perceived progress by lawmakers to pass...
Monthly Economic Update Presented by Peck Financial Advisors, October 2020 U.S. Markets Stocks dropped in September as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new coronavirus cases in Europe. The Dow Jones Industrial Average, which lagged this year slipped 2.28 percent. The Standard & Poor’s 500 Index lost 3.92 percent and the Nasdaq Composite declined 5.16 percent.1 Tech Stocks Under Pressure After a strong rally in August, investor sentiment...
How Elections Move Markets in 5 Charts. An American Funds article. How much do elections impact the stock market and portfolio returns? Should elections even matter to long-term investors in the first place? These are the questions investors and financial professionals are facing as we approach November 3rd. To provide answers, we’ve analyzed more than 85 years of data and identified five ways that elections influence markets and investor behavior. Click here to read more.
Monthly Economic Update, September 2020 Presented by: Peck Financial Advisors U.S. Markets Stock prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long succession of upbeat economic data. The Dow Jones Industrial Average rose 7.57 percent, the Standard & Poor’s 500 Index climbed 7.01 percent, and the Nasdaq Composite soared 9.59 percent.1 Solid Foundation The month’s foundation was set by a series of strong economic reports, including...
Monthly Economic Update, August 2020 Presented by Placeholder: Peck Financial Advisors U.S. Markets Stock prices rallied in July as further development of a COVID-19 vaccine and better-than-expected corporate financial reports encouraged investors. The S&P 500 gained 5.5 percent, while the Nasdaq Composite picked up 6.8 percent. The Dow Industrial Average, which has lagged much of the year, rose 2.4 percent.1 Confident Investors Stock prices started the month elevated, thanks to early results from a COVID-19...
Monthly Economic Update Presented by Peck Financial Advisors, July 2020 U.S. Markets Stock prices climbed higher in June, as investors looked beyond an increase in COVID-19 cases as well as reports that several states planned to slow the pace of their economic re-opening. The Dow Jones Industrial Average gained 1.69%, while the Standard & Poor’s 500 Index tacked on 1.84%. The Nasdaq Composite, already up 6.75% in May, rose another 5.99%.1 Momentum Lost Stocks opened...
Valerie Peck |
Who Is Your Trusted Contact? This vital investment account question should be answered sooner rather than later. Provided by Peck Financial Advisors Investment firms have a new client service requirement. They must now ask you if you would like to provide the name and information of a trusted contact.1 You do not have to supply this information, but it is encouraged. The request is made with your best interest in mind – and to lower...
Monthly Economic Update Presented by: Peck Financial Advisors June 2020 U.S. Markets Stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine. The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor’s 500 Index picked up 4.5%. The NASDAQ Composite led, gaining 6.7%.1 Shift in Focus April’s positive momentum continued into May, as stocks registered healthy gains, and investors looked to future...
Monthly Economic Update Presented by Peck Financial Advisors, May 2020 U.S. Markets Stocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19. The Dow Jones Industrial Average, which dropped 14% in March, jumped 11.08%. The Standard & Poor’s 500 Index rose 12.68%, and the NASDAQ Composite surged 15.45%.1 Slowdown in Infections Just as it appeared that April might be a repeat of...
Monthly Economic Update Presented by ​Peck Financial Advisors, April 2020 THE MONTH IN BRIEF The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law, bringing relief to millions of Americans, most of whom are expected to be quarantined for at least another month. The White House has asked Americans to continue “socially distancing” during the month of April. Volatility continued in International markets, even as the COVID-19 (novel coronavirus) reached the...