The election is only 11 days away. Many investors understand that potentially we could see a fundamental shift in direction regarding our economy, points of regulatory emphasis, and tax policy. The next president is also likely to decide who the next Fed Chairman will be when Chair Powell’s term ends in February 2022. Even the shape and functioning of some of our most significant institutions may change. All of this could have investment implications. Outside of a contested election, we may have more clarity on some of these questions in a few weeks. There is substantial uncertainty surrounding the election, but regardless of the election results there are important cyclical and secular factors that investors need to consider. We are confident that the economy is on the path toward a cyclical recovery after an incredibly short and very severe recession.
Investment Outlook: A Peapack Private Wealth Management Publication | Third Quarter 2020: What, Me Worry?
his gap-tooth grin and protruding ears, Neuman presents an air of insouciance to match his slogan.
will the irs know if i'm truthful about early 401(k) withdrawls?
The rules you’re referring to provide for an exception to the 10% penalty for early withdrawals from a qualified retirement plan due to coronavirus-related distributions up to $100,000. It’s part of the CARES Act. First, let’s address “none of them are affected by COVID-19.”
“I want to make sure that you understand what the rules say about being `affected' by the virus,” said Laurie Wolfe, a certified financial planner and certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.
if you're saving for retirement and are in your 50's, it may be time to reassess your plan
Once you hit your 50s, retirement is no longer something happening far off in the future. Whether you have been a super-saver your entire career or are just starting to think about retirement, it’s time to take a serious look at what you expect your golden years to look like.
For those in their 50s, “it is the most important time to really figure out where they are, reassess their goals long term and really focus on planning,” said certified financial planner Diahann Lassus, co-founder, president and chief investment officer of wealth-management firm Lassus Wherley, a subsidiary of Peapack-Gladstone Bank.