2024 Market Snapshot: Key Highlights and Takeaways
2024 Market Snapshot: Key Highlights and Takeaways US Markets The U.S. stock market in 2024 has been marked by fluctuations amid ongoing adjustments to monetary policy and economic indicators. The year began with solid gains across major indices, supported by optimism around Federal Reserve rate cuts. In the first quarter, stocks rallied as investors anticipated […]
It’s (Almost) A Wrap!- 2023 A Look Back
It’s (Almost) A Wrap!- 2023 A Look Back After a very difficult year for markets in 2022, this year has seen a welcome snap back in the stock market, and even bonds are getting in on the positive returns. As the Fed seems to be signaling an end to interest rate hikes, the outlook for […]
A Look Back at Market Behavior in 2022
A Look Back at Market Behavior in 2022 2022 was an interesting year when looking at overall market performance and portfolio construction. Let’s take a look at what the root causes were and what we can see for 2023. Though we are aware of equity drawdowns and have experienced them before, the combination of equity […]
2022 Year in Review and Financial Updates for 2023
2022 Year in Review and Financial Updates for 2023 When 2021 wrapped up, the U.S. economy had grown at its fastest rate since Ronald Reagan was President (1). Entering 2022, we were expecting higher volatility to be driven mainly by the Federal Reserve. Unfortunately, as we progressed through 2022, the story we expected had been […]
Technology is the New Way of Learning
Technology is the New Way of Learning For the month of September, Insight Wealth Strategies chose to partner with Madison Park Academy located in Oakland, California. Due to the current COVID-19 pandemic, many students in low-income communities have struggled to continue their education online due to lack of access to technology resources. “Among children ages 3-18, […]
Utilizing the Power of Compound Interest
Utilizing the Power of Compound Interest For investors, there is unfortunately no magic wand or crystal ball that will lead to riches. But saving and investing wisely can open individuals up to something almost as powerful. It is called compound interest, and it is one of the surest ways to build wealth. All it takes […]
5 Financial Tips to Remember During COVID-19
5 Financial Tips to Remember During COVID-19 Don’t let the pandemic distract you from your goals It is very easy to put your goals on hold during a time of extreme uncertainty. However, this is an excellent time to reflect on and possibly even realign your financial goals. If you lost your job or fell into an […]
A Look at Segment Rates and their Impact on Choosing a Lump Sum Pension
Individuals nearing retirement who have pensions often have the option of taking that pension in the form of a monthly annuity payment for life or as a lump sum payment taken at retirement. There are a lot of factors that go into deciding between the annuity and lump sum options, and there are benefits and drawbacks to both.
Tax Filing Deadline is July 15, 2020
For American taxpayers who haven’t yet filed, the 2020 filing deadline for the 2019 tax year is almost here. Due to the COVID-19 coronavirus pandemic, the Department of the Treasury and the Internal Revenue Service (IRS) extended the filing deadline for tax returns from April 15 to July 15, 2020.
Retirement Plan Distributions Under the CARES Act
Under normal circumstances, withdrawals from retirement plans and IRAs taken by an individual prior to age 59½ are subject to an additional 10 percent tax or penalty. With the passage of the CARES Act in March, that penalty has been waived for withdrawals taken between January 1, 2020 and December 31, 2020.
