The news is filled with predictions of economic slowdown and a possible recession in 2019, or surely likely by 2020, but that’s just the media filling the 24/7 news cycle with material to influence readers and viewers to supply more eyeballs.
Recent data from around the world have increased domestic recessions fears. Tariffs and Italy were known risks but this week was complicated further by data that showed that both German and Japanese GDP contracted during the third quarter. Scary stuff…..
Despite the recent equity market sell off, the bond market is reminding investors that the economy is actually doing quite well.
Absent any last minute changes from Congress, Here are a few year-end financial and tax reminders.
A required minimum distribution (RMD) is the amount that traditional, SEP or SIMPLE IRA owners and qualified plan participants must begin withdrawing from their retirement accounts by April 1 following the year they reach age 70 1/2. For inherited IRA’s, RMD’s are to be taken by December 31 of the year after the year of the
It doesn’t take much to set off a stampede in the equity market and any excuse (or no excuse) will do. But is it justifiable?