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The Securing a Strong Retirement Act of 2022 (aka SECURE Act 2.0) recently passed the House (by a 414-5 margin, so, believe it or not, on a bipartisan basis), and looks to have enough support to pass the Senate sometime this year. Introduced by Reps. Kevin Brady (R-Texas) and Richard Neal (D-Massachusetts), who led the original SECURE Act of 2019, the bill looks to encourage Americans to save for retirement. Below are the current highlights: The original SECURE Act raised the age at which you

We relayed a note in late February discussing the war in Ukraine, our thoughts, a few points on markets, and associated historical reactions to similar acts between nations. We will not touch on it again here but will repeat our sentiment. The loss of human life that has occurred and may continue in the coming months or even years is extremely tragic, and we feel for everyone who will be directly impacted. Discussing markets during a period of war is always secondary, but as stewards of capita

New York, April 12, 2022 – Wealthspire Advisors, an NFP company and independent investment adviser based in New York City, is pleased to announce the promotion of eight employees across the company to managing director. (Heather Flanagan also recently joined Wealthspire as managing director and head of Family Office Services.) Laura Barry, CFP®, CeFT® – Barry joined a predecessor company of the firm in 2004 as an experienced advisor and works out of the Milwaukee, WI office. She specializes in

Risk Tolerance Definition Risk tolerance is a measurement of the degree of variability in investment returns that an investor is willing to withstand. In other words, it measures an investor’s willingness or ability to handle investment losses and still achieve goals. { "@context": "https://schema.org", "@type": "DefinedTerm", "@id": "DefinedTerm", "name": "Risk Tolerance", "description": "Risk tolerance is a measurement of the degree of variability in investment returns that an inv

What Are Municipal Bonds? A municipal bond, sometimes called a muni bond, is a debt security issued by a state, county, city, or other political entity (such as a school district) to raise public funds for special projects. The income from municipal bonds is normally exempt from federal income taxes. It may also be exempt from state income taxes in the state in which the municipal bond is issued. { "@context": "https://schema.org", "@type": "DefinedTerm", "@id": "DefinedTerm", "name":

What Is Adjusted Gross Income? Adjusted gross income (AGI) is one figure used in the calculation of income tax liability. It is determined by subtracting allowable adjustments from gross income. { "@context": "https://schema.org", "@type": "DefinedTerm", "@id": "DefinedTerm", "name": "Adjusted Gross Income (AGI)", "description": "Adjusted gross income (AGI) is one figure used in the calculation of income tax liability. It is determined by subtracting allowable adjustments from gross

What Is an IPO? An Initial Public Offering (IPO) is a company’s first public offering of stock. In an IPO, investment banks buy a private company’s shares and then offer them to the public at a certain offering price. This allows the company to raise capital from public investors. As the stock is traded, the market price may fluctuate from the offering price. Keep in mind that the return and principal value of stock prices will fluctuate as market conditions change. When sold, shares may be wor

While following cybersecurity best practices is always important, there are often events that bring the importance of these measures back to the forefront, and the ongoing Russia-Ukraine conflict is no exception. In addition to committing devastating physical acts of war in neighboring geographies, the Russian government has also proven itself capable of malicious cyberactivity, which could potentially extend far beyond any nation’s borders. From attacks on energy to interruptions in supply cha

After years of positive market performance, newer investors are seeing for the first time that markets do not go up in a straight line. While we saw a correction in March of 2020 when the start of COVID spooked markets and investors, the recovery was swift. We are now seeing more volatility, so clients are asking, “What should I do?”  Stay the Course Creating and sticking to a financial plan – a road map of where you are and want to be financially – will keep you from making knee jerk move