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The rationale for investment manager changes

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The rationale for investment manager changes

By in General Education
4 years ago
4 years ago 0 902

Sometimes, WealthStep needs to change the investments (i.e. mutual funds) held within 401k plan portfolios, or WealthStep Direct (for individual investors outside of retirement plans) portfolios. Rebalancing and tax loss harvesting for taxable portfolios are ways to keep portfolios’ allocation in check and lower tax bills, but what happens when a specific investment manager of a mutual fund or other vehicles needs a change? How does WealthStep decide when to…

Drawing from experience to navigate uncertainty

By in General Education
4 years ago
4 years ago 0 866

These past several weeks are a good reminder of the value of humility in facing something not seen before. There potential economic implications of COVID-19 are significant, and there are learnings from past crises, even if they were different. Back to basics It is very difficult, but especially important, to rely on fundamentals at times like this. The disruption that COVID-19 brought forces all people to get back to basics…

The CARES Act: help for individuals and small businesses

By in Financial Tips, General Education, News
4 years ago
4 years ago 0 938

  As we adjust to the effects of COVID-19 in our lives, stimulus package passed by Congress on March 27th may help individuals and small businesses. The Coronavirus Aid, Relief and Economic Security (CARES) Act, as well as previously announced tax filing relief, should help with business and personal cash flows and provide economic stimulus. In addition, prior action by the Federal Reserve to reduce interest rates and provide liquidity…

In or starting a small business? Explore the Paycheck Protection Program starting 4/3/20, and other programs

By in Financial Tips, General Education, News
4 years ago
4 years ago 0 749

To help businesses survive the coronavirus economy, the government is providing support. If are in or run a small business adversely affected by the coronavirus directly or indirectly, explore the recent CARES Act Paycheck Protection Program (PPP) forgivable loan, Disaster Loan (& grant) Assistance, or Employee Retention Credit program. The PPP started 4/3/20 for small businesses, and 4/10/20 for sole proprietorships and independent contractors. These programs expects high application volume,…

6 work from home tips we’ve learned so far

By in Financial Tips, General Education, Investor Behavior
4 years ago
4 years ago 0 860

With the shelter in place in effect in Northern California since last Tuesday, and more places to come soon, many of having had to shift from going to the office to working from home. WealthStep is well set up to operate as a virtual office, and should not experience any interruptions. Here are a few remote tips we hope will help you. Make your life easier Upgrade your Internet service: Now…

Longevity’s ripple effect: Why Gen X cannot count on inheritances for their retirement

By in Financial Tips, General Education, Investor Behavior
4 years ago
4 years ago 0 785

As if Gen X (now age 40 – 55) didn’t have enough to think about in midlife, they also need to be careful about including any expected inheritance in their retirement planning.  While there is much talk about a great transfer of wealth in America in the coming 25 years, with estimates anywhere from $30 – $65 Trillion, this estimate and its timing is by no means a sure thing….

Q4-2019 Quarterly Context Webinar

By in General Education, Investor Behavior, Quarterly Thoughts
4 years ago
4 years ago 0 1031

  What should you be training your brain to do now, given the longest bull-market ever? What are people doing with their better physical state later in life? Where are we in the business cycle now? What is the “Fed pivot” and how are market returns projections changing for the next 10 years? What does “growth recession” mean and is that the new normal? Where does the 2019 market return…

The SECURE Act: What individuals and business owners need to know

By in Financial Tips, General Education
5 years ago
5 years ago 0 788

Business owners, especially smaller employers, now have more incentives and options to offer retirement savings plan.  Individuals have additional opportunities to grow their retirement savings.  Signed in to law by the President on December 20, 2019, The SECURE Act (‘Setting Every Community Up for Retirement Enhancement”) brings the most significant pension reform in more than a decade.  The goal of the legislation is to promote retirement savings and affects both individual investors…