Posts by dkelley

SECURE Act 2.0 Get the Jump on this Legislation

SECURE Act 2.0 Get the Jump on this Legislation As part of our financial wellness focus for a business, we hope to keep you on the forefront of legislation that can impact the financial wellness of your business and your employees. Even in an era of extreme polarization, both sides of the political aisle can still come to a consensus on issues like retirement legislation. In 2019, a divided government easily passed the Setting Every Community Up for Retirement (SECURE) Act. And regardless of the balance of power going forward, another retirement law, dubbed the SECURE Act 2.0, is currently...

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What is the Planning Gap

What is the Planning Gap? You may recall back in 2008 ING ran a series of commercials showing people carrying around a big orange number that was supposed to indicate the “number” they need to have saved in order to be able to retire comfortably. Today’s world is a little more complex than just working toward achieving a dollar amount that will carry you through retirement. Traditionally there were three components of retirement income that most people relied upon. The first component, an employer defined pension, has all but disappeared for most private sector employees. The next component...

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Don’t Stop Believin’

Don’t Stop Believin’ The year 2019 seamlessly gave way to 2020. Many individuals around the world traveled extensively, enjoyed time with family, and grumbled about their daily commute to and from their 9-5 jobs. What happened in March significantly impacted everyone across the globe. COVID-19 traveled across the world, and life as we knew it changed in an instant. Work and schools went fully remote, commutes were now from the bedroom to your new living room office, zoom/teams arose (who had heard of zoom before 2020…be honest), jobs were lost for millions of Americans, restaurants closed,...

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Q1 2021 Global Asset Allocation Views

Q1 2021 Global Asset Allocation Views Review The global economy showed resilience throughout the COVID-19 crisis of 2020, supported by a policy fueled recovery The roll-out of effective vaccines provides a light at the end of the tunnel Large household savings provides pent-up demand once all lockdown restrictions have ended Five phases of 2020 Early Optimism: Jan to Mid Feb – The biggest risk entering 2020 was the continued trade war between the U.S. and China.  A phase one deal was agreed, and markets were poised to repeat a strong 2019. COVID-19 Sell off: Mid Feb to April – By...

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Post-Election Outlook

Post-Election Outlook Results Barring some unforeseen event, it appears that Joe Biden will become the 46th President of the United States. The Senate is currently 50-48 with Republicans in the lead. There are two races still to be determined in Georgia with a special runoff scheduled for January 5th.  Republicans are currently favored to win those seats.  Were the Democrats to win those seats, Vice President Harris would be the deciding vote along party lines. The House of Representatives is staying Democratic, though with a slimmer majority. Republicans as of this writing have been able to...

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