As I was doing my research for this week’s email, I came across the attached article, “Congress is Coming for Your IRA”. As I started to read, the sub headline really got my attention. When the word “Congress” and the word “Secure” are used in the same breath, it gets my attention. Secure stands for Setting Every Community Up for Retirement Enhancement Act. Hence, SECURE. Sounds good but, in essence, this act of congress would upend 20 years of retirement planning and stick it to, you guessed it, the middle class.
If congress can do this, what else are they capable of doing? I have been saying for a very long time, rules based financial planning works well if you follow the rules. There are a multitude of ways to build a sound retirement plan. While retirement accounts are part of planning, we should never overcommit to any one single area, retirement accounts included. Space does not permit me to expound any further on this topic. However, should you want more information, please give me call or just send an email me. Teaching clients how to Protect, Build and Enjoy their Wealth is something I’ve very passionate about. I have a great whiteboard video you may want to take a look at. (https://theliberatedinvestor.
US equity markets closed out the week with solid gains. reaching new highs for all three of the indexes. The economic numbers continue to remain strong, employment is strong, and, as earning season for 2ndQtr2019 is upon us, we will see if the fundamentals remain strong. “Up and up she goes, where she stops, nobody knows”. That quote comes from the croupier running a roulette table in Las Vegas. The croupier used “Round & Round” instead of up & up. but we all wonder when this might stop and start heading south. In the meantime, we stay the course.
Hope you have a great week!