For investors, Cares opens a window for Financial Planning opportunities not before seen in our lifetimes. Perhaps the item that will affect investors most is a one-year hiatus on Required Minimum Distributions.
As Americans, we are guaranteed certain freedoms by our Constitution including the incorporated Bill of Rights. Among those rights are life, liberty, and the pursuit of happiness. These encompass our right to patronize public establishments that we enjoy. Usurping those freedoms cannot be taken lightly, as once governments assume new and dangerous powers, if left unopposed, those governments will utilize their newfound powers again and again.
Everyone has some combination of family, friends, real estate, financial assets, and digital presence. We should all care what will happen to our “stuff” when we are gone, regardless of how long we live. In actuality, Estate Planning should begin when people are young.
The national inventory of homes for sale is currently tight. Price appreciation generally results from scarcity, so conditions are likely to change relatively soon. Current conditions are providing an opening for anyone thinking of selling and/or buying a new or used home at a reasonable price, and with excellent financing terms. It is a "Goldilocks" market for both buyers and sellers. Not too hot, and not too cold; it is "just right."
Are coronavirus cases increasing or decreasing worldwide? This chart answers that question.
First Trust has put together a great PDF showing how the S&P 500 has performed after every major epidemic since 1980.
When market conditions become unusually disrupted, it warrants a communication with our clients and friends. We sent this email on Monday, 2/24/20, before the market opened.
For anyone who is on the fence regarding crypto “investments,” we have a suggestion.
Our several European friends identify themselves as Portuguese, Spanish, German, Italian, Dutch, or whatever the specific country of their birth and residence. We identify ourselves as American citizens, residing in whatever state, regardless of birthplace. Never have I talked to anyone who claims to be a citizen of the European Union.