Here’s What Investors Need to Know About the SECURE 2.0 Act

On December 29, 2022, President Biden signed into law a $1.7 trillion spending package. The package includes the SECURE 2.0 Act, a series of provisions that will affect the way many Americans plan and save for retirement.

SECURE 2.0 builds on the SECURE Act of 2019, which, among other measures, increased the age at which retirees must take required minimum withdrawals (RMDs) from 70½ to 72. Key provisions in the new package include additional increases to the RMD age, as well as less severe penalties for failing to take an RMD. In addition, savers over the age of 50 will be able to make larger catch-up contributions beginning in 2025.

Many of the SECURE 2.0 Act’s provisions take effect January 1, 2023. Still, others may take years to implement. Here’s what you need to know about SECURE 2.0 and how it may affect your retirement plan.

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7 End-of-Year Tax Planning Tips for 2022

  • Tillman Hartley

With the end of the year fast approaching, Tax Season may be the last thing on your mind. Yet in many ways, the final months of 2022 may be your last chance to reduce this year’s tax liability. To avoid overpaying Uncle Sam and preserve more of your hard-earned income, consider the following end-of-year tax planning tips for 2022.

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U.S. stocks had their worst September since 2002. Here’s what’s contributing to recent stock market volatility and what it may mean for long-term investors.

As we enter the final quarter of 2022, it appears investors are increasingly losing confidence in the Fed’s ability to rein in inflation without sending the economy into recession.

Indeed, after a strong July, U.S. stocks once again ended the quarter in bear market territory.

The Dow Jones Industrial Average finished the third quarter below 29,000 for the first time since November 2020, losing 8.8% in September alone. Meanwhile, the S&P 500 and Nasdaq Composite shed 9.3% and 10.5% last month, respectively.

It’s not unusual for stocks to experience a rough September, leaving some investors to wonder if seasonality may be partially to blame. At the same time, a strengthening U.S. dollar and climbing short-term Treasury yields remain problematic for stocks.

As investors brace for a potentially bumpy year-end, it may be helpful to understand why markets are behaving erratically and what this may mean for long-term investors.

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