Is the current level of investor optimism justified? The stats on “financial pain” have decreased for three quarters this year, but the accountants’ group AICPA is advising caution. Michael Fischer of ThinkAdvisor looks into the market forces behind their reasoning. Market volatility can make investors think the sky is falling. That’s according to David Booth of Dimensional Fund Advisors, who explains how you can protect your portfolio from market swings. If you’re 70½ or older, a deadline is approaching. Lori Konish offers the details on how those with retirement accounts can take the required minimum distributions by December 31st.
Execs Worry About A Downturn, But Investors Remain Optimistic: AICPA — The average American should be feeling a strong sense of financial well-being, according to the American Institute of CPAs. But although Americans are experiencing near record-high levels of financial satisfaction, CPA executives have become somewhat more worried about the potential for an economic downturn in the year ahead. Read more…
David Booth On Market Volatility — When people act like the sky is falling, it’s helpful to remember that volatility is normal, and there are simple things you can do to pursue a better investment experience. Read more…
How Retirees Can Make Required Minimum Distributions Pain Free — If you’re 70½ or older, or inherited a retirement account, you need to take your required minimum distribution by Dec. 31. Now is the time to get organized and start thinking about that distribution. If you miss the Dec. 31 deadline, you will face a tax penalty. Here are the steps to take. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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