How will the Russia/Ukraine war ultimately impact the markets? Strategist Liz Ann Sonders her team at Schwab offer analysis and advice on how investors can weather the turmoil. The price of gasoline isn’t really at a record high. That’s according to MarketWatch editor Rex Nutting, who shows how the cost of driving a mile has gone down. Many people who have inherited IRAs are in for a surprise. The IRS has changed the rules again, as Ashlea Ebeling writes for Forbes.
War: What Is It Good For? Absolutely Nothing — The world is in turmoil; with spiking energy and food prices the dominant non-human casualty. A distinct possibility is that the spike will lead to recessions in various countries. Liz Ann Sonders and her team at Schwab continue to believe the U.S. equity market, like international markets, will be at the mercy of Russia/Ukraine headlines, with volatility likely remaining high. This is a time for discipline; including diversification across and within asset classes and periodic rebalancing. Read more…
Opinion: The Price Of Gasoline Isn’t Really At A Record High. In Fact, The Inflation-Adjusted Cost Of Driving A Mile Was Higher For Most Of the Past Century — The retail price of gasoline in the United States has soared by 80 cents a gallon since the beginning of the year to an all-time record of $4.17 per gallon, we are told. This statistic is true, but trivial. A gallon of gas takes you a lot further, which is what you really should care about when you fill up your tank. Read more…
IRS Nixes 10-Year Stretch For Most Inherited IRAs — If you inherited a traditional IRA or 401(k) account in 2020 or later, watch out because the rules have changed—again. In a switcheroo, the Treasury Department has reinstated annual required minimum distributions for most folks who’ve recently inherited Individual Retirement Accounts, according to proposed regulations released late last month that interpret the 2019 retirement law known as the SECURE Act. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller