Stocks started the year strong with the S&P 500 gaining 10%, continuing the late 2023 rally. Tech stocks led, while value stocks, especially in the energy and financial sectors, also saw robust gains.
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First off, this update from the IRS only affects certain Inherited IRA and Inherited Roth IRAs - those where the original account owner (referred to as the decedent) passed away in 2020 or later. If you have that type of inherited account, keep reading!
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We don’t plan to have a medical emergency. Rather, something happens and we need to rush to the emergency room of a local hospital.
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At Eclectic Associates, we believe that getting a look at a client’s entire financial picture, not just their retirement and brokerage accounts, guides us in making sound and well-informed decisions for our clients. Not only is it important for us to have a holistic view of a client’s overall wealth, but there are many times when a client does not yet have a grasp of their own true net worth.
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Recent changes in the tax law have expanded on the rules for 529 accounts, making them an extremely useful tool for helping the next generation get ahead whether they end up going to college or not.
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Daniel (Dan) York is an Elder Law Attorney who practices in the Fullerton area. During a recent presentation, Dan mentioned his concentration on elder law and how it differs from general estate planning. We thought that was an intriguing and perhaps often misunderstood topic, so we asked Dan to discuss it further in the following interview.
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Election season is in full force here in the United States, but Tuesday, November 5th, 2024 still feels a long way away. Between election uncertainty and geopolitical events, we shouldn’t be surprised if stock market volatility rises. You may be wondering what to expect from the rest of this presidential election year.
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Despite numerous risks, the markets climbed “a wall of worry” and reversed much of the losses from 2022. Most of the gains were earned in the last nine weeks of the year.
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IRMAA or the Income Related Medicare Adjustment Amount is a Medicare surcharge or tax determined by your two-year prior MAGI (Modified Adjust Gross Income).
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