Are Bonds Back for 2024?
Following a rebound in bond returns in 2023, with yields on 10-year Treasurys briefly hitting the 5% mark, the focus now shifts to the Federal Reserve's potential for interest-rate cuts in 2024. The historical performance of intermediate bonds after rate-hike cycles suggests optimism for bonds as an attractive asset class. Over the next decade, Vanguard expects U.S. bonds treturn a nomin...
Tax-Loss Harvesting Tips for 2024
Stock markets broadly recovered in 2023 from a down year in 2022. The S&P 500, for example, gained 24.33% in 2023 after a 19.44% loss the year prior. But even in a strong market, tax-loss harvesting remains an important tactic for investors looking to offset gains and minimize tax liabilities while maintaining a growth-oriented investment approach. Clients can benefit from sound advi...
Unraveling the Controversy: DOL's Third Fiduciary Rule Proposal and Its Impact on the Retirement-Related Financial Assistance Industry
The Department of Labor (DOL) has once again sent ripples through the financial industry with its third fiduciary rule proposal. Aimed at regulating retirement-related financial assistance, this latest proposition has ignited a firestorm of controversy and debate among industry professionals. In this comprehensive exploration, we dissect the key elements of the proposal, examine the argu...
How Will Catch-Up Contributions Change in 2024?
The federal SECURE Act 2.0 law will affect how financial advisors counsel clients in 2024 and beyond regarding catch-up contributions, particularly for higher-earning retirement plan participants. Advisors can help clients understand these changes, including the two-year delay for a provision affecting individuals making more than $145,000. SECURE Act 2.0 is a wide-ranging federal law in...
