Are we facing a bear market? The market’s reaction to the coronavirus has investors wondering what’s around the corner. Liz Ann Sonders and her team at Schwab offer some answers to investor questions. Economists are voicing their expectations for the second half of 2020.  The depth of the market drop may matter less than the duration, according to Jeffrey Kleintop of Schwab. On the home front, parents are using HSAs to pass tax-free windfalls to their children. With the stretch IRA now limited in its span, Erik Eckard explains how this little-known provision can help your family.

Market Correction: What Does It Mean? — When a stock index falls by more than 10%, it is often said to have entered “correction” territory. That’s a fairly neutral term for what feels like a nerve-wracking drop to many investors. What does a correction mean? What’s likely to happen after a correction, and what can you do to help your portfolio weather the downturn? Here are answers to some commonly asked questions. Read more…

Q&A On COVID-19: The Economy, Markets And What Investors Should Do — Rather than trying to call the bottom, a more effective way to think about investing right now is to focus more on the duration rather than the decline. Markets may have further to fall, but they may not stay down for the rest of the year barring a severe pandemic. Jeffrey Kleintop of Schwab explains the thinking of economists on the impact of the virus. Read more…

With Stretch IRAs Dead, HSAs Can Be A Wealth Transfer Vehicle — With the advent of the SECURE act, all IRA beneficiaries except spouses must use up all the funds in their inherited IRAs within 10 years. But there’s still a way in the long term to pass along tax-free income to your family, through a little-known provision for HSA accounts. Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.