BEAR WITH US There's a bear (market) with us. On June 13, the S&P 500 Index dropped -21.8% from its peak on January 3, officially pushing us into bear market territory. Marked by a -20% drop from a recent market high, bear markets set many investors on edge as economists begin catastrophizing about looming recessions, their doom and gloom ...
Walsh & Associates Offering Free Financial Literacy Classes Apr 26, 28 & 29 at DeKalb Public Library
Our financial advisors have teamed up with the DeKalb Public Library to provide free in-person financial literacy courses April 26, 28 and 29 for Financial Literacy Month. These programs are a collaboration of DeKalb Public Library and other local partners to share information and resources on personal finance topics. ...
The IRS contribution limits for 2022 have ticked slightly upward from those of 2021; the maximum employee contribution to a workplace 401(k) or other qualified plan is $20,500 (plus a $6,500 catchup contribution if you are age 50 or older, for a total of $27,000). This limit is for employee elective deferrals and does not include any non-elect...
WHAT'S ALL THIS "TAPERING" TALK? "Tapering" has been in the news lately, but what exactly is it, and why is it newsworthy? A quick review of some of the coronavirus-related monetary policy events may help in understanding how we got here:January 2020: A novel coronavirus reaches the U.S.February 2020: February 28, stock markets report their largest...
We all know 2020 was an unprecedented year for job loss as businesses closed due to stay-at-home orders, loss of consumer spending or, at times, just out of an abundance of caution. From September 2019 to February 2020, the U.S. unemployment rate had been holding steady, hovering between 3.6 percent and 3.5 percent—its lowest since 1969.1 Then the ...
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law December 2019 to boost retirement planning. Some of its key provisions gave small businesses easier access to tax-advantaged retirement savings plans, allowed part-time workers to participate in these plans and pushed the required minimum distribution age fro...
Walsh & Associates CEO Joseph Walsh Jr. was named to the 2019 Financial Times 400 Top Financial Advisers. Members must have more than 10 years of experience, at least $300 million in assets under management (AUM) and rank highly in areas of AUM growth rate, compliance record, industry certifications and online accessibility. When Walsh entered ...
Walsh & Associates CEO Joseph Walsh Jr. was named among the 2020 Financial Times 400 Top Financial Advisers in the country. Members must have more than 10 years of experience, at least $300 million in assets under management (AUM) and rank highly in six areas including: AUM, asset growth, compliance record, years of experience, industry ce...