Amidst all the political hysteria, gamesmanship, claims of chaos, in-fighting, and media counter-punching, Mr. Trump would be wise take to heart James Carville's 1992 winning campaign slogan for Bill Clinton's presidential run to defeat President George H. W. Bush - "it's the economy, stupid." Rather than insult, the phrase is intended to be an admonition not to underestimate the importance of the economy in every policy and political decision a president makes.
Following the financial crisis of 2007-2008, in 2010, PIMCO CEO Mohamed A. El-Erian delivered a lecture entitled "Navigating the New Normal in Industrial Countries." The thrust of his talk was to warn investors, economists, and policy makers not to expect, as many did, economic growth to return to pre-crisis levels. The extent of damage done to the economy through an increasing drag of reactionary regulations and skyrocketing government debt, not to mention distrust of the system would take years, or decades to reverse.
This year's presidential race has destroyed any remaining remnants of normalcy in our country's quadrennial 'peaceful' transition of power. The breadth of its chaos has shattered precedents in civility, legality, political polling, expectations, and reporting. Both candidates have survived what almost certainly would have led...
Today's Brief focuses on some powerful financial and budget planning options available to IRA owners. It was inspired, in part, by a recent blog on Health Savings Accounts by our friend Ryan Smith of Stonegate Financial.
IRAs are a powerful tax-deferred saving vehicle owned by many as the result of rollovers from other retirement plans such as 401(k)s, 403(b)s and other pension plans, or they were started outright to begin retirement savings in earnest. While IRAs have been around for decades, their features and options change often with new budgets and IRS rulings.