May 2021
After a pause in tax penalties due to Covid last year, required minimum distributions for your retirement plans return in 2021, with lots of new complexities and rules. Our first article details these new twists. As always, give us a call if you would like to ask for our help in this area.
With lots of questions regarding records-retention, we offer our second article helping you determine what to keep or not to keep. Hopefully this will clarify retention recommendations for you.
This month's "What's Happening Now" section shares interesting stories on why 1 in 4 workers are considering quitting their current jobs after the pandemic, thoughts on the best Memorial Day getaways to take this year, and why Major League Baseball is now seeing record streaming viewership.
We'd like to hear from you. Please feel free to contact us by phone at 614-888-2121, toll-free 877-389-2121 or email chornyak@chornyak.com with any questions or comments. Or, follow this link to request a meeting with us to discuss your financial planning needs: https://www.chornyak.com/appointment-request
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Living in an increasingly paperless world has its benefits, but when it comes to records retention, does it make a difference? Sure, digital recordkeeping on the cloud means more storage space, easy access, and less vulnerability to inadvertent destruction. But the questions of what to keep and for how long feel just as confusing as ever.
What’s Happening Now
Markets Rally as Economic Recovery Accelerates
April was a strong month for U.S. equity markets, with the three major indices setting all-time highs. The Dow Jones Industrial Average gained 2.78 percent, and the S&P 500 saw a 5.34 percent increase. The Nasdaq Composite led the way with a strong 5.43 percent gain. Markets were supported by public health improvements and the most recent round of federal stimulus.
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