Welcome to 2023. But before we get too far into the new calendar year, let's take a few minutes to consider market volatility in 2022 — and what it means for you. Our article provides an overview of investment market performance focusing on how the market declines we saw last year affected long-term investors. The JRB believes that knowledge and planning offer the best antidotes to market uncertainty — and we encourage all participants to sign up for our complimentary consultation to review your financial plan.

This issue of the Financial Pulse also informs you about changes to the JRB Board of Trustees. We welcome a new Executive Committee as well as Rabbi Melinda Zalma and Mr. Robert Greenwald to the Board. We also bid farewell to two long-time Board members — Mrs. Phyllis Hofman Waldmann and Scott H. Kaplan, Esq. Thank you for your dedicated service.

Finally, you have probably heard that, embedded in the spending bill Congress passed at the end of 2022, were retirement plan changes often referred to as SECURE 2.0. This new law will make significant changes to how retirement plans operate, including the JRB 403(b) Plan. One of the most significant changes is that Required Minimum Distributions (RMD) now begin at age 73. We will address other components of SECURE 2.0 in a future article.

If you have questions about your RMD or long-term financial plan, please contact us via email or call us at 888-JRB-FREE (572-3733).

L'Shalom,