The May 2021 Market Thoughts Video is now available on our website. Listen in as Brad McMillan, Commonwealth’s CIO, recaps the market and economic news. April was a good month for the markets. The S&P 500 and Nasdaq gained more than 5 percent, while the Dow was up almost 3 percent. These returns were driven, in part, by the medical news, with new case counts, hospitalizations, and deaths all down. While the medical risks declined, reopening accelerated. Job growth rose, and weekly layoffs dropped. Consumer confidence and spending also improved.
When it comes to their retirement accounts, many investors often fail to think about required minimum distributions (RMDs). That oversight can lead to unnecessary tax burdens and other financial issues. In order to handle RMDs effectively, an understanding of the rules can be beneficial. Read more >>
Giving someone the ability to manage all your finances is a scary proposition. This person will have the ability to act for you in all matters, which also gives them the ability to access your financial resources for their benefit. How can you make certain they will perform correctly and act in your interest? Read more >>
Did you Know.....
The IRS YouTube channels are a great resource for short, informative videos covering various tax related topics, including tips to protect yourself from cybercrime.