Kaizen Capsules

2019 RECAP

• Federal Reserve shifts into expansionary monetary policy
• U.S. stocks have a banner year with the S&P up 31.5%
• Modest improvement in the U.S-China trade dispute
• Economic data improving, reducing the probability of near-term recession

The I.R.S. increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes.

IN THIS MONTH’S RECAP

What changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? If notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and 2020 begins.

IN THIS MONTH’S RECAP:

If you own an Individual Retirement Account (IRA), perhaps you have heard about Roth conversions. Converting your traditional IRA to a Roth IRA can make a lot of sense depending on your situation.

Have a home-based business? Have a teen driver? Consider umbrella insurance.

If you arrange a mortgage, your lender will want you to have homeowners insurance. This coverage is critical for protecting your home and personal property against various potential liabilities.

Q3 QUARTER’S RECAP

• U.S. and China trade uncertainties remain but both sides indicate desire to negotiate
• The Federal Reserve cuts short-term interest rates a quarter percent
• Global equities experienced a fair amount volatility and ended the summer mixed