INSIGHTS

Can the winner of the Super Bowl predict the direction of the Stock Market? It might sound crazy, but it has accurately predicted the direction of the Stock Market 40 of the last 54 years. Join us as we put the famed indictor to the test.

The incredible rise and fall of GameStop is a remarkable story. (If you don't think so, imagine hopping in a time machine and trying to explain this to someone even 20 years ago.) However, many investors have real concerns that this is just another example of the Stock Market being crazy and not working property.

Have you ever heard of the platonic dish? It's the idea that there is only one perfect way to make a meal. That idea has faded in the food industry -- it's the reason we have a seemingly infinite variety of options at the grocery store and the "have it your way" mentality of many restaurants -- but it has been slow to catch on in personal finance.

The President signed the Consolidated Appropriations Act (CAA) into law on Dec. 27, 2020. One important element of this legislation is that it allows employers that took out a Paycheck Protection Program (PPP) loan to also claim the Employee Retention Credit (ERC). In addition, the type of expenses that qualify for taxpayer forgiveness has been expanded.

Roth conversions can offer significant long-term tax benefits. Join Sarah & Dave as they explore the basics of how this planning strategy works, the potential benefits, and the important tradeoffs to consider when deciding if this strategy is right for you.

As you take time today to give thanks for all that you have, we wanted to share a special video that asks the question: “what is enough?” DHG Wealth Advisors is joined by author Morgan Housel to discuss how our expectations influence our sense of well-being, how to get the goal post to stop moving and why even some billionaires don’t feel rich.

If you typically have a required minimum distribution, that could be because you were over the age of 70 ½ in 2019 and own an IRA or retirement plan, or you inherited a retirement account in 2019 or earlier, in either case, the CAREs Act provides the opportunity to skip that distribution for 2020.

Continuing with our deeper dive on planning strategies for year-end 2020, today we'll discuss the ability for “qualified individuals” to return a distribution from their IRA or retirement plan.

As part of the CARES Act, which was passed by congress in late March, “qualified individuals” may withdraw up to $100,000 from retirement accounts without the normal 10% early withdrawal penalty. The window to take a distribution and avoid the penalty ends December 31st, 2020.

As 2020 draws to a close, now is a time for reflection, gratitude, and planning. As we get ready for 2021, Dave Koppenheffer shares his Top 10 year-end planning strategies including an important reminder to make sure you have completed our Letter from the Heart.