by Robert Loporto | Nov 26, 2024 | Uncategorized
Market Update—Week of November 25, 2024Presented by Axial Financial Group Housing data was mixed; home builder confidence and existing home sales fared better than expected but new home starts disappointed. A strong dollar increased market breadth beyond the...
by Robert Loporto | Nov 20, 2024 | Uncategorized
By Adam Levy – Nov 3, 2024 at 5:07AM Key Points Roth 401(k) owners can now completely avoid RMDs while maintaining their accounts. Inherited IRA owners may be able to forego an RMD this year, but they might want to take it anyway. You can avoid taxes altogether with...
by Robert Loporto | Nov 19, 2024 | Uncategorized
Market Update—Week of November 18, 2024Presented by Axial Financial Group (Intro: 50 words) Consumer and producer inflation picked up in October. A reversal of the election rally and sector rotation related to the new administration were two major themes for equities....
by Robert Loporto | Nov 15, 2024 | Uncategorized
Market Update—Week of November 11, 2024Presented by Axial Financial Group Service sector confidence reached a two-year high in October. Small-caps led the way in a post-election, risk-on rally. It will be another busy week; we expect data on the economy, inflation,...
by Robert Loporto | Nov 7, 2024 | Uncategorized
Market Update—Week of November 6, 2023Presented by Axial Financial Group Quick Hits Report releases: The Federal Open Market Committee (FOMC) kept the federal funds rate at 5.5 percent.2. Financial market data: Long-duration equities and stocks rallied heavily.3....
by Robert Loporto | Nov 6, 2024 | Uncategorized
IR-2024-285, Nov. 1, 2024 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical...
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