As Seen in The Trussville Tribune:

https://www.trussvilletribune.com/2020/03/19/coronavirus-covid19-and-market-volatility/

Coronavirus (COVID19) and Market Volatility

As you’re aware, global markets are in a state of fluctuation.  Markets don’t like shocks, and we’ve had two of them in recent months.  China was late telling the world about Coronavirus.  As it was spreading, we didn’t know how virulent it might be, the incubation period, the fatality rate, or if conventional methods would be sufficient to treat disease. 

Create a Financial Plan

Starting the financial planning process early can be of tremendous benefit for managing debt, developing effective budgeting habits, and establishing goal-oriented investment plans.

Clearly, Coronavirus has been front and center in the media lately, and worries about the spread of the disease are having an impact on markets. Remember, markets are discounting mechanisms. Prior to Coronavirus, global markets had priced into themselves, assumptions about global economic growth.

Now, markets are re-pricing the risk that previous growth assumptions may be negatively impacted by the Coronavirus. Ok, that’s reasonable. Sometimes, markets can be over zealous in the re-pricing of risk. Sometimes, it can assume an extinction level event.

Keystone Financial Group, announces their newest team member, Brandon Guttery, as a financial advisor and representative of Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC.  As of January 31, 2020, Brandon Guttery represents Ameritas Investment Company, LLC, through Keystone Financial Group in Trussville, and Nowlin & Associates in Homewood.

Brandon is a graduate from The University of Alabama where he successfully completed a dual major curriculum in Finance and Economics, and earning a Bachelor of Science in Business and Commerce Administration.

Brandon is the son of David R.

This article briefly looks at the SECURE Act and what you should keep in mind as you plan for retirement.

https://www.youtube.com/watch?v=fPXXOkdNRJQ

Click the video for additional footage on the Secure Act and why it matters to you!

What Parts of the SECURE ACT Relate to Financial Planning?

The key provisions of the act that relate to personal financial planning are:

The maximum age for traditional IRA contributions was repealed.

End Of The Year Financial Planning Considerations

Let me preface my comments by saying that the following information is sourced from the 2019 Tax Code. Everyone reading this should consult a tax professional for individual guidance before following the ideas discussed in this article.

Required Minimum Distributions. As we close the year, there are many items about which people should be mindful, but if you’re over 70 ½, it is critical to insure that you’ve taken the required amount from your qualified accounts by the end of the year.