Timely Topics
2023 Retirement Contribution Updates
Every so often the IRS updates the amount you are eligible to contribute into your retirement plans such as your 401(k) through your employer or your IRA & Roth IRAs. If you’re already retired this video does not apply to you. See highlights of the changes discussed in this video & highlighted below.
Where The Market Goes After It Hits The Bottom
This episode of Matt’s Minutes follows up on last week’s video, ‘What if I suggested we get out of the market?’ Today, we explore where the market goes after hitting the bottom. We’ll take a look at a visual showing market returns a year after a major decline. As always, patient investors are rewarded for staying in the market in the long run.
What If I suggested We Get Out of The Market?
In this episode of Matt’s Minutes, I’m proposing a hypothetical question to you all. What if I suggested we get out of the market? Selling out of the market may give investors some short-term relief but long-term reflection could be filled with regret. Watch the video above to hear my rationale on why this is an important scenario to walk through during market downturns.
Unscientific Science
In this week’s Matt’s Minutes, we discuss a common pattern that has emerged over the years regarding the bottom of the market. Matt talks about the “unscientific science” behind client calls and market timing that may surprise most. Essentially in our experience, the most concerned calls and emails from clients have historically peaked at a time when the market is bottoming out. This isn’t a prediction of what we think is about to happen but calls and emails recently have hit an all-time high and it will be interesting to see where the market goes from here.