With the Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, tax rates are expected to increase as they revert to pre-2018 levels. This shift presents a critical planning window for Roth strategies, as individuals can take advantage of the current lower tax rates.
MCF Advisors is excited to announce that four outstanding team members have been named as the newest employee shareholders of MCF. This milestone highlights MCF’s commitment to fostering a culture of engaged team members, outstanding client experiences, and continued financial growth.
By now, most people are aware the Secure Act, passed in 2020, contained major changes to the rules surrounding distribution requirements from Inherited IRAs for accounts inherited in 2020 or after. Primarily, this law eliminated the Stretch IRA provision for non-spousal beneficiaries. For the last several years, however, the requirements have been vague and undefined by the IRS.
Presidential elections in the U.S. can elicit strong emotions and anxiety for investors and often bring significant attention to the stock market, as investors anticipate how political outcomes might influence economic policies. Historically, market behavior around election time follows certain trends, driven largely by uncertainty and speculation about future policy changes.
As we enter the “Dog Days” of summer, hot & humid, the financial markets seem to bring short term violent swings in the Aug – Sept period. As you know, it is very hard or almost impossible to be in the predicting short-term market ups and downs business. The historical returns of the US stock market by month over the past 100 years varied significantly due to a range of factors including economic conditions, geopolitical events, and market sentiment. However, historical data shows that on average, the stock market has exhibited certain seasonal patterns over the long term. MCF seeks to focus on the things that we can control and prepare for those that we cannot. Read our full Perspective Moment for more insight into the current trends.
As the population ages, the term “Elder” has become increasingly common in discussions. You may have heard it in phrases like “Eldercare,” “Elder Law,” or “Elder Finance.” This can be confusing, so we’d like to explain and simplify the concept of eldercare planning.