The last few months have woken up a lot of investors. Suddenly, the markets seem to be in free fall one day and rocketing upwards the next. After nine--almost sleepy--years it appears that market volatility is back. And now that everyone is opening up their 2018 year-end statements, the picture is not pretty.
Retirement can sneak up on you.
Generational Group is pleased to announce that one of its companies, Generational Capital LLC, has acquired a majority stake in Talis Advisors. The acquisition closed Oct. 1, 2018, and terms of the transaction were not disclosed.
Your federal government went deeper into the hole in July 2018 according to the Treasury Department’s budget release. Spending outpaced revenues by $76.9 billion, increasing the monthly shortfall by $2.0 billion compared to June. Year-to-date, the fiscal deficit is $684.0 billion, 20.8 percent deeper than a year ago.
A bill now in Congress proposes to alter some longstanding rules.
Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers are also addressing this problem, with a bill proposing big changes to IRAs and workplace retirement plans.
The Retirement Enhancement and Savings Act (RESA), introduced by Senator Orrin Hatch, would amend the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) in some significant ways.1