The recent emergence of the coronavirus and its spread around the world has caused an unprecedented health crisis that is affecting the economic outlook and has engendered significant stock market volatility. After years of market growth and relatively low volatility, investors are confronted with a rapidly evolving situation that feels unsettling. Please join Sax Wealth […]
With much of the country in self-isolation, perhaps you have time to read the entire H.R. 748 Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. If you’d prefer, here is a summary of many of the key provisions we expect to be discussing with you in person (virtually), depending on which ones apply […]
You know times are strange when you’re hearing from everyone – from the government to your local grocer – on what to do about the coronavirus. Unless we can source some toilet paper for you (here’s some fascinating commentary on what’s up with that!), what else is there to say? Believe it or not, we […]
So, remember all those times we’ve said that investment risks and expected rewards are related? Coronavirus-fueled fears, driving economic insecurities, aggravating a host of simmering global sore spots, spiraling into stomach-wrenching market sell-offs … Be it confirmed. Today’s unfolding news is the realization of those risks we’ve been talking about all along. In case you’ve […]
Not long ago, some investors had yet to experience what it was like to weather turbulent markets. Even those who had, might have forgotten how scary it can be. This concerned us. So, to help people practice for scary days ahead, we published a fire-drill piece: “10 Things To Do Right Now While Markets Are […]
The term “novel coronavirus” is so new, some people have apparently wondered whether it is related to Corona beer. (It is not; it’s named after its crown-shaped particles.) And yet, how quickly it has grabbed global headlines. As the viral news has spread, so too has financial uncertainty. What’s going to happen next? Will it […]
What a year it’s been. Remember December 2018? As The New York Times reported at the time, “Stocks plunged in December [2018], posting their worst monthly loss since the financial crisis and the worst December since 1931 and the Great Depression.” It’s amazing how quickly memories fade and markets move on. Around this time last […]
On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement (SECURE) Act that will bring many important changes to the current retirement system. In addition, a second bill, the Taxpayer Certainty and Disaster Relief Act of 2019, has significant implications for certain retirement savers. Here is a summary […]
Due to the upcoming holidays, Sax Wealth Advisors will close at 3:00 PM on Tuesday, December 24 (Christmas Eve) and Tuesday, December 31 (New Year’s Eve). Our offices will be closed on Wednesday, December 25 (Christmas Day) and Wednesday, January 1, 2020 (New Year’s Day). We would like to take this opportunity to wish you […]
