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STREETSBORO, OH / ACCESSWIRE / December 21, 2021 / As 2022 approaches, it's time to plan your New Year's resolutions. What are most Americans focusing on? According to a Fidelity Investments 2022 New Year's
What Could 2021 Hold for Your Finances? Kiplinger 1/22/2021 © Provided by Kiplinger Last year put a lot of our financial strategies to the test. Volatility that plagued the markets for the past few years was exacerbated by the COVID-19 pandemic, which is still raging nearly 12 months later. Many people watched as their investments and retirement savings wildly fluctuated, while others dealt with more pressing issues, such as unexpected unemployment and tapping into emergency funds just to get by. I think it’s safe to say that many of us are ready to leave 2020 – and the financial, men...
Resize icon COVID-19 put massive financial strain on many Americans, nearly overnight. According to data from GOBankingRates, 45% of Americans have nothing saved and 69% have less than $1,000. This left many with very few accessible credit options, which resulted in quickly depleting retirement savings accounts. COVID-19’s impact on retirement The CARES Act provisions opened up the opportunity for retirement plan participants to withdraw from their accounts tax-free, as long as they repay the account in the designated time period. This provision closes on Dec. 31, 2020, but many pla...
Here’s what the stock market predicts for 2021 It’s been a year of fear for many Americans: The worst global pandemic in a century has taken more than 300,000 lives, battered the U.S. economy and propelled the stock market into the fastest crash in history. But markets have since staged a stunning turnaround and reclaimed record highs, defying the doomsayers despite a backdrop of historic job losses, bankruptcies and shrinking corporate profits. The market was driven higher by Big Tech stocks as trillions of dollars in stimulus from the Federal Reserve and Congress propped up an econo...