Bob's Journal
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Bob’s Journal for 6/13
Private Equity Funds and Your Health Care Costs The role of private equity funds in medical care recently was identified as a problem by two prominent sources. Private equity funds are investment partnerships usually created and managed by an investment management firm. The investors in the fund primarily are institutions (pension funds, foundations) and very […]
Bob’s Journal for 6/6
Facts About the Nasdaq’s Climb to 17,000 The Nasdaq Composite Index exceeded 17,000 for the first time on May 28. It has been a long climb for the index. After its inception in 1971, the Nasdaq didn’t break 1,000 until July 1995. It took another 1,095 trading days for it to break 2,000. By then, […]
Bob’s Journal for 5/30
Reporting on Notable Events That Grabbed My Attention This Week Digital Assets Make Big Strides Digital currencies and assets moved closer to the financial mainstream in the few weeks since I posted my May 2024 Retirement Watch Spotlight Series online webinar, “Bitcoin, Digital Assets and Your Retirement Finances: What You Need to Know.” Earlier this […]
Bob’s Journal For 5/23
The Bull Market in Stocks is Global U.S. stock indexes underwent a correction in mid-2023, with downturns ranging from 9% to 18%, depending on the index. The correction was followed by a sharp rally in the last two months of 2023 that continued into 2024. Almost all the major U.S. indexes set new highs in […]
Bob’s Journal for 5/16
I recently was interviewed by Josh Jalinski for his “The Financial Quarterback” podcast and radio show on WOR-AM in New York. We began by discussing some of my background and the history of Retirement Watch. Of course, we also delved into the top financial issues of the day, including likely upcoming changes in taxes and […]
Bob’s Journal for 5/9
Social Security Trust Fund Estimated to Last One Year Longer The trust fund that helps pay for Social Security retirement and survivors’ benefits is expected to run out of money in 2033, according to the latest annual report from the Trustees of Social Security and Medicare. That’s one year longer than estimated in last year’s […]
Bob’s Journal for 5/2
FDIC Changes Insurance for Trust Accounts The Federal Deposit Insurance Corporation (FDIC) changed its deposit insurance coverage effective April 1, 2024. The basic insurance limit of $250,000 per account still holds and most types of accounts aren’t affected. The changes affect trust accounts and effectively reduce the insured amount for some trust bank accounts. The […]
Bob’s Journal for 4/25
IRA Heirs Can Delay RMDs Another Year, But Should They? The IRS announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t have to take the annual required minimum distributions (RMDs) described in the proposed regulations interpreting the 10-year rule of the SECURE Act. Recall that in late 2019, the Setting Every Community […]
