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.
Clients often come to us with questions on estate planning. We at MCF are here as a guide and resource to help you navigate the decisions you must make while drawing up your estate plan. One decision you must make when estate planning is choosing an executor. Someone you trust to ensure your wishes are carried out. Let’s walk through what being an executor involves.
LEXINGTON, KY – MCF Advisors, LLC (MCF) is pleased to announce that Brittany Manning, CPA CFP ®, , will be expanding her role within the company. Brittany has been promoted to Chief Operating Officer, where she will be overseeing the day-to-day operations of MCF and the execution of long-term growth strategies within the Firm.