Market Outlook for Remainder of 2024
Joseph Powers, Chief Investment Officer and Andrew Busa, Director of Financial Planning
How are you feeling about your future? There are reasons to feel uncertain, but recent market volatility may have created opportunities. In this video, we’ll discuss these opportunities, analyze changes in specific market sectors, and reveal fascinating data we’re following for the rest of this year. Watch now for our latest insights on the markets and economy.
Cash balance plans
Employer-sponsored retirement plans, such as cash balance plans, allow substantial pretax contributions with long-term benefits.4 If you’re a business owner, contributing significantly to a cash balance plan can reduce your current taxable income, potentially moving you to a lower tax bracket and increasing your net cash flow. By maximizing contributions to this plan, you not only save for retirement aggressively but also benefit from immediate tax deductions.Think of the current estate tax breaks as a limited-time offer.
Disclosures:
This material is for informational purposes only. All investments carry risk of loss. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Always consult with a professional before taking specific action.
Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed.
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