After a tumultuous first half of the year, Keel Point reflects on some of the main highlights over the past six months and considers how to respond moving forward. This paper summarizes the substantial changes in the law (SECURE Act, CARES Act, fiscal policy) and how it affects financial planning decisions now and in the future. It also addresses the market swings we’ve experienced and the benefit of rebalancing during volatile periods. Furthermore, we elaborate on the importance of avoiding emotional decision making by understanding your true risk tolerance. Lastly, we reflect on this new virtual environment and ways we will continue to provide holistic value to our clients, their loved ones, and our communities.
Market Recap – September 25, 2023
The Fed last week left its Fed funds interest rate unchanged at 5.25% to 5.50%, but signaled that interest rates are going to be “higher for longer.” Markets responded with the 10-year U.S. Treasury rising to 4.45% -- its highest since 2007 -- and the S&P 500...