The Joel Group - RBC Wealth Management

At The Joel Group, we are committed to providing our clients with timely, valuable information and interesting tidbits that may spark an investment idea or question. We invite you to explore the page below for an archive of previous tips-of-the-month and contact us to discuss how we can be of service to you.

June Tip of the Month 2022

Since 1999, the S&P 500 has had a median average decline from the peak of the calendar year to the low of the calendar year of -10%.

The worst year was 2008 at -48%.

The best year was 2017 at -3%.

Currently for 2022 (as of 5/11) -18%.

Regards,

Ben

Source: AMG Distributors / FactSet / S&P Dow Jones Indices

The Joel Group

Benjamin F. Joel

May Tip of the Month 2022 Graduation Edition

Here are the top paying majors 10 years after college:

1. Chemical Engineering

2. Aerospace Engineering

3. Computer Engineering

4. Electrical Engineering

5. Mechanical Engineering

6. Pharmacy

7. Civil Engineering

8. Engineering- Misc.

9. Computer Science

10. Business Analytics

11. Finance

Analysis is based on medium income of graduates 35-45 years old with no master’s degree.

Source:CNBC

Regards,

Ben

The Joel Group

Benjamin F. Joel

Managing Director – Financial Advisor

Senior Portfolio Manager – Portfolio Focus | RBC Wealth Management

RBC Capital Markets, LLC | Three Alliance Center | 3550 Lenox Road, Suite 1950

April Tip of the Month 2022

Over the last 60 years, there have been 13 periods of rising interest rates of more than 1.5%.

The S&P 500 has risen in 11 of those periods. Average annualized gain in this environment is 11.9% per year.

Source: Clearbridge Investments

*Past performance does not guarantee future results.

Regards,

Ben

<p>It is not possible to invest directly in an index.</p>

March Tip of the Month 2022

After almost 2 years of strong markets, we are in the midst of our first big downturn in 2 years.

This is part of the normal ups and downs of the market.

Since 1900 the Dow Jones has historically seen the following drops:

Down to -10% 3 times per year

Down -10-20% 1 time per year

Down over -20% Once every 4 years

Regards,

Ben

Source: PGIM Investments

February Tip of the Month 2022

Since 1979 the S&P 500 has had 31 positive years and 10 negative years(75% positive).

Of the 10 negative years, only 4 years have seen losses greater than 10%.

Past performance does not guarantee future results

Regards,

Ben

Source: RBC Capital Markets

The Joel Group

Benjamin F. Joel

Managing Director – Financial Advisor

Senior Portfolio Manager – Portfolio Focus | RBC Wealth Management

RBC Capital Markets, LLC | Three Alliance Center | 3550 Lenox Road, Suite 1950

Atlanta, GA 30326 | 404-260-8778 | 866-887-2187

NMLS # 1265283 through City National Bank

http://us.rbcwealthmanagement.com/thejoelgroup

January Tip of the Month 2022

Here are the IRS contribution limits for 2022:

IRA’s and Roth’s $6000

Over 50 IRA’s and Roth’s $7000

401k’s $20,500

Over 50 401k’s $27,000

Gifts(per person) $16,000

Standard Deduction(joint) $25,900

Happy New Year!

Ben

Source: IRS

The Joel Group

Benjamin F. Joel

Managing Director – Financial Advisor

Senior Portfolio Manager – Portfolio Focus | RBC Wealth Management

RBC Capital Markets, LLC | Three Alliance Center | 3550 Lenox Road, Suite 1950

Atlanta, GA 30326 | 404-260-8778 | 866-887-2187

NMLS # 1265283 through City National Bank

http://us.rbcwealthmanagement.com/thejoelgroup

December Tip of the Month 2021

The average starting salary for the class of 2020 was $55,000, an increase of 2.5% from 2019.

The highest paying majors were:

Petroleum Engineering

Computer Programing

Computer Engineering

Computer Science

Electrical Engineering

Source: National Association of Colleges and Employers

Regards,

Ben

The Joel Group

Benjamin F. Joel

Managing Director – Financial Advisor

Senior Portfolio Manager – Portfolio Focus | RBC Wealth Management

RBC Capital Markets, LLC | Three Alliance Center | 3550 Lenox Road, Suite 1950

Atlanta, GA 30326 | 404-260-8778 | 866-887-2187

NMLS # 1265283 through City National Bank

November Tip of the Month

The 2022 Social Security cost of living increase is 5.9%, which is the largest increase in 40 years. Those who have deferred their payments may see their future checks increase by 5.9% also.

Source: FA Magazine

October Tip of the Month

Volatility is part of investing. From 1979 to 2019 the S&P has had an annual return of 12%. However, during those 40 years the annual return has been between 9% and 12% only 3 times.

Source: Hartford Funds

September Tip of the Month

According to Social Security, a married couple at age 65 has a 75% probability of one individual living over 20 years. There is a 49% probability of living over 25 years.

August Tip of the Month

Indexes have become much more top heavy over the last 30 years. In 1990, the top five stocks made up 6% of the S&P 500 index. In 2020, the top 5 stocks made up 22% of the index of 500 stocks.

Source: Hartford Funds

July Tip of the Month

Interesting facts from Tom Stanley’s book “The Millionaire Next Door”:

14% of Americans are millionaires. Most are first generation millionaires who hit the mark after age 50. On average, they save 25% of their income and two thirds have a wealth advisor. Most are college educated, still in their first marriage, and work 50 hours a week.

June Tip of the Month:

Donating to charities? Instead of a check, give appreciated stock. If you are older than 70.5, you can also give IRA funds.

May Tip of the Month

Freezing your credit makes it harder for scammers to access your identity and your credit. You must notify all 3 credit agencies separately. Unless you release the freeze, your credit reports will not be released to 3rd parties without your permission. Three is no cost for this service.
Their websites are below:

www.equifax.com
www.experian.com
www.transunion.com

April Tip of the Month:

According to the CDC the current life expectancy in the United States is 78.7 years.

Hawaii leads all states at 81 years followed by California. West Virginia is last at 74.4 years, followed by Mississippi. Georgia is #38 at 77.2 years.

Women outlive men by about 5 years.

Stay safe everyone!

February Tip of the Month

Which document decides who inherits your estate?
For retirement accounts including IRAs, Roths, 401(k)s, life insurance an annuities, it is your signed beneficiary form.

For joint accounts with rights of survivorship, it is the co-owner.

For most everything else, it is your will.

January Tip of the Month

Happy New Year!

Here are your contribution limits for 2021:

IRA’s and Roth’s--------------------$6000
Over 50---------------------------$7000
401k’s----------------------------------$19500
Over 50-------------------------$26000
Gift tax exclusion------------------$15000 per person

December Tip of the Month

A survey of millionaires found that they regretted the following financial mistakes (in order of importance):

Leaning too heavily on historical returns
Not having sought financial advice
Lack of diversification

Source: The DeVere Group

November Tip of the Month

Social Security has announced a 1.3% cost of living increase effective for January 2021.

September Tip of the Month

The stock market, since 1860, has performed equally well with both Democratic and Republican Presidents. During Democratic Administrations a 60%/40% blend of stocks/bonds is up 8.4%. For Republicans the returns are 8.2%.

Election years are better than average, with average returns of 8.9% vs. 8% in nonelection years.

Source: Vanguard

August Tip of the Month

WalletHub has ranked all 50 states based on the tax burden on individuals. The highest tax burden is New York, the lowest is Alaska. Georgia ranks 36 with 50 being the best.

Contact me for listings of other states.

July Tip of the Month

Now might be a good time to update the beneficiaries of your IRAs, Roth IRAs and 401(k)s. Make sure the contingent beneficiaries are up to date as well. These forms are very easy to modify.

June Tip of the Month

Since hospitals are closed to visitors during the pandemic, it is important that your medical power of attorney is up to date and accessible to those who may need it. If you’re hospitalized, your proxy may have limited access to you to get that information.

May Tip of the Month

The CARES Act eliminates the requirement for withdrawals from IRA’s, Inherited IRA’s ,Inherited Roth’s and 401k’s for the year 2020. Special rules are also in effect for any distributions from IRA’s and 401k’s this year. See your tax advisor for more details.

April Tip of the Month

The current market disruption has led to record low interest rates. If you or another family member has a mortgage, now is an excellent time to review your mortgage and see if refinancing makes sense for you. Let me know if you want to do a mortgage review.

March Tip of the Month

To register your cell phone for the Do Not Call List, call (888) 382-1222. It takes about one minute to complete!

February tip of the month

Some IRA rules have changed with passage of the Secure Act:

The withdrawal age for RMD's has increased to 72 for those who are not 70.5 by the end of 2019.
Contributions to IRA's can be made after age 70 if taxpayer is still working.
For non-spouse beneficiaries the stretch IRA has been eliminated. All funds must be distributed within 10 years.
Charity donations can still be made out of IRA's after age 70.5 and are nontaxable up to $100,000.00

Please see your tax advisor for more details.

January tip of the month

Happy New Year!

Contribution limits for 2020:

IRA/Roth – $6000
IRA over 50 – $7000
401k – $19,500. Up from $19,000.
401k over 50 – $26,000. Up from $25,000.
Gift exclusion – $15,000 max per individual. Number of gifts unlimited.

December tip of the month

Charitable giving strategies have changed due to the tax law changes last year. If you are over 70 1/2, consider a charitable donation out of your IRA. Younger clients should consider using appreciated stock and bunching 2 or more years of donations together. In either case, donating cash is usually the least desirable method of making a charitable donation.

November tip of the month

The Social Security Administration announced today that the 2020 cost of living increase for social security is 1.6%. The good news is this reflects the overall lack of inflation in the U.S. economy.

September tip of the month

Do you need long term care insurance?

According to a study by the Department of Health and Human Services, 48% of adults over 65 will at some point need paid help with activities of daily living (long term care services). Women are about two-thirds more likely than men to receive long-term nursing home care over their lifetime.

August tip of the month

What leads to a happy retirement? Some factors according to thebalance.com are:

Maintain your relationships
Find hobbies
Be active and stay busy
Continue doing some kind of work

July tip of the month

Some of the most valuable college majors according to a recent survey by bankrate.com include:

Actuarial Science
Zoology
Nuclear Engineering
Applied Mathematics

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