Before we turn the page and move into the new decade, let’s take a look back at a busy 2019. We saw a strong market, interest rate cuts, the passing of the SECURE Act, and more, but there are also some signs for concern heading into 2020.
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Think back to just over one year ago. The market was in the midst of a significant correction, interest rates looked poised for another hike, and uncertainty surrounded politics.
Some things haven’t changed but a year later, there’s much more optimism in the financial world this December. Of course you’ll find people that have a negative outlook on the future of the market, but those people will always exist. The results speak to a strong 2019 and we wanted to take one last look back at the end of the decade on this episode of Your Money, Your Life.
Don Cash will recap last year with the headlines and trends that caught his attention. There was plenty to be excited about but he also saw some things that might raise a little concern for the future.
We’ll also look ahead to 2020. Where are we headed this year? We’ve already seen the SECURE Act take effect, which will have a significant impact on retirement accounts. And who can forget about the upcoming presidential election?
It’s going to be a fun show so come along! You can listen to the entire episode in the audio player above or click the timestamps below to skip ahead to a specific segment.
0:35 – Hard to believe it’s already 2020.
1:33 – What does Don see in store for 2020 from a financial perspective?
4:39 – People ask frequently about what’s going to happen in the stock market.
5:11 – Think about what was happening one year ago (December 2018) and the predictions we heard.
7:52 – Here’s what hasn’t changed financially in the last year.
8:21 – There are a few things to be concerned about heading into 2020.
11:52 – Cash Connection Question: My dad is 91 and remarried about 15 years ago. Both my dad and stepmother are in assisted living and thankfully have long-term care plans that cover the cost. He has told us he’s leaving all his assets to his kids. Someone told me in New Jersey that you can’t leave everything to your kids. Is that true?
14:45 – What does Don’s planning process look like when it comes to estates?
16:57 – Getting to Know Don: What is something people would be surprised to know about you?
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Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advoctaes a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.