The uneven nature of the outlook will mean that sentiment will ebb and flow and stock selection will become even more crucial. Read more...
Top-down macroeconomic news is dominating markets in 2016, and there has been a further pickup in volatility since the Brexit vote in the UK.
The uneven nature of global economic health and a now more uncertain investing environment has raised questions over whether the equity cycle is coming to an end, or are we merely entering a new phase?
For patient long-term investors, such uncertainty typically creates buying opportunities in durable growth stocks. Importantly, although profits growth and earnings have been poor at an aggregate level, there remain compelling pockets of growth in the world.
While the rally in oil and commodity prices has brought about a debate on the potential for a value cycle to form, we believe that long-term growth stocks are likely to continue to command a sustainable premium in a challenging macroeconomic environment.
October 13, 2016
R. Scott Berg, Portfolio Manager, Global Growth Equity Strategy
Once investors turn age 70½, they will need to take required minimum distributions (RMDs) from their retirement accounts, whether they need the money or not. Read more...
For IRAs, you must take your first RMD by April 1 of the year after the year you turn age 70½—regardless of whether or not you are retired. For each following year, you must take an RMD by December 31.
If you have multiple IRAs, you must calculate the appropriate RMD for each one. The total distribution amount can be taken from one or more IRAs to satisfy the withdrawal—as long as the total RMD amount is withdrawn.
If you have multiple prior employer retirement accounts (401(k)s, etc.) you will have to contact your prior employer to calculate the RMD and send you a distribution.
Once the RMD is distributed, you don’t have to spend it, but it cannot remain in the tax-deferred account.