Following Fed chairman Powell’s comments yesterday, the market rallied pretty significantly to finish out the month of November. We’ll see how things pan out during the final month of the year here in 2022 and into 2023.
Here’s what I’ve been reading this morning:
‘Taking a Hardship Withdrawal From Your 401(k)’ – Mullooly Asset Show
- In this week’s video, Casey discusses the growing rate of people taking hardship withdrawals from their 401(k) plans. It’s great that folks want to get invested in the market, but it shouldn’t come at the expense of having an emergency fund.
‘Maximize Your 2022 Charitable Gifting Strategy’ – Mullooly Asset Blog
- The end of the year is a great time to consider charitable gifting. If you are feeling generous, want to make a difference in someone’s life, and want to reap potential tax benefits, this is the blog post for you!
‘The Fear of Loss Can Cost Investors Big Time’ – Greg Iacurci – CNBC
- This article talks about “loss aversion bias”. It’s something plenty of people deal with, and it can really impact investment performance. It causes folks to sell at the wrong time to avoid more losses and prevent others from starting altogether.
‘Avoiding Retirement Account Required Minimum Distribution Mistakes’ – Sarah O’Brien – CNBC
- As we head into the final month of 2022, if you haven’t taken your required minimum distribution yet the time is now! This article highlights a few ways to avoid making any costly mistakes when taking your RMD this year.
ENJOY!
