Market Roundup: Mixed Weekly Results Buoyed by Strong Jobs Report
Indices started the week in the red zone with Technology stocks dipping on continuing tariff tensions and manufacturing data. The Institute for Supply Management’s Manufacturing Index for November fell to 48.1 from 48.3 in October, versus expectations for a jump to 49.4. The slide continued Tuesday when President Trump said a U.S.-China trade agreement may have to wait until after next year’s elections.
Longevity Annuities Are Meant to Transfer the Longevity Risk—Not Lower RMDs
The “Money Talks” Experts dig into a case study of an investor who wants to minimize her required minimum distributions and wonders if a qualified longevity annuity contract will work for her situation.
Qualified Charitable Distributions: Using Your IRA to Give from the Heart
If you are 70½ or older and must begin taking annual required minimum distributions, you can use a qualified charitable distribution (QCD) to donate from your IRA and get a tax break, whether you itemize or not.