April 22, 2020
Since bottoming in late March, the market has entered a rally phase and has risen by more than 20%. In fact, it has retraced nearly half its 35% loss since its mid-February peak and remains down about 15% year-to-date. Fortunately, many individual investors have performed better than the broad market average thanks to diversified portfolios that… Read more »
April 17, 2020
It’s no secret that the daily impact of COVID-19 continues to move the markets drastically and rapidly. As our clients review their first-quarter portfolio statements for the year, we are reminded again of the direct blow to the economy and investments these past several weeks. Yet, a lot of market movement has continued even… Read more »
April 9, 2020
This past quarter was both awful and one for the record books. The first global pandemic in over 100 years brought an end to the longest bull market in U.S. history with declines so sharp they triggered multiple exchange trading halts. The S&P 500 took just 16 days to enter a bear market, its quickest 20%… Read more »
April 9, 2020
In response to the CARES Act, created to provide relief for individuals and businesses that have been negatively impacted by the coronavirus outbreak, JNBA recorded a series of four podcasts (each around five minutes long) earlier this week to discuss specific aspects of the law. JNBA President Kim Brown — along with some colleagues on… Read more »
April 1, 2020
On March 27, 2020, the CARES Act became law, signaling the federal government’s intention to support the American economy during the COVID-19 outbreak with a massive stimulus package for individuals and businesses. While the majority of the $2 trillion expected to be distributed through the aid package will go to businesses, those who have lost… Read more »
March 27, 2020
In the latest episode of JNBA’s podcast, CEO and Chairman Richard S. Brown sat down on March 26 with colleagues on JNBA’s Investment Committee – virtually, from remote locations – to talk about where we are with the markets’ response to the COVID-19 pandemic and what could be next. Richard, along with Director of… Read more »
March 27, 2020
Over the last several days, the IRS has rolled out new deadlines and information for taxpayers in response to the COVID-19 pandemic. Please see the updates regarding 2019 federal income tax return deadlines below. Federal Tax Filing and Payment Federal income tax return filing and payment deadlines for the 2019 tax year have been extended 90… Read more »
March 23, 2020
After the worst week on record since 2008 and with the S&P 500 down roughly 30% since the start of the year, many investors are asking themselves (and/or us), “Is it time to get out of the market?” We hope to provide some perspective in trying to answer that question. Where do we stand? We… Read more »
March 18, 2020
To help shed additional light on how this unprecedented COVID-19 pandemic is impacting the markets, JNBA CEO and Chairman Richard S. Brown sat down – virtually, from remote locations – on March 17 with colleagues to record the latest episode of our podcast. Richard was joined by three team members who help lead JNBA’s… Read more »
March 12, 2020
As our parents age, one of the many factors we need to consider as adult children is their finances and if they’re vulnerable to financial exploitation. After all, many cases of financial exploitation have a root cause in impaired decision-making abilities. Poor decision-making is a consequence of cognitive decline among seniors; even very subtle age-related… Read more »