Archive
Archive for July, 2020
2020 Q2 Review and Outlook
The Nike Swoosh or the Square Root? The U.S. stock market’s trend in the second quarter of 2020 was a mirror image of the first quarter’s, with the S&P 500 SPDR ETF (SPY) gaining 20.2% vs. a 19.5% drop in 1Q. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) gained 3.1% (matching…
Ask a Trust Officer: RMD Rollovers
DEAR TRUST OFFICER: I turned 70½ in 2019, so I had to take my first required minimum distribution in early 2020, before April 1. I did. Now I’ve heard that I didn’t have to take that RMD after all?—DRAWING DOWN SLOWLY DEAR DRAWING: You’ve heard correctly. The waiver of RMDs was included in the CARES…