Our April newsletter provides insights on relevant and timely topics we hope you find value reading. We share the latest Brexit updates from The Associated Press as the UK rushes toward the departure date without a plan in place. April’s newsletter also provides the latest insights on America’s “retirement crisis” and the legislative efforts to combat the issue. We also share the “Four Reasons to Consider Municipal Bonds” by Lord Abbett along with the latest market commentary from Pacific Asset Management.
Latest on Brexit
LONDON (AP) — The British government and senior opposition figures met Thursday to seek a new plan on how the country leaves the European Union, as Prime Minister Theresa May tried to limit divisions within her Conservative Party inflamed by her shift toward compromise…
America’s Retirement Crisis
It’s financial literacy month, do you know where your retirement is?
According to CNBC, there is a retirement crisis in America where most will be unable to afford a ‘solid life’. Consider the following:
The three “legs” of the retirement “stool” (private savings, pensions, and Social Security) are all in dire shape.
At Vanguard, the median 401(k) account value for an investor age 65 and older is a measly $58,035.
After looking at the data, the Saint Louis Fed concluded: “It could be worrisome that, for many American households, the total balances of their retirement accounts may not be sufficient to ensure a solid life in retirement.”
In response to this growing problem, the most comprehensive changes to private retirement plans in more than a decade are gaining momentum in Congress. Please read the following CNBC articles to learn more:
Four Reasons to Consider Municipal Bonds
For those taking a fresh look at these tax-exempt securities, here is what Lord Abbett considers to be the most attractive features of the current muni market:
Our partners at Pacific Asset Management share their latest Market Commentary. Please click the link below to read the latest monthly commentary: