IRS Announces Record Increase To Retirement Plan Limits For 2023
WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023 in Notice 2022-55PDF, posted today on IRS.gov.
Oct 25, 2022·4 min
Growth of $10,000 over presidential administrations
What do you think about the upcoming elections? Check out this chart and see what the Growth of $10,000 over presidential administrations reveals.
Oct 21, 2022·1 min
Putting Pullbacks in Perspective
We can gain an important perspective on market pullbacks by considering post-World War II declines in the S&P 500® Index. The majority of declines fall within the 5-10 percent range with an average recovery time of approximately one month, while declines between 10-20 percent have an average recovery period of approximately four months. Pullbacks within these ranges are not uncommon, occurring frequently during the normal market cycle.
Oct 12, 2022·1 min
The Memphis Flyer’s annual Best of Memphis
The Memphis Flyer’s annual Best of Memphis readers’ poll celebrates all things Memphis, and *drumroll please* — it’s time to announce the winners! Memphis has spoken. Thank you, Memphis, for voting DWAM as one of the Best Financial Advising Firms.
Oct 11, 2022·1 min
Annual Returns And Intra-Year Declines
Plan to stay invested: Losses hurt more than gains feel good. Market lows can result in emotional decision-making. Taking “control” by selling out of the market after the worst days is likely to result in missing the best days that follow. Investing for the long term in a well-diversified portfolio can result in a better retirement outcome. S&P intra-year declines vs. calendar year returns Despite average intra-year drops of 14.0%, annual returns were positive in 32 of 42 years
Sep 28, 2022·1 min
Duncan Williams: "Not Taking The Easy Way Out"
My guest today is Duncan Williams. I wanted to have Duncan on this podcast because What started as a small regional municipal bond firm in 1969 grew to be one of the largest female-owned bond broker-dealers in the United States. In addition to this work, this family has a strong presence as a holding company in farmland, apartments, and senior living facilities in the southeastern part of the United States.
Aug 18, 2022·2 min
Market returns tend to be muted until late in midterm years
Jul 11, 2022·1 min
MISSING JUST A FEW OF THE MARKET'S BEST DAYS CAN HURt INVESTMENT RETURNS.
Jun 30, 2022·1 min
We believe personalized planning and employee retirement education matter.
Jun 28, 2022·1 min
Market declines are part of investing
Despite the fact that stocks have moved steadily higher over long periods of time, history tells us that bear markets (an extended 20% or more decline) and other difficult patches aren't permanent. The good news is that corrections (a 10% or more drop), bear markets (extended periods of 20% or more declines), and other difficult patches haven't lasted forever.
Jun 21, 2022·1 min
Shrinkflation: The Silent Economic Threat That's Affecting Your Everyday Life
Shrinkflation: The Silent Economic Threat That's Affecting Your Everyday Life When the price of anything rises, that means the value of that item has decreased. Shrinking prices are just that: the price of something is decreasing. These two phenomena can be difficult to tell apart, but they are very much connected. Shrinking prices are the result of inflation. The price of something is rising so it makes sense that you would pay more for it over time. So, how can you tell that you’re seeing the effects of shrinking prices instead of just seeing a natural rise in prices? Here are some of the most common signs.
Apr 19, 2022·6 min
Why Invest in International?
Since 2007 international stocks have lagged the returns of U.S. stocks. So, are global stocks worth investing in if they have not generated superior returns to U.S. stocks in recent years? After all, by investing in international U.S. stocks, wouldn't I get enough exposure to global economies? To answer these questions, we must discuss the potential gains from diversification.
Apr 6, 2022·3 min
The Costs of Eating Out
In 2019, during the COVID-19 pandemic, I primarily stayed at home to avoid sickness. As a result, I was consuming less food because I just ate what was already in the refrigerator rather than going out to lunch. That year, my doctor said that I was one of her few patients who lost weight during the pandemic. Fast forward to 2022, when I resumed work and started going out for lunch again. Two weeks after returning to the office, my doctor told me that I had gained 8 pounds--in two weeks! Not only did weight gain reoccur, but I was spending $400 on lunch a month! And every time I went to my favorite diner, I would see signs that read, “If you really liked us, you would eat more.” Obviously, I complied!
Mar 31, 2022·7 min
Inflation Dominates Americans' Economic Concerns in March
STORY HIGHLIGHTS 17% name inflation as nation's most important problem; 4% cite gas prices Mentions of the coronavirus as top problem are lowest of the pandemic Six in 10 worry a great deal about inflation, leading most other issues
Mar 29, 2022·5 min
Tennessee is one of three states being hit hardest by elevated gas prices. Why and what can you do to save money on gas?
I usually drive my car in sports mode but have switched to comfort mode to save gas. I don’t know about you, but the expense to fill up my car with premium gasoline has skyrocketed. Yesterday at my neighborhood Shell Station I paid approximately $100 to fill up. It made me wonder what other people around the country were paying, and I came across a study published by SmartAsset. The article is titled “Where High Gas Prices Will Most Affect Residents – 2022 Study.”
Mar 25, 2022·4 min
The Potential Tax Benefits of Donating Stock
With your taxes on the horizon, you may be wondering what you can do to help make things easier. As it turns out, donating stock to a qualified charity provides some tax benefits!
Mar 22, 2022·3 min
But what if it really is the start of a bear market?
No bull market runs forever. While they can be scary, bear markets can be expected to occur periodically throughout every investor’s lifetime.
Mar 9, 2022·4 min
Memphis Grizzlies: Stars are Aligning
In 2018 we began our ECON: 901 series with an early version highlighting the relative value of the Memphis Grizzlies versus the rest of the NBA. Given the newfound success of the team in a world and city that has experienced much change since those simpler times, we decided to revisit the topic.
Mar 3, 2022·2 min
Do corrections mark the start of a bear market?
Nobody can predict with any degree of certainty whether a correction will reverse or turn into a bear market (that is, periods when the market is down by 20% or more).
Feb 25, 2022·1 min
Kyle Gowen appointed to Chief Investment Officer and Executive Committee member.
Duncan Williams Asset Management (DWAM) would like to announce the appointment of Kyle Gowen to Chief Investment Officer and Executive Committee member.
Feb 23, 2022·1 min
Market returns tend to be muted until late in midterm years
Understanding how markets work over long periods can give you more peace of mind about your financial future. We understand your concerns and are here to answer them. Call us today to discuss your future. This is just one example of how understanding the markets during midterm elections usually works. 901-435-4250
Feb 17, 2022·1 min
The effects of Geopolitical Conflict on the equity markets.
The threat of war from Russia has overwhelmed mainstream media, so our team believes it is important to consider historical instances of geopolitical conflict and their impacts upon broad equity markets.
Feb 16, 2022·1 min
Duncan Williams Asset Management Ranked #1 Fastest Growing RIA in America
Duncan Williams Asset Management (DWAM) is pleased to announce that we have been ranked the #1 fastest growing RIA in America according to Financial Advisor Magazine’s 2021 RIA Ranking, which lists the top Registered Investment Advisor firms in the country.
Oct 10, 2021·4 min
Pro Tips for Nonprofits: Choosing the right financial adviser
Nonprofits are passionate about their missions, yet sometimes this passion can affect decision-making beyond the traditional scope of their work. Nonprofits work hard for donations, and deciding how to manage these donations in-house can surely add undue stress. This is where a financial advisor comes in.
Aug 5, 2021·3 min
Don't navigate this alone.
Every article we write is based on real conversations with Memphis families. Let's have one with you.