On December 29, 2022, the passage of the SECURE 2.0 Act of 2022 resulted in some important changes to qualified retirement plans. If your plan is part of the ACEC Retirement Trust, you have received quite a few pieces of information regarding SECURE 2.0 and how it affects your plan….
The American Council of Engineering Companies Retirement Trust (ACEC RT) announced the retirement of longtime Executive Director Bruce McFarland after 23 years of service as both a Trustee and Executive Director. McFarland was the first and only Executive Director of the Retirement Trust and has been instrumental in the organization…
The ACEC Retirement Trust is pleased to welcome two engineering industry leaders as Trustees: Karlene Thomas, Principal of Pinyon Environmental, and Renan Pierre-Louis, Vice President and Chief Financial Officer of Raba Kistner. The ACEC RT Board of Trustees consists of seven leaders in the engineering industry who serve as the…
Fraudsters and scam artists have always looked for new ways to prey on consumers. Many are now using their tactics to take advantage of consumers’ heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have issued warnings on the surge in coronavirus scams and…
Mortgage refinancing applications surged in the second week of March 2020, jumping by 79% — the largest weekly increase since November 2008. As a result, the Mortgage Bankers Association nearly doubled its 2020 refinance originations forecast to $1.2 trillion, the strongest refinance volume since 2012.1 Low mortgage interest rates have…
Stock market volatility in 2020 has clearly reinforced at least one important investing principle: Short-term goals typically require a conservative investment approach. If your portfolio loses 20% of its value due to a temporary event, it would require a 25% gain just to regain that loss. This could take months…
What is systematic saving? As its name implies, systematic saving is the process of saving a portion of income on a regular basis. It is important because establishing or increasing a cash reserve should be the first savings objective of a financial plan. Further, most people do not save on…
The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end.1 Bear markets are typically defined as declines of 20% or more from the most recent high, and bull markets are sustained increases of…
Dramatic market turbulence has been common in 2020, and you can’t help but hear about the frequent ups and downs of the Dow Jones Industrial Average or the S&P 500 index. The performance of these major indexes is widely reported and analyzed in detail by financial news outlets around the…
