by MRA Advisory Team | Aug 8, 2023 | 401(k)
You can, but it isn’t your best option. Your 401(k) plan should be dedicated primarily to your retirement. There are two primary drawbacks to using your 401(k) for college funding. First, if you withdraw funds from your 401(k) before you are 59½, you will owe a... by MRA Advisory Team | Aug 8, 2023 | High Yield Savings Account
Have you considered the cash you keep at banks or other financial institutions? We’ve put many clients into the Federally Insured Cash Account (“FICA”). FICA offers: 1. A rate of 4.71% APY* starting today August 7, 2023 (an increase from the current... by MRA Advisory Team | Aug 7, 2023 | Weekly Market Update
Stocks endured a losing week for the first time since early July. Each of the benchmark indexes listed here lost value, with the S&P 500 and the Nasdaq suffering the steepest weekly declines since March. Investors dealt with the downgrade of the U.S.... by MRA Advisory Team | Jul 24, 2023 | Weekly Market Update
Last week saw stocks close generally higher, with only the tech-heavy Nasdaq slipping lower. The Dow extended its winning streak to 10 straight sessions, its longest run since August 2017. Investors, probably anticipating another 25.0 basis-point hike from the Federal... by MRA Advisory Team | Jul 10, 2023 | Market Update
Stocks fell for the second straight week, with each of the benchmark indexes losing ground. The Dow led the declines, followed by the Global Dow, the Russell 2000, the S&P 500, and the Nasdaq. Although the employment report for June (see below) showed a moderate...