It was the best of times and the worst of times... LPL Financial Research looks at the positives and negatives in the economic situation in their latest blog: A Tale of Two Economies.
The IRS has announced the dollar limits for contributions and benefits in retirement plans and certain deferred compensation plans for 2020. The limit for 401(k) elective deferrals has increased from $19,000 to $19,500 and the catch up for those 50 or over has also increased by $500 to $6,500. That means the maximum deferral for age 50+ will be $26,000 in 2020. See the at
LPL Financial Research Senior Market Strategist Ryan Detrick discusses the third interest rate cut by the Federal Reserve in 2019 in this video: