Insights

The past year has been difficult for fixed income investors, with the sharp rise in bond yields leading to a fall in bond prices. After an extended period of low interest rates, bond prices corrected sharply throughout the year as the Fed raised rates and increased its forward projections for those rates.

U.S. and global stock markets experienced solid gains in the fourth quarter but remained significantly in the red to end 2022. The S&P 500 Index gained 7.5% in the quarter including dividends, recouping some lost ground but ending the year down 18%. U.S. stock market performance was bad in 2022 no matter how you cut it. However, it is interesting to note that the Dow Jones Industrial Average, which is a stock price-weighted index of only 30 large companies, returned a solid 16% in the fourth quarter and declined only 6.9% in 2022, faring much better than the S&P 500.

After a strong and steady economic recovery from the pandemic-led downturn in 2020, 2022 has been a year of uneven growth and rising uncertainty.

Have you made a plan for your money this year and beyond? At any stage of life, you can establish some financial goals to suit your particular situation. Taking the time now to evaluate your personal finances and set tangible, measurable goals for your money is the best way to prepare for a secure financial future—whether that is three years from now or 30 years from now.

On December 29, 2022, President Joe Biden signed the SECURE Act 2.0 into law. The legislation includes many changes affecting how Americans can save for retirement. Through tax credits, increases in retirement savings limits and delayed distribution requirements, it benefits both individuals who save for retirement and employers offering retirement plans.

Happy Holiday Greetings to you! We hope that you and your loved ones are safe and well. As we reflect on this past year, we are grateful to everyone connected to Howland Capital. From our clients, to our colleagues, and our industry partners, it has been a pleasure working together with you this year.

College degree? Check. New job? Check. Now, prepare for a new financial life—and make your money work for you—with our top financial tips for college grads.

Cybersecurity is important and more relevant than ever. As our time online has increased significantly over the last 2+ years, more of your data is being shared. We are sharing our tips for preventing your personal data from falling into the wrong hands.

There are a few new rules to know about IRAs and retirement savings in 2022; get the details to plan ahead.