![]() February 2021 While we are being overwhelmed with daily news about the pandemic, and how to get it under control, our first article below raises some unique and interesting points on how 2021 will harden the winners' and losers' brackets created by this virus. Hopefully you will find this enlightening and helpful. As always, give us a call if you would like to discuss your personal situation further.
If you tapped into your retirement account to weather 2020, there are tax issues to consider as you begin to prepare your tax return. Our second article outlines some key points you may find helpful. We'd like to hear from you. Please feel free to contact us by phone at 614-888-2121, toll-free 877-389-2121 or email chornyak@chornyak.com with any questions or comments. Or, follow this link to request a meeting with us to discuss your financial planning needs: https://www.chornyak.com/appointment-request ![]() If you pulled money from your 401(k) plan or individual retirement account last year to get through tough times, now is the time to consider next steps.
What’s Happening Now Mixed start to year for markets
Markets took a bit of a break to start the year, as volatility at month-end, driven by fears of a more contagious variant of the COVID-19 virus, pulled back earlier gains. The S&P 500 ended the month down 1.01 percent, and the Dow Jones Industrial Average dropped 1.95 percent. The Nasdaq Composite did better, finishing the month with a 1.44 percent gain, but even this technology-heavy index was hit by late-month volatility. Read More.
Third wave of pandemic may have crested
While the market news was mixed, the medical news was much better. The major metrics for the pandemic all improved significantly in January, signaling that the third wave may have peaked. The number of new cases per day fell throughout the month and now sits at levels last seen in November. There were similar declines in the number of hospitalized patients and the positive test rate toward month-end. Read More.
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