As we look back at our best and worst calls of 2022, it seems like an opportune time to reassess the market's behavior and our own understanding of it. Despite some predictions being correct, we wish we were more emphatic about others.
The Fed stuck to its higher-for-longer stance, with Chairman Jerome Powell reiterating that taming inflation remains a priority, while Chinese markets rallied after easing of their strict 'zero Covid' policy.
The recent passage of SECURE Act 2.0 has significant implications for retirement planning. With the age for taking RMDs increasing to 73, individuals turning 73 in 2023 may want to reassess their approach. As more details emerge, it's essential to consult a financial advisor or tax professional for personalized guidance.
