Pivot with KDI Wealth Management

Race to a Vaccine

A U.S. drug company recently said that it’s in late-stage trials for its coronavirus vaccine and reported that it could be given to Americans as early as the end of the year.[i]

Great news. But it seems like every few days there’s a new update on a clinical trial for COVID-19. So we took the opportunity to check out the overall status for the development of a vaccine.

Much to our surprise, we learned that more than 150 vaccines are in development across the world. Hopes are high that at least one of these vaccines can be brought to market in record time to help manage the global crisis.[ii]

Kevin Dick awarded AIF® Designation and What Are The Benefits of Choosing an AIF® Designee?

Kevin Dick of KDI Wealth Management has been awarded the Accredited Investment Fiduciary® (AIF®) Designation from the Center for Fiduciary Studies®, the standards-setting body for Fi360, a Broadridge company. The AIF® Designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The designation is the culmination of a rigorous training program, which includes a comprehensive, closed-book final examination under the supervision of a proctor, and agreement to abide by the Center’s Code of Ethics and Conduct Standards.  On an ongoing basis, completion of continuing education and adherence to the Code of Ethics and Conduct Standards are required to maintain the AIF® Designation.

Podcast Episode: Surviving Market Swings

The market has experienced a ton of volatility as Kevin and Jon collectively shared the trauma that is 2020.  Kevin and Jon look at ways you can survive the unpredictability of the market.
What  causes market volatility? This episode explains the difference between the stock market and the economy - they are  not one and the same.
It all starts with building a solid financial plan, and Kevin discusses ways to do that, while also sticking to that plan and your risk tolerance as markets change.

Podcast Episode: The Value of an Advisor

In our first episode, Kevin joins Jon Gay, the podcast co-host, to discuss his background and how he started in the financial services industry over 20 years ago.
Kevin deciphers some of the letters after his name, discusses the significance of the word "pivot" (spoiler: It's why he named the podcast Pivot With KDI Wealth), and talks about the value of a financial advisor.
There is a difference between a financial advisor and a wealth advisor - they dig into that important point.   Finally, Kevin covers the questions you should ask when hiring a financial advisor.

2020 vs 2019 Tax Brackets

With a third of the 2020 tax year behind us, the Internal Revenue Service (IRS) has finally released the 2020 tax brackets. While it might seem a little late in the year, you still have plenty of time to make adjustments to your tax planning strategy.

Before getting to the actual changes within the tax brackets, it's worth noting that the effective tax rates have not changed. There will still be 7 brackets with the effective tax rates set as follows: 10%, 12%, 22%, 24%, 32%, 35% and 37%. What did change was the wage ranges that are applicable to each bracket.

How Is Your Retirement Confidence?

Retirement could be a stressful phase in your life if you did not do any prior planning before you
became a retiree. This is because you need to put food on your table and pay bills like medical
expenses, electricity, and water bills. However, with a proper retirement plan, you can be confident that
you can still enjoy comfortable living. You need to save for retirement as soon as you start getting a
stable income. You can also seek the services of a financial advisor that can help you plan appropriately
for retirement.

We now have a podcast!

We are excited to announce our new podcast, PIVOT with KDI Wealth Management!  We have always wanted a platform to offer financial educational information to our clients, their friends and family and our communities.  And now we have found it!

2020 May Be A Good Time For A ROTH

Even during difficult financial times, opportunity can come knocking at your door. There is very little doubt that the current COVID19 pandemic has wreaked havoc on the U.S. economy, affecting almost every individual in its path. With that said, certain events have made 2020 the year to strongly consider converting any eligible investment accounts into a Roth Individual Retirement Account?

Second Wave Looks to Have Peaked

This week, we had some progress on the pandemic front, as things started to improve after the stabilization we saw last week. Case growth peaked, at least in the short term, and the case growth rate ticked down. Further, outbreaks in many states are now being contained, as expected.

Nationally (as of July 29), the number of new cases was about 70,000, almost the same as a week ago. But the daily spread rate has improved a bit, down from just under 2 percent to 1.5 percent per day. Similarly, the number of tests has continued to bounce between 750,000 and 850,000 per day, but the positive rate has dropped to under 8 percent. Control measures imposed in multiple states appear to be working, although (as expected) it will take more time to see further improvement.

KDI Wealth Management advisors earn CPFA designation

KDI Wealth Management advisors earn CPFA® designation from the National Association of Plan Advisors.