Our PureVest Weekly Roundup looked at the December jobs report, which was stronger than initially forecasted. The newly passed Secure act 2.0 allows tax-free rollovers from a 529 plan to a ROTH IRA; and changed the rules regarding required withdrawals from retirement accounts. Costco reported strong sales numbers in December. Tesla cut prices in China on two of their popular models as increased competition might be starting to take a bite out of their dominant EV market share. We also looked at an update on the housing market and some predictions for the year ahead. One thing that remains constant is that the economy goes through different cycles. We added an article that looks at the four stages of the business cycle. Enjoy the light reading and have a great weekend.
Markets & Economy:
Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
source:www.cnbc.com
Families can make a tax-free rollover from 529 plans to Roth individual retirement accounts starting in 2024
source:www,cnbc.com
Tesla cuts prices in China, other Asian markets as sales falter
source:www.reuters.com
Costco stock rises as holiday sales gain
source:www.marketwatch.com
Secure 2.0 changes 3 key rules around required withdrawals from retirement accounts
source:www.cnbc.com
Housing market predictions: the forecast for the next 5 years
source:www.bankrate.com
Education:
Business Cycle: What It Is, How to Measure It, the 4 Phases
source:www.investopedia.com