Intact Services USA LLC continues to provide employees with a competitive retirement benefit while empowering them to be accountable for their own retirement security and well-being. Many of us seek investment, retirement, and overall financial well-being advice. It’s important to know that whatever your financial guidance needs or stressors are, you’re not alone. 

CAPTRUST has extensive expertise in how to maximize our corporate benefits as well as the tools and talent to help you determine the best course for your financial life.  Our goal is to empower our people to take advantage of this free benefit to aid you in achieving your personal goals in an environment that is free of conflicts of interest and product sales. Specifically, the program can help you to: develop a full financial picture; identify retirement income sources; incorporate other financial priorities; establish a risk tolerance; and determine realistic retirement goals.

• Shifting market leadership in the third quarter highlighted the sensitivity of economic data leading to the Federal Reserve’s first rate cut in September.  The Fed messaged the move as proactive, with risks now balanced against a slowing, but overall solid, economic backdrop.  Rate reductions are expected to continue at a moderate pace, but economic complexity remains elevated.  Fed officials are focused on preserving economic growth while maintaining a strong labor market.
• Overall, US stock markets ascended with rate-sensitive stocks like utilities and real estate leading the way.  International markets outperformed the US, aided by a weaker dollar, while stimulus efforts in China proved a significant quarter-end tailwind.

• Historically, for financial markets, presidential election outcomes create more volatility than value.  US stock markets usually power through election distractions, no matter which party wins the Oval Office.
• The debt limit suspension expires January 1, leading Congress back to the negotiating table after November elections.  The Treasury has liquidity to deploy in the meantime.  Still these negotiations, plus debates over expiring tax cuts, could create a politically contentious 2025.

• The TCJA went into effect and is set to expire at the end of 2025, when tax law will revert to 2017 values, indexed for inflation.  Know how these changes will impact your tax situation as it may be advantageous to take advantage of lower tax rates in 2025 and prepare for changes in 2026 and beyond. 

CAPTRUST Market Update Video - October 2024

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