WynnSights Blog

Pandemic Day Trading is not all Glitz, Glamour and Easy Money

Hugh F. Wynn

Oct 1, 20203 min read

Pandemic Day Trading is not all Glitz, Glamour and Easy Money

The volatile pandemic stock market has drawn new day traders into its seductive embrace by the millions.

The Pandemic has Millennials on Financial Pins 'n Needles

Hugh F. Wynn

Sep 17, 20204 min read

The Pandemic has Millennials on Financial Pins 'n Needles

It’s a fair statement to suggest that younger people – Millennials – have suffered some particularly catastrophic economic hardships.

Capital Gains - and Possible Change - Explained

Hugh F. Wynn

Aug 20, 20204 min read

Capital Gains - and Possible Change - Explained

Check out this new post on the WynnSights blog, a personal investment blog based on blogger Hugh Wynn's fervent belief that investing should

What To Do When Your Rainy Day Fund Runs Dry

Hugh F. Wynn

Aug 13, 20204 min read

What To Do When Your Rainy Day Fund Runs Dry

Millions of out-of-work Americans are currently struggling to pay their bills, whether it be day-to-day expenses or an emergency?

Hugh F. Wynn

Aug 6, 20205 min read

Rainy Day Funds Redux

We seem to be having unexpected disasters on a routine basis, so a reminder of the value of Rainy Day Funds is once more in order.

IRS UPDATE: You Can Refund Your RMD if You Want To

Hugh F. Wynn

Jul 9, 20203 min read

IRS UPDATE: You Can Refund Your RMD if You Want To

Everytime you blink our government is changing a rule or guideline in order to ease the financial burden on Americans during the pandemic.

Investors Have Been Brave During this Pandemic

Hugh F. Wynn

Jul 2, 20202 min read

Investors Have Been Brave During this Pandemic

That pesky COVID-19 virus has caused many folks, young and old, to take a second look at their investment plans.

Forget the Rumors. Social Security is a Good Asset

Hugh F. Wynn

Jun 11, 20204 min read

Forget the Rumors. Social Security is a Good Asset

Can your Social Security stream of income (let’s call it SSSI) be viewed as a bond in your asset allocation?

IRS Relaxes Rules on Healthcare Flexible Spending Accounts

Hugh F. Wynn

May 28, 20203 min read

IRS Relaxes Rules on Healthcare Flexible Spending Accounts

The IRS has relaxed healthcare FSA rules to allow employees to change their healthcare contributions, including dropping them altogether, go

IRS Relaxes Rules on Dependent Care Flexible Spending Accounts

Hugh F. Wynn

May 21, 20204 min read

IRS Relaxes Rules on Dependent Care Flexible Spending Accounts

The IRS has issued new guidelines that allow employers to amend dependent care Flexible Spending Accounts (FSA)s

COVID-19 Forces Far-Reaching Financial Lessons

Hugh F. Wynn

May 14, 20203 min read

COVID-19 Forces Far-Reaching Financial Lessons

The current COVID-19 upheaval in the lives of millions of people, not just in American but worldwide, is a harsh reminder to all of us

CARES Act Allows Emergency Withdrawals from Retirement Accounts

Hugh F. Wynn

May 7, 20204 min read

CARES Act Allows Emergency Withdrawals from Retirement Accounts

Provisions of the recent CARES Act makes it easier for retirement plan participants to take early withdrawals and/or loans from those plans

What if I NEED to Sell Investments During Coronavirus Crisis?

Hugh F. Wynn

Apr 23, 20203 min read

What if I NEED to Sell Investments During Coronavirus Crisis?

When investors panic and sell after a market suffers a big drop they either lock in a loss they create a taxable event.

Beware! The Inflation Monster Can Wreak Havoc on your Retirement

Hugh F. Wynn

Apr 16, 20204 min read

Beware! The Inflation Monster Can Wreak Havoc on your Retirement

The average inflation rate hops around like a floppy-eared jackrabbit over time, but since the early 1900s America’s inflation has averaged

COVID-19 Teeter-Totter: Balancing Our Nation's Health and Wealth

Hugh F. Wynn

Apr 9, 20205 min read

COVID-19 Teeter-Totter: Balancing Our Nation's Health and Wealth

Will the CARES Act help us avoid a recession?

Did You Know? You Don't Have to Take RMDs in 2020

Hugh F. Wynn

Apr 2, 20204 min read

Did You Know? You Don't Have to Take RMDs in 2020

Among the important provisions of the Coronavirus-related CARES Act are waivers for Retirees with withdrawals due in 2020

Coronavirus Crisis: Should I Buy or Sell My Investments, or Neither?

Hugh F. Wynn

Mar 26, 20203 min read

Coronavirus Crisis: Should I Buy or Sell My Investments, or Neither?

When the stock market suffers a “crash” of significant proportions, the most common question asked by those with a position in the market is

Target-Date Funds: Simple, Diverse and Great for the Autopilot Investor

Hugh F. Wynn

Mar 19, 20204 min read

Target-Date Funds: Simple, Diverse and Great for the Autopilot Investor

Target-date funds (TDFs) are offered to investors that seek to grow assets over a specified period of time, usually for retirement.

The Skinny on Non-Retirement Household Savings Accounts

Hugh F. Wynn

Mar 5, 20203 min read

The Skinny on Non-Retirement Household Savings Accounts

During this endless political season – I’m fine with about six months of campaigning instead of two years – there have been some...

The Coronavirus Crisis: Could it Infect the Market?

Hugh F. Wynn

Feb 6, 20203 min read

The Coronavirus Crisis: Could it Infect the Market?

Investors shouldn’t dismiss out the impact of the Coronavirus virus.