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The SECURE Act was supposed to help strengthen retirement security, expand the accessibility of retirement accounts, and enhance the preservation of savings for every American citizen. Although touted as a retirement enhancement, it has done the opposite for your long-term planning.

When listening to the daily news it seems hard to be optimistic. Hospitals are overwhelmed. The total number of citizens infected with Covid-19 reaches new milestones. Cooped up and isolated, most everyone is dealing with Covid fatigue. Yet the stock markets seem to relentlessly trend higher. Why?

2020...what a year with unprecedented scenarios that were ever-changing. A deadly virus is spreading unchecked throughout the country. A government-mandated shutdown caused a brutal recession that triggered widespread layoffs and sharp declines in corporate profits. The result - the fastest bear market in history.

An underlying current not widely acknowledged is the disconnect between the stock market and the economy. As a student of the markets over many decades, I have always found it important to visit stores and listen to business owners.

This pandemic has impacted everyone's lifestyle. Our conversations are often centered on the core issue. This is one illness that money cannot cure. For those in high-risk demographics of age or health, the objective is to simply stay alive through the pandemic.

A friend eloquently described what we are facing. "We are in a difficult storm, but each of us is riding it out in different boats." Americans face many cross currents. Some boats are full of small children, while others have family members with health issues.

Over the past few months, we have been observing strange market behavior. The focus on central bank stimulus and reopening America has blotted out every consideration guiding equities.

For the last few weeks, the markets are trading as if the COVID-19 is no longer a threat to the world economy. Traders have placed this virus in the rear-view mirror, seeing an economy rapidly returning to normal. The markets are always forward looking, but there are more hopes than facts to support a euphoria.

Some perspective is needed on this market decline. News reporters kept mentioning this market plunge is the fastest on record, taking only 17 days to drop 20%. Nearly every seasoned investor will recognize these reporters chose great headlines over facts.

A real Black Swan event triggers a market correction. This particular correction is interesting due to its speed and intensity. As most of you know, I have been looking for the market to experience a real correction for some time.

As we age, our most important goal is to stay healthy. This includes keeping our memory sharp. To maintain a sharp memory, there are important steps that everyone should follow.

In 2019, there was no shortage of market headwinds. The year started off with talk of a global recession. Then we began a trade war with China, the world's largest trading partner. Add to this a politically weakened President being impeached.