Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
In light of a weakening U.S. dollar, BlackRock is encouraging advisors and investors to rethink asset allocations.
As advisors seek tax-efficient income solutions amid shifting rate environments, the Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) emerges as a compelling option. This actively managed fund focuses on qualified dividend income across preferred securities, institutional bonds, and European contingent convertibles, potentially offering investors half the tax burden of traditional bond income while maintaining investment-grade credit quality and accessing complex securities typically reserved for institutions.