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.
The modern purpose trust is dynastic or long term in many states and can be established for almost any legal purpose. Purpose trusts can provide a great vehicle to protect assets near and dear to the family in perpetuity.
MFS Investment Management launched its first suite of five actively managed ETFs in December 2024, extending proven mutual fund strategies into the fast-growing active ETF market. The transparent funds span U.S. equities, international equities, and fixed income, managed by the same seasoned professionals overseeing MFS’s existing vehicles. With simple tickers like MFSV for value and MFSG for growth, advisors can access familiar strategies in a new structure that aims to offer daily liquidity and tax efficiency.