The Vaccine Economy

How well the world economy recovers from the pandemic will depend largely on the number of people who receive the vaccine. For that reason, the U.S. isn’t just dependent on its own citizens getting vaccinated; all other countries need high numbers as well. According to Kristalina Georgieva, International Monetary Fund chief, vaccine policy will be…

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Midyear Market Outlook

In its midyear review, market analysts at Charles Schwab say that economic growth in the United States may have peaked in the second quarter of this year, and it believes China experienced its peak in the fourth quarter of 2020. However, Schwab is bullish on Europe’s prospects for the rest of this year. It notes…

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Leaving a Legacy: 3 Differences Between Life Insurance and Roth IRAs

Life insurance and Roth IRAs have a basic structure in common: they are both wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. Despite their similarities, life insurance and Roth IRAs are very different, and the rules that apply to one…

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Survival of the Fittest

The coronavirus pandemic worsened income and wealth disparity in the U.S.1 However, if you were on a good path for retirement planning and financial stability, chances are you were in the group that came out ahead. According to the latest Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), a majority of retirees and workers…

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Understanding QBI (Qualified Business Income) Tax Deduction

One of the provisions included in the Tax Cuts and Jobs Act of 2017 was the Qualified Business Income (QBI) deduction. It is designed as a tax break for small businesses or self-employed individuals and is comparable to the enhanced tax breaks legislated for larger companies. However, while the corporate tax changes are made permanent,…

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Tax Season Reminders

In late 2020, Congress passed the Consolidated Appropriations Act, which included many tax provisions and extenders as well as additional COVID-19 stimulus relief. For example, the ability to deduct up to $300 in charitable contributions if the taxpayer doesn’t itemize has been extended for an additional year. The business meal deduction has been increased from…

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Vaccines and the Stock Market

If there’s one thing that can move the economy and stock market forward, it’s hope. This year, that hope is being presented in the form of COVID-19 vaccines. Economists and Wall Street analysts have long proclaimed that comprehensive economic recovery is not possible until we have contained the virus. The prospect of wide distribution of…

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Biden Presidency and Your Retirement

Joe Biden has become the nation’s 46th President.  Kamala Harris has made history as the country’s first Black, female and South Asian Vice President. With a new President in office, it’s a good time to revisit Joe Biden’s retirement policy proposals: Revising Retirement Plans Revise tax incentives for retirement plans to encourage more Americans to enroll,…

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Will the Presidential Elections Impact Your Retirement?

One thing is for sure:  uncertainty leading up to the presidential elections can affect the stock market and cause the economy to fluctuate.  What does this mean for your retirement?  Is there anything you should be doing now to avoid a potential dip in your retirement nest egg?  Is there a correlation between who sits…

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