Did Bill and Melinda Gates decide to get divorced now because of potential changes in the tax law? That’s the speculation in the wealth management community, where many advisers are discussing proposed changes in the tax laws with their clients.
The Gates family fortune is primarily tied up in their foundation and will continue to be jointly ...Read more
The latest economic numbers reflect strong growth but no headline inflation. The Fed can’t find enough inflation to worry about. The gold market, which traditionally rises as a hedge against inflation, can’t seem to find inflation either. So, why worry about inflation?
Well, maybe we’re not looking for inflation in the right places. We ...Read more
The pandemic has revealed some uncomfortable truths about aging. Social realities have a new perspective. And financial costs are suddenly more apparent — both to those growing older and those who might become their caregivers.
The pandemic has awakened all generations to the perils of isolation for themselves as well as their parents or ...Read more
The federal government is in the process of sending out nearly $300 billion in stimulus payments of $1,400 each to qualifying recipients. And soon it will start sending $250 per month — per child — to low-income families for the new $3,000 annual child care credit. Also, many people who do not pay taxes will be sent an earned income tax ...Read more
When it comes to college and money, everyone is focused on getting money for college this year or wondering whether the new administration will forgive some student loans of the past. But with the tax return deadline now pushed to May 17, you might want to also focus on the tax implications of scholarships, loan payments and that pile of ...Read more
Have you checked your credit score lately? It might have improved during the pandemic, and there are steps you can take to help that process along. In fact, many people are at a critical moment when they can either raise their scores or revert to their old spending habits.
While we know that many families are struggling, there’s evidence that...Read more
The Internal Revenue Service has postponed the deadline for filing income taxes for 2020 to May 17, 2021, giving Americans a chance to avoid this unpopular topic for an extra month. Most states that have an income tax have fallen in line. But those first quarterly estimates are still due on April 15 and June 15.
Did your eyes just glaze over at...Read more
As the stock market makes new highs and headlines, the pundits continue to debate which stocks will outperform. And how high could the stock market go? Or will a bear market wipe out all recent gains?
You’ll get wide disagreement among market professionals on these issues. Even worse, some people now think the stock market is just a "game" to...Read more
In the midst of the pandemic, the subject of health insurance has been pushed to the background, even as millions have lost their jobs and their health insurance at the same time. But one of the first acts of the Biden administration was to reopen HealthCare.gov — the health insurance marketplace established by the Affordable Care Act, or "...Read more
While all eyes are focused on the rising stock market, the bond market is staging a quiet rebellion. Interest rates are rising inexorably, despite pronouncements from Fed Chair Jerome Powell that there is no inflation in sight, at least for the next three years.
Still, bond buyers are demanding slightly higher interest rates, especially when it...Read more
If you’re the parent of a student headed off to college in the fall (hopefully not virtually), you are about to make some big money decisions about how to pay for college — and whether the cost is worth the ultimate price.
The good news is that because of COVID-19, the balance of power has shifted dramatically this year. Colleges suddenly ...Read more
Who ever dreamed that Roblox and Fortnite would be the "gateway drugs" to stock speculation? But it's hardly a surprise that a generation that grew up on video games — honing their quick decision-making skills and even paying real money to purchase "extras" — would suddenly turn to "playing" in the stock market!
No amount of rational ...Read more