Getty Images In the long-term, the stock market doesn’t care who gets elected president. In the short-term, however, the stated policies and promises of each candidate offers a potential upside for stocks in certain industries. Here are the industries financial professionals suggest you should focus on in Joe Biden’s first term. The Firearms Sector This
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Broker/Owner of Commercial Professionals in Las Vegas for over 25 years, professional speaker and author of The Successful Woman’s Mindset. getty A question that I often hear from clients in my commercial real estate business is: Do you have any off-market properties for sale? Investors are interested in real estate that fits their exact specifications and deals
Economic Security Planning, Inc. Today’s column addresses questions about when Social Security uses the annual earnings test rather than the monthly test, when to contact Social Security in order to switch from a survivor’s benefit to a retirement benefit and how spousal and survivor’s benefits are calculated. Larry Kotlikoff is a Professor of Economics at
Countries have not yet come to a consensus on how to safely restart travel amid the coronavirus crisis, and this could cost the global economy trillions of dollars, according to the chief executive of Dubai Airports. “We don’t have an agreed testing procedure for a reliable, accurate and scalable test, and that needs to happen,”
Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images SINGAPORE — HSBC, Europe’s largest bank by assets, on Tuesday reported a 36% year-on-year fall in third-quarter pre-tax profit in the third quarter as it attempts to recover
SelectStock | Getty Images When asked whether they want a second $1,200 stimulus check, most Americans will say yes. But Washington lawmakers aren’t so sure. The fate of those payments and other additional coronavirus stimulus aid — namely additional enhanced federal unemployment benefits and loans for small businesses — has been up in the air
How much money should go to the tax collector when you die? getty The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means an individual could leave $11.7 million to heirs
The burden is on you to stuff your retirement piggy bank. getty How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021. The basic salary deferral amount for 401(k) and similar workplace plans remains flat at
Rent this home and the entire mountain with Vrbo’s book the mountain listing. Vrbo Vrbo, a vacation rental website, has created the ultimate vacation rental listing: a ski-in/ski-out vacation rental that comes with a private ski mountain for just $100 a night. Beginning Oct. 30 at 1 p.m. Eastern time, entrants will have a chance
A waiter prepares to close a bar-restaurant on Piazza Navona in Rome on October 26, 2020, as the country faces a second wave of infections to the Covid-19 (the novel coronavirus). Tiziana Fabi | AFP | Getty Images The World Health Organization warned Monday that some countries may need to shut down their non-essential businesses
Check out the companies making headlines midday Monday: Dunkin’ Brands — Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there’s “no certainty that any agreement will be reached.” The New York Times reported that the
SDI Productions | E+ | Getty Images Set aside your panic over post-election tax policy and focus on something you can control: your 2020 tax bill. It’s no secret that Democratic presidential candidate Joe Biden has an extensive list of tax proposals, including higher taxes on households with more than $400,000 in income and lowering
2021 marginal income tax rates Individual Income Tax Rates Single Married Filing Jointly Head of Household 10% 0 to $9 950 0 to $19 12% $9 951 to $40 525 22% $40 526 to $86 375 24% $86 376 to $164 925 32% $164 926 to $209 425 35% $209 426 to $523 600 37%
It’s smart to think ahead and plan for the time in your life when you might need care. getty Pre-retirees face several potential risks during retirement that require their focused attention and planning, such as outliving their money, stock market crashes, inflation, and the high cost of medical bills. Now the COVID pandemic has exposed
Certain elements of any commercial real estate transaction will tend to drive up the legal fees. RANJAN SAMARAKONE Commercial real estate clients regularly complain about legal bills, both because they think the hourly rate is too high and they say the work took too many hours. It’s a compelling demonstration of the incredible power of
The news that Goldman Sachs is paying nearly $3 billion in the 1MDB mess was accompanied by news that the firm will claw back millions from top executives. The massive almost $3 billion settlement with U.S. authorities is over Goldman’s role in the 1MDB debacle, where a $6.5 billion Malaysian investment fund was looted. Most people
Dr. Scott Gottlieb on Monday warned that the United States is “at a tipping point” in its coronavirus pandemic, as the nation recorded all-time high levels of Covid-19 cases in recent days. New coronavirus cases in the U.S. set a one-day record of 83,757 on Friday and reached nearly that amount on Saturday. More than
Check out the companies making headlines before the bell Monday: Dunkin’ Brands (DNKN) — Dunkin’ shares rallied more than 15% in the premarket after the company said it was in talks to be acquired by Inspire Brands, the owner of restaurant chains Arby’s and Jimmy John’s. The New York Times said a deal would take
krisanapong detraphiphat | Moment | Getty Images Health-care coverage and costs are top of mind in this election year, and one of the loudest arguments between Republicans and Democrats is the claim they will protect people with pre-existing medical conditions. What does this really mean and why is it so important for your personal finances?
Does it matter for stocks who wins the White House? Is there anything unusual about the candidates this year that could impact the markets, regardless of who wins? For answers, we turn to Ed Clissold, chief U.S. Strategist for Ned Davis Research, who has studied elections and the impact on markets going back to 1900. This