A question that many Americans are asking now is what can we expect to see implemented from President Biden’s tax plan?
While year-end chatter typically revolves around market prognosticators and analysts making predictions about what will happen next year (how did that work out in 2020?) we would like to take time to reflect on how we helped clients navigate a historical year for the markets and economy.
So, what does the $900 Billion Covid-19 stimulus package mean for you? Here is a quick summary of the highlights.
With 2020 coming to a close, it is important to ensure year-end planning items are completed before December 31.
At the end of 2019, we made the case for a Value comeback that boiled down to three points:
Medicare is something that impacts millions of seniors every year and is understood by few. There are many layers to Medicare and important decisions that need to be made. Retirees (as well as those working past age 65) are left to educate themselves to make the best health care choices for their situation.
Financial Advisor, Financial Planner, Wealth Advisor, Wealth Manager, Wealth Planner are a few of the job titles investors are forced to decipher while they search for a professional to oversee their life savings. What services do they offer? What are their credentials? What approach will they take to managing my investments? These are just a few examples of the important questions that need to be answered before agreeing to enter a relationship with an advisor.
Warren Buffett was on CNBC last week just as the market rout due to coronavirus concerns was escalating. Asked about the situation, his advice for investors was timely:“Don’t buy or sell your business based on today’s headlines.”
Stocks sell-off. It is an inevitable, even healthy feature of stock markets. Currently, markets are moving lower due to fears that the Coronavirus will slow down the global economy.