Jeff Gundlach Investing Advice: Hold Cash, Fold Stocks
DoubleLine CEO warns of ‘Pavlovian response’ when turning to risky assets.
Friedman Sees Fiscal Cliff Deal by Christmas Eve, as Obama, Boehner Meet
As Speaker John Boehner and President Obama met Monday morning to iron out further details on a possible deal, political analyst Andy Friedman remains optimistic on a deal by year-end.
Erskine Bowles: 40% Chance of Cliff Deal
Like the lottery, maybe he’s just playing the ages of his kids.
11 Senators Unite on Resolution to Protect Retirement Tax Incentives
With fiscal cliff negotiations putting tax incentives for retirement savings potentially on the chopping block, 11 senators have voiced their support for the employer-based retirement system by joining forces on a Sense of the Congress resolution.
Will U.S. Kick 401(k) Subsidies Off Cliff?
At a time of nearly desperate negotiations to find savings needed to avert the fiscal cliff, ending the taxpayer subsidy–to the tune of $100 billion–of retirement savings accounts seems to many to be a no-brainer.
Sen. Harkin: Fiscal ‘Slope’ Hiding ‘Retirement Deficit’ Crisis
Sen. Tom Harkin, chairman of the Senate HELP Committee, said Thursday that he was confident lawmakers “would address it," and that Congress “may vote on a debt limit extension" on Thursday afternoon.
To Avoid Fiscal Cliff, 401(k) Plans May Fall Off Deep End
Advisor Brett Goldstein says possible deals to cap contributions could shutter plans, hurt low-income employees particularly and see contributions plunge up to 65%.
What Will the Possible Fiscal Cliff Plans Cost Your Clients?
Your bread-and-butter client, an upper middle-class family with two children, earning $147,000 a year, would see their tax bill rise by $7,323 if we go over the fiscal cliff. They would fare better under the plans of the two political parties.
Averting Fiscal Cliff Requires Special Type of Leadership
Harvard University's Ronald Heifetz, the author of widely cited texts on leadership, explains why the president has the upper hand in fiscal cliff talks, and how Democrats need to help Republicans sell compromise back home.
Geithner Says ‘Absolutely’ When Asked About Eliminating Debt Ceiling
Debt ceiling used as a political tool, time to go, says treasury secretary.