Americans, and Their Money, Flee High-Tax States
Much is said about businesses' growth driving state economies. But cash brought by tax migrants from other states may dwarf their revenue.
The Modern Family Advisor: What the Repeal of DOMA Could Mean for Clients and Your Practice
The legal and financial world has been changed for same-sex couples, and the implications for advisors in guiding those couples are nearly as dramatic.
Booming Housing Market Boosts U.S. Economy
With new home sales 29% higher than a year ago and home prices rising, the real estate market has established itself as a leading force in buoying the U.S. economy.
Gas and Cigarettes: The Tax Sticks That Keep On Hittin’
A look at how federal and state taxes hit car owners and smokers: are they meant to change behavior or just raise revenue?
Jeremy Grantham: Not as Much Stock Doom With GDP Gloom
In his quarterly letter, GMO’s chief market pessimist Jeremy Grantham reviews new data related to “likely lower GDP growth”—and presents a positive outlook.
10 Worst Districts for Women’s Pay Revealed; Senators Push Paycheck Fairness Act
Senate democrats gathered on Capitol Hill Wednesday to push for passage of the Paycheck Fairness Act, legislation that would help close the pay gap between women and men working equivalent jobs.
Insurance Trounces Retirement in Small-Business Benefit Offerings
A little over half of small businesses offer insurance or retirement benefits to their employees, according to research released Monday by LIMRA.
401(k)s Have $70 Billion Problem: Report
A new report that found in 2010, loans, early withdrawals and penalties all added up to $70 billion taken from 401(k)s prior to retirement age.
Wealthy French, Average Americans, Continue to Flee High Taxes
While France’s most famous actor, Gerard Depardieu, is the latest person to flee the country because of a wealth tax set for 2013, new data from the U.S. Census Bureau suggests that ordinary Americans with average incomes continue to flee high-tax states.
Jeremy Grantham: Growth as We Knew It ‘Gone Forever’
Grantham, the doomsaying hedge fund manager, says data make clear we’re in a new era of 1% growth; echoing Research Affiliates’ Christopher Brightman’s observations.