Economy & Markets
The important economic and stock market news that advisors need to know.
Christine Benz: Biden Tax Plan Is Wake-Up Call to Trim Portfolio Risk
By Ginger SzalaMorningstar's director of personal finance says advisors need to worry less about taxes and more about concentrated positions.
April 29, 2021
Biden Tax Proposal Would Kick In at Over $500K for CouplesThe new top 39.6% tax bracket, proposed in the American Families Plan, would encompass less than 1% of taxpayers, says a White House official.
April 29, 2021
Shirl Penney: Why Biden's Tax Plans Could Push More RIAs to Sell NowDynasty Financial Partners' CEO weighs in on topics from Bitcoin and going back to the office to the All Blacks rugby team and horse racing.
April 29, 2021
Carson Group Seeks to Sell a Minority StakeCEO Ron Carson insists, though, that the RIA doesn't "want to end up being sold to Goldman Sachs."
April 28, 2021
Fed Upgrades View of Economy While Keeping Rates Near ZeroFed Chairman Powell said the recovery has been faster than expected but "remains uneven and far from complete."
April 28, 2021
Should Lawmakers Block Biden's Infrastructure Bill Over SALT Cap?Two professors debate whether the $10,000 cap on the deduction for state and local taxes should be repealed.
April 28, 2021
World's Top 10 Multimillionaire HotspotsThese cities have the most residents with $5 million to $30 million in assets, according to Wealth-X.
April 28, 2021
Biden Unveils $1.8T Family Plan, Tax Hike ProposalsNotably, the plan does not include an estate tax increase or an expansion of the SALT deduction.