The likelihood of a Democratic party takeover of at least one house of the U.S. Congress in the midterm elections in November is prompting some portfolio managers to move more money to cash and rotate away from sectors like financials and technology that could see greater regulatory scrutiny. Fund managers from Federated Investors, OppenheimerFunds, and
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Share to facebook Share to twitter Share to linkedin In our book, “The Retirement Maze”, we reported on the results of a survey of more than 1400 retirees (I’m a retired research psychologist and pollster). We looked into how well they adapt to their new stage of life, and what can be done to make
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This study was published in collaboration with the Badger Institute of Wisconsin. The Badger Institute is a nonpartisan, not-for-profit institute established in 1987 working to engage and energize Wisconsinites on key public policy issues critical to the state’s future, growth, and prosperity. Key Findings: On June 21, 2018, the U.S. Supreme Court handed down a
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CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker
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With individual tax rates down, a new boogeyman is haunting investors: inflation worries. Those were the findings from the American Institute of CPAs’ Personal Financial Satisfaction Index, which measures investors’ “financial pleasure” or “financial pain” based on a range of economic factors, including personal taxes, inflation, job openings and real home equity. Overall, the Personal
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The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell, have already raised interest rates twice this year and pointed to two more increases before the end of 2018. Yet just
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Capital stock taxes, sometimes referred to as franchise taxes, are levied in sixteen states. Not to be confused with corporate income taxes, which are levied on a business’s net income (or profit), capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, businesses must pay a capital stock tax regardless
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