Retirement plan savings incentives could look different next year - depending on who wins in November. Biden proposes equalizing benefits through a tax credit (vs. deduction). This article explains how the credit would work:
CNBC.COM
Biden calls for an overhaul of 401(k) tax breaks. What it means for you
Another reminder that politics and investing do not mix via @michaelsantoli.
CNBC.COM
Investors could be overplaying the election as a lasting driver of the stock market, history shows
Many investors are focused on the outcome of the presidential election in November. Don't lose sight of the importance of the Senate election.
BLOOMBERG.COM
Forget the President. Senate May Matter More for Markets
Joe Biden proposes changes to the Social Security system if elected. What are changes and how would they impact you? More here:
CNBC.COM
Here's how Joe Biden plans to change Social Security if he is elected president
Quick synopsis of where Trump and Biden stand on tax policy via @wsj. Key point: neither candidate is likely to accomplish much without full control of Congress.
WSJ.COM
Where Trump and Biden Stand on Tax Policy
If you thought the Fed was going to raise rates any time soon, think again. Chairman Powell says the Fed is willing to keep rates at zero through 2023.
CNBC.COM
Fed picks its side in inflation debate and sends market a message — no rate hikes for years
Reminder: Every family should fill out a FAFSA form! October 1st was the first day families could apply. You never know how your financial situation will compare to the cost of the school your kids may be interested in. More aid may be available than you might expect.
NYTIMES.COM
What a $300,000 College Might Cost a $200,000 Family
Making even one penny over an annual income threshold can mean higher Medicare premiums. Understanding those thresholds and how to plan for them is key to a sound financial plan.
WSJ.COM
That Extra Penny in Retirement Income Can Really Cost You
Ben Carlson looks back at some of the investing lessons learned in 2020:
AWEALTHOFCOMMONSENSE.COM
My 2020 Investing Lessons
A year that was hard to fathom comes to an end with the S&P 500 closing at another record high. If there's one lesson in 2020, it's what we think ought to happen rarely ever does.
Happy New Year!