by Daniel White | Sep 7, 2021 | Economy
September 7, 2021 President Biden hasn’t been able to pass many tax increases. We should all be happy. One tax benefit that remains (for now) is the continuation of the so-called “step up basis” when inheriting an asset. If repealed, the economic consequences would be...
by Daniel White | Aug 23, 2021 | Economy
August 23, 2021 Today’s market often elicits the acronym TINA – there is no alternative – as in there is no alternative to stocks if you want to make money. I don’t agree. Taking on immense risk isn’t everyone’s cup of tea. To such people, I say take solace, there are...
by Daniel White | Aug 16, 2021 | Economy
August 16, 2021 According to Fidelity, a 65-year-old, opposite-gendered couple retiring this year can expect to spend $300,000 in healthcare and medical expenses throughout retirement. For single retirees, it’s $157,000 for women and $143,000 for men. That’s a lot of...
by Daniel White | Aug 9, 2021 | Economy
August 9, 2021 The government keeps telling us the inflation is “transitory,” or temporary. But is it? The Commerce Department reported the consumer price index (CPI) jumped to an annualized rate of 5.4% in June, the highest level since August 2008. Core CPI, which...
by Daniel White | Aug 2, 2021 | Economy
August 2, 2021 The quest to tax private wealth experienced two recent victories. First, at the G7 meeting in England, world leaders (including President Biden) endorsed the creation of a new worldwide tax regime, starting with a 15% global minimum tax on all...
