Today President Trump will sign a ‘Phase One’ China trade deal. What will it mean for the manufacturing sector, for farmers and other exporters? Scott Horsley covers the agreement. High net-worth people often underestimate their spending by up to 50%. But there are ways to better control it, as Michael S. Farrell explains for Kiplinger. The SECURE act brings the biggest changes to retirement saving in a decade. Kelton Corcoran summarizes the highlights of the bill, which went into effect on January 1 of 2020.
Trump To Sign ‘Phase One’ China Trade Deal, But Most Tariffs Remain In Place — A year and a half after launching his trade war against China, President Trump will sign a partial truce on Wednesday. He’s agreed to relax some of the tariffs he imposed on Chinese imports. In exchange, Beijing has agreed to buy more American products and make other changes. Treasury Secretary Steven Mnuchin concedes that the “phase one” agreement does not achieve all the reforms the administration sought, but says it is the first time they’ve had a comprehensive agreement with China. Read more…
Wealthy People Need Budgets Too: It’s Called Cash Flow Management — Ultra-high-net-worth individuals underestimate their spending by 25% on average — and sometimes by as much as 50%. Successfully managing your spending and personal cash flow is key to meeting your short- and long-term financial goals. The Managing Director for SEI Private Wealth Management Michael S. Farrell explains how to get control of your spending. Read more…
Key Elements Of The SECURE Act — Everyone’s retirement savings will be affected by the act, which became law on January 1 of this year. Kelton Corcoran of Advicent highlights the changes in the new law, from required minimum distributions to the elimination of the stretch IRA. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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