How would a trade war between the U.S. and China affect stocks? The Schwab Market Commentary looks into its potential to derail market confidence and impact the economies of both countries. More investors are realizing the triple tax benefits of Health Savings Accounts (HSAs). Roger Young discusses the importance of having the right strategy to take advantage of the program. As future tax revenue for the US treasury is lowered, Medicare and Social Security are being placed in jeopardy. MarketWatch covers the necessary steps to shore up the programs seniors depend upon.
Trade Tensions Heat Up: What Does It Mean For Investors?- Last Friday, Trump made good on his threat, unveiling plans to impose tariffs of 25% on $50 billion in Chinese products, $34 billion of which is set to go into effect on July 6. Despite the health of the U.S. economy, markets are understandably wary of an all-out trade war between the United States and China. Are we indeed headed there? And if so, what are the implications? Read more…
Using Health Savings Accounts Wisely– Health savings accounts (HSAs) are rightfully viewed by financial planners as a powerful retirement savings tool with unmatched tax benefits—if used properly. Savers should consider a range of strategies with HSAs. Read more…
New Warnings About Cuts To Social Security And Medicare– You’ve spent a lifetime paying into Social Security, but there’s no guarantee that you’ll get out of it what you’ve put in. In fact, the way things are looking today, the odds aren’t looking too good. The federal government last week admitted that for the first time since 1982, it needs to dip into Social Security’s trust fund to pay for the program this year. You can interpret this as a warning that—absent action from lawmakers and this or the next few presidents to prop up the system—things could soon get worse—perhaps a lot worse. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller