U.S. – China trade negotiations are affecting the markets. Analysts are closely watching today’s congressional testimony by U.S. Trade Representative Robert Lighthizer, as MarketWatch reports. There may be relief on the horizon for people struggling with student loan debt. A bipartisan bill has just been reintroduced in the Senate allowing employers to contribute up to $5,250 tax-free annually to employees’ student loan debt repayments. Will your heirs lose much of your IRA to taxes? David Robinson, founder and CEO of RTS Private Wealth Management, explains how they can preserve their inheritance.
Stock Market Slides As Investors Eye Lighthizer, Powell Testimonies — U.S. stock benchmarks retreated Wednesday morning amid separate congressional testimonies from U.S. Trade Representative Robert Lighthizer on the topic of U.S.-China trade negotiations and a second day of Congressional hearings featuring Federal Reserve Chair Jay Powell. Read more…
Employer-Paid Student Loan Repayment Help Could Be Coming — With U.S. student loan debt totaling a staggering $1.5 trillion nationally, it’s second only to outstanding home mortgage debt for American households. But one idea that could provide some relief for indebted students is now gaining bipartisan support in both the House and Senate. Under legislation reintroduced in the Senate last week, employers could contribute up to $5,250 tax-free annually to employees’ student loan debt repayments. Read more…
Here’s How To Prepare Your Heirs For The $68 Trillion ‘Great Wealth Transfer’ — Baby boomers are set to pass to their children a mind-boggling $68 trillion — the biggest generational wealth transfer ever. Much of that wealth is held in individual retirement accounts. Any mistakes in the transfer of those funds can result in a big tax bite out of that inheritance. By understanding the rules before acting, heirs of IRAs can plan in ways that avoid unnecessary taxes and assure continued tax-deferred growth. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller