This latest round of tariffs goes right to consumer goods. As prices rise, how will it affect our economy? Liz Ann Sonders of Schwab offers analysis on whether economic expansion may be curtailed. Individual investors stand to win big if a new bipartisan retirement savings bill passes the Senate. Michael T. Townsend looks into the benefits it may confer on seniors. The fiduciary rule that helped protect investors from exaggerated claims about investments is gone. Investors need to be more cautious now, as Ethan Schwartz of Bloomberg explains.
How Could the U.S. Economy Be Impacted by Tariffs? — The US economy is driven 70% by consumer spending. Liz Ann Sonders of Schwab analyzes the impact that tariffs are having, and will potentially have, on the economy. Read more…
Retirement Savings Bill Passes House, Awaits Senate Action — Bipartisan retirement savings legislation is currently moving through Congress and stands a real chance at becoming law this year. Legislation recently was approved by the House of Representatives, and optimism is high that the Senate will approve the bill this summer. Read more…
These Ads Could Be Bad for Your Financial Health — Insurers selling annuities commonly omit information that could make competing investment vehicles look stronger. The Trump administration has abandoned the “fiduciary duty rule,” which would have limited the sale of certain retirement products that weren’t in savers’ “best interest,” and would have required some financial advisors to show their clients potentially better investment options. What should investors do? Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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