Inverted yield curves usually herald a recession. Is this time different? According to Liz Ann Sonders and her team at Schwab, the real question is how long we have until the recession arrives. By December 15, almost all Chinese imports will carry tariffs. The Peterson Institute for International Economics covers 5 things you need to know about how the tariffs will affect you. High net worth clients may now avoid state taxes on their trusts completely. The new Supreme Court ruling means trust planners have a new avenue to pursue, as William Byrnes and Robert Bloink explain.
Schwab Market Perspective: Storm Clouds Building — Recessions are inevitable and occur at the end of every economic cycle, so the U.S. economy is sure to have one. The unknown factor is the amount of time until it arrives, as the lead time from inversion until recession is highly variable. Read more…
Trump’s Fall 2019 China Tariff Plan: Five Things You Need to Know — Delaying the rollout of new tariffs to avoid peak retail shopping seasons may be a sign that President Trump is planning for his tariffs to stay. Here are 5 things you need to know about how the tariffs will affect you. Read more…
New Supreme Court Decision May Change Trust Planning — Although many clients tend to focus heavily on federal income tax planning, for high net worth clients with significant assets in trust, state-level taxes can often throw a wrench into trust planning—adding an extra layer of taxes based on any number of factors, including the residency of the trustee and beneficiaries, as well as the formal location of the trust’s assets. A new Supreme Court ruling could change all that, as ThinkAdvisor explains. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.