What issues should you be watching as Congress reconvenes? Michael Townsend of Schwab explains what they are and how the market may react. Near-term results for U.S.-China trade may not be possible. That’s according to White House economic adviser Larry Kudlow, who recently offered details on the negotiations. Long-term care costs can greatly reduce your retirement savings. But there’s a way to deduct some of the expenses from your taxes, as Rocky Mengle writes for Kiplinger.
As Congress Returns, What Should Investors Be Watching For? — Lawmakers returned to Washington on Monday after a six-week recess. Here’s a look at six things investors should be keeping an eye on in the weeks ahead. Read more…
U.S.-China Trade Conflict Could Take Years To Resolve: Kudlow — White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October. But he cautioned that the trade conflict could take years to resolve. Read more…
Deduct Expenses For Long-Term Care On Your Tax Return — The staggering costs of long-term care can wreak havoc on your retirement savings. According to the U.S. Department of Health and Human Services, about 27% of Americans turning 65 this year will incur at least $100,000 in long-term-care costs, while 15% will require care costing more than $250,000. But if you require long-term care, you may be able to deduct a portion of the costs on your tax return. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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