Will the current stimulus bill be signed by President Trump? He has demanded an increase in stimulus checks, but Congress has veto-proof majorities that could override a rejection from the White House. MacKenzie Sigalos of CNBC covers the details of the bill and your eligibility. Schwab’s forecast for 2021 has been released, with a focus on new opportunities for investors. Who should have your power of attorney? Beware of choosing anyone who will inherit, cautions Rick Kahler. He shares the case history of a man who chose his niece.
Trump Demands Congress Increase Second Stimulus Check From $600 To $2,000. Here Are The Chances Of That Happening — While the president did not outright threaten a veto of the $900 billion Covid relief bill, he did call it an unsuitable “disgrace.” But if you are one of the people eligible for a stimulus check, don’t get your hopes up. The legislation passed both houses of Congress with veto-proof majorities, meaning that Trump is powerless to raise direct payments from $600. Read more…
2021 Schwab Market Outlook: On The Path To Recovery — As we move into 2021, we may see another dip in economic activity in the near term, but the longer-term outlook appears brighter. Easy monetary and fiscal policy, combined with an anticipated COVID-19 vaccine rollout beginning in the first half of 2021, may lead to a strong rise in economic and earnings growth. New market leadership often comes with a new cycle, so we may see a continued shift toward areas that have lagged recently. Read more…
Be Careful When Naming A Power Of Attorney — Financial planner Rick Kahler says, “One of my saddest professional experiences came recently when one of my long-time clients, a man in his late 80s with no immediate family and few close friends, was diagnosed with Alzheimer’s.” Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller