Is the stock market nearing its peak for this cycle? Liz Ann Sonders of Schwab analyzes the current trend and offers a forecast. There’s news about how high earners will be affected by a tax increase in the proposed budget. Alex Padalka writes about what to anticipate for Financial Advisor IQ. Grandparents were scammed of $11.5 million in 2020. In a video, Thomas Brewster of Forbes explains how they can avoid becoming victims.
Is The Stock Market Disconnected From The Economy? — Much as the stock market tends to anticipate coming economic strength, it also tends to anticipate when economic strength is peaking. In other words, the discounting nature of the stock market works both ways. Read more…
Biden’s Budget Proposal Includes Retroactive Changes To Capital-Gains Tax — The $6 trillion budget, released on Friday, includes raising the top capital gains tax on households earning more than $1 million, from 28.8% to 43.4%. It may be retroactive, as Alex Padalka explains. Read more…
Grandparent Scams: How Fraudsters Steal Millions From The Elderly Each Year — Older people are frequently the target for scams concerning their grandchildren. In 2020, the FBI reported 485 cases totaling approximately $11.5 million. There are ways to avoid becoming a victim, as this video from Forbes explains. Watch the video…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller