How will a government shutdown affect your portfolio? Goldman Sachs strategists have analyzed shutdowns since 1980 to forecast the results if it happens again. The need for investors to update their tax plans is urgent. Theresa Marx of Financial Advisor notes the new tax laws are slated to go into effect soon, and it’s best to prepare now. There’s a 50% chance you’ll never need long-term care. But what if you do? There are ways to cover the tremendous expense, as Sarah O’Brien explains for CNBC.
History Shows Stock Market Disregards Debt Limit, Shutdown Talk –Stock investors tend to ignore debates over the U.S. debt limit and a potential government shutdown, content that Congress will eventually pass essential legislation. While analysts at Goldman Sachs Group Inc. expect a repeat in the next month, they warn that shares of companies most-dependent on government revenue could suffer. Read more…
Getting To The Finish Line Before Tax Reform — On September 13, 2021, the House Ways and Means Committee introduced their proposals for tax legislation to help pay for the Build Back Better Act. It’s important for investors to understand the potentially complex implications of the proposals, so any necessary planning can be done before the legislation is effective. Read more…
The Need For Long-Term Care Varies Widely — The American Association for Long-Term Care Insurance says you may never need it. But if you do, the monthly costs can be eye-popping. There are several ways to prepare for the eventuality. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller