As the markets react to political changes, investors are cautioned not to change their investment strategy. The Chief Investment Officer at Schwab discusses the economy and whether investors should be swayed by the political environment. President Trump’s proposed budget is based on 3% growth, but is that realistic? CNBC takes a look at the factors influencing economic growth, and why 3% may be out of reach. High-earning investors may believe they don’t qualify for a Roth IRA, but you can still save taxes in retirement through IRA conversions. Mike DeWitt of Brightworth shares the details.
Unprecedented! Or Maybe Not?- Recently U.S. markets were roiled by so-called “unprecedented” political issues but bounced back quickly. “Investing based on political winds is not likely to be a successful strategy and we urge focus on economic and earnings fundamentals” says Liz Ann Sonders, Chief Investment Officer at Schwab. Read more…
Trump Needs GDP Growth, But One Of His Favorite Policies Works Directly Against Him– Trump’s proposed budget only works if the United States hits — and maintains — 3 percent growth. But simple economics may get in the way. Read more…
Backdoor IRAs: Another Way To Save On Taxes In Retirement– There is a great strategy that high-earning households could be overlooking that may save significant taxes in retirement: setting up a Roth individual retirement account and funding it with a conversion from an after-tax regular IRA account. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller