Well, I gave Biden some credit back in December for the nice bump that we had seen in the stock market in 2021. I felt obligated to, given how well the market had performed … +27% last year. Still, I noted then that I was worried that Biden wanted to be too helpful and that significant inflation was a real worry. He literally said “help … Continue reading Politicians Too Eager To ‘Help’
I like to tell my son – “my turn running the world is over, it’s your responsibility now.” With Biden now in office, I started looking at what impact the Democratic Party proposals might have on our household. I sold a lot of stock options for cash last year to get ahead of potential changes in tax rates, but that cash will only last so … Continue reading No Impact From Washington DC?
The old saying goes “put your money where your mouth is” and I have a friend who has been betting his political analysis/opinions on the interesting website ‘PredictIt’ this week. As you can imagine, he’s had a wild week! While I made a few friendly wagers (a bottle of wine or 6-pack of beer) with some buddies on the outcome, my friend put major $$$ … Continue reading Betting The Presidency
With the Presidential election this week, I thought I would do a quick portfolio check to see where our retirement portfolio is sitting before the markets react. It seems a big enough change-point, that I would keep track of where we are at – at this moment in time. The good news is that despite the pandemic sell-off in March, we’ve weathered the 2020 storm(s) … Continue reading Election 2020 – Where Are We At?
During the Democratic National Convention two weeks ago, news slipped out that Joe Biden was developing a new tax plan that would rollback benefits for 401K plans. He even had his Economic Advisor speak to it at a panel event at the convention. Like many ‘progressive’ initiatives, this one involves reducing or eliminating 401K tax benefits from higher income households and transferring that benefit to … Continue reading Keeping Up With Election Proposals – Taxing 401Ks