More Businesses Raise Wages, Give Bonuses in Wake of Tax Cuts

More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans’ tax reform bill. An email from House Speaker Paul Ryan’s press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have announced raises, bonuses, and other improvements for employees. In moves that may defuse efforts to… Please follow and like us:

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Trump economy: False predictions from the left

ANALYSIS/OPINION: Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans – which is very good news for the 55… Please follow and like us:

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Bitcoin Is an Implausible Currency

Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous column I tackled the question of whether… Please follow and like us:

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These Are the Biggest Threats to Investors, State Regulators Say

State securities regulators will be busy policing new and emerging scams in the new year. The North American Securities Administrators Association has just released its annual survey of state securities regulators’ top five current investment practices, products or schemes they’ve encountered over the past year as well as what they see as “emerging” threats in the… Please follow and like us:

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Warning to Veteran Advisors: Your Old Model Won’t Cut It With Millennials

Blunt message to veteran financial advisors: No way do millennials want FAs whose goal is to sell them products. They want advisors who focus on meeting their needs, as Eric Roberge, 38, a successful four-year “virtual advisor” targeting professionals in their 20s, 30s and 40s, told ThinkAdvisor in an interview. Roberge is unquestionably representative of the… Please follow and like us:

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7 Disturbing Findings About 401(k)s, IRAs

Moving from defined benefit pension plans to defined contribution plans has not done the average U.S. worker any favors. In fact, it’s made retirement more of a gamble—will there be enough money, or for that matter, any money, available when the time comes to leave the job behind? A new study from the Center for Retirement… Please follow and like us:

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Tax Cuts and Jobs Act: Here are the key takeaways you need to know

Now that the Tax Cuts and Jobs Act was unveiled by House Republicans on November 2, we’re beginning to get the outline of what the tax bill could mean for everybody from corporations to average Americans. At this early stage, we know that corporations will see a lower tax rate of 20% and lower taxes on… Please follow and like us:

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House tax bill will cap mortgage interest deduction, leave 401(k)s unchanged

WASHINGTON — The House GOP tax plan would dramatically lower the cap on mortgage interest deductions used by many Californians to loans on newly purchased homes totaling no more than $500,000, down from the current $1 million, according to a draft of the plan released Thursday. It would also immediately slash the corporate rate to 20… Please follow and like us:

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Republican rollout of tax plan most likely delayed as talks continue

WASHINGTON — On the eve of a self-imposed deadline to unveil their tax-cut bill, House Republicans were still arguing Tuesday evening over key elements, including how fast to cut corporate rates, which state tax deductions to eliminate and whether to impose new caps on popular 401(k) retirement accounts, according to people familiar with the negotiations. GOP… Please follow and like us:

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Republicans Consider Giving No Tax Cut to the Super Rich

Congressional Republicans, nervous about losses in revenue that would b caused by tax cuts, are considering keeping the top tax rate of 39.6 percent on the very rich. Congressional Republicans are also reportedly considering capping 401(k) contributions — something that could irk middle-class workers and investors — but President Donald Trump said on Monday the proposal… Please follow and like us:

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