Understanding These Loans Before You\’re on the Hook Posted by CopyTeam In June, Congress overturned a set of regulations enacted in late 2020 by the Office of the Comptroller of Currency (OCC). The nullified rules end a payday lender practice that was referred to as a “rent-a-bank” scheme. The rule stated that to …
A big change for 529 plans, including non-parent owned accounts Posted by CopyTeam Congress is known for passing enormous bills with lots of little-known provisions that are not entirely central to the key objectives of the bill. Alas, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 is one of them. It contains …
What’s the Future for Products and Services Made in America? Posted by CopyTeam Reshoring Advances Manufacturing Supply Chains to Generate Good Jobs – Companies Evaluate Their Global Strategy According to a recent survey of supply chain professionals, the COVID-19 pandemic interrupted 98% of global supply chains. Among the most disruptive supply challenges was the …
How to Withdraw Funds – The Right Strategy Will Depend How Much Money You Saved Posted by CopyTeam As hard as retirement saving and investing may seem, that’s the easy part. The real challenge is figuring out how to make your accumulated savings last throughout your and your spouse’s retirements. You need a retirement …
Keys to Better Aging Posted by CopyTeam Thelma Sutcliffe turned 114 years old in April, making her the oldest living American and the seventh-oldest person in the world, according to the Gerontology Research Group. The Omaha, Nebraska, resident attributes her relatively good health and longevity to the fact that she never had children, never …
A Hybrid Trend Emerges from the Remote Work Model vs. In-Office Work Model Debate Posted by CopyTeam Jobs data can be confusing. For example, the New York Federal Reserve reported in May that among businesses active before the pandemic, 35% remain closed, only 3% of service businesses still closed were likely to reopen, and only …
How COVID and the Vaccine Continue to Impact the Markets and Economy Posted by CopyTeam How well the world economy recovers from the pandemic will depend largely on the number of people who receive the vaccine. For that reason, the U.S. isn’t just dependent on its own citizens getting vaccinated; all other countries need …
Putting Inflation Expectations in Perspective Posted by CopyTeam Historically, inflation has been highly correlated with unemployment levels. When more people were out of a job, inflation was lower. As more people got jobs, inflation increased. From an economic point of view, this makes sense. Jobs increase income, which increases spending, which increases demand — …
Positioning for a New Economic Landscape Posted by CopyTeam In its midyear review, market analysts at Charles Schwab say that economic growth in the United States may have peaked in the second quarter of this year, and it believes China experienced its peak in the fourth quarter of 2020. However, Schwab is bullish on …
The holiday shopping season is the most crucial time of the year for retailers Posted by CopyTeam Even with lockdowns, fewer parties and reduced travel, the National Retail Federation reports that in 2020, Americans spent $209 billion on holiday-related purchases — averaging about $998 per person.1 If it seems a bit early to be …