Coronavirus Vaccines and the Economy

Provided by David Nicholas November 23, 2020 As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued world.1 A positive reaction to these vaccines affects every aspect of human life, including the…

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Weekly Economic Update: Market Anxieties Despite Anticipated Vaccines; Limited Economic Activity

Presented by David Nicholas November 23, 2020 Weekly Market Update In this week’s recap: New COVID-19 infections drive market anxieties, despite anticipated vaccines; Fed Chair Powell warns that continued infections may limit economic activity for months. The Week on Wall Street Despite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over…

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Annual Financial To-Do List

Provided by David Nicholas November 23, 2020 Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building…

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End-of-the-Year Money Moves

Provided by David Nicholas November 18, 2020 Here are some things you might consider before saying goodbye to 2020. For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. Did you start…

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The Social Security Administration Announces 2021 COLA

Provided by David Nicholas October 13, 2020 What you should know about the most recent cost-of-living adjustment. On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin with benefits payable to more than 64 million Social…

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2021 Limits for IRAs, 401(k)s and More

Provided by David Nicholas November 18, 2020 Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s The salary deferral amount for 401(k)s remains the same at…

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Weekly Economic Update: COVID-19 Vaccine Spurs, Market Rallies

Presented by David Nicholas November 16, 2020 Weekly Market Update In this week’s recap: A COVID-19 vaccine spurs a stock market rally, even as more cases are reported and some areas renew lockdowns. The Week on Wall Street News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in…

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Election 2020: Biden’s Policy Initiatives

Potential proposals and their legislative requirements. Now that several major news groups have projected Joe Biden the winner of the presidential election—and Congress appears divided with Democrats in control of the House and Republicans the Senate—it’s a good time to review what type of legislative support would be needed to pass certain proposals. The key…

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