|
“‘It’s not a rainy day fund’: Why it’s smart to build a ‘me fund,’ according to a CFP” I think it is a great idea to have an intermediate savings bucket, or a “me-fund,” that exists in excess of your emergency savings but is not earmarked for any future dated purchases or for retirement. We all like to splurge on ourselves, buy gifts, or take the occasional vacation with family and friends. Having a healthy saving habit allows you to have funds set aside for these luxuries without racking up the credit card debt or sacrificing retirement savings.
”Tax the Rich Is Actually a Popular Bipartisan Stance, Poll Shows”
People might not like paying taxes, but the majority of voters in seven swing states say they favor raising taxes on billionaires and those earning more than $400,000. With the tax changes from the Tax Cuts & Jobs Act set to expire in a couple years, marginal tax rates will go up across the board assuming there are no changes between now and then. However, there could be further increases given the bipartisan support for increasing taxes on the wealthy. Taxes are likely to be a hot button issue in the upcoming election, but there might be more support for taxing the wealthy than previously thought. “The Randomness of Global Stock Returns” It is difficult to predict future returns by looking at the past, as shown by the performance of global markets since 2004.
|
