Here's new research on tax avoidance among the very rich, the logic that millionaires use when buying equities, considerations for plan sponsors when estimating income from 401(k) balances, and a worst-case scenario for future tax rates.
'At about $16 trillion in value, the Chinese market has become too big to ignore as it grows in bond indices and offers higher yields than in the other large economies,' writes our guest columnist.
Canadian firm buys Ohio National for $1 billion; Net income of life/annuity industry fell almost 50% in 2020; New index annuity income rider from AIG; SIMON adds First Trust Target Outcome ETFs; KKR, owner of Global Atlantic, reports earnings; Voya, Morningstar in managed accounts partnership; A 'longevity' biotech SPAC.
If you empathize with retired truckers, coal miners and their unions, you'll love the American Rescue Act's $86 billion provision for patching up their underfunded pensions. Otherwise you might not.
'To protect its sterling image, and its share price, Goldman made false statements that it always acted in its clients’ best interest and carefully managed its conflicts,' said a consumer advocate, with regard to the bank's dispute with a pension fund.