By David Scranton, Founder, Sound Income Strategies
The country has a new president, a president whose economic views differ greatly from his predecessor in many ways. What does this mean for you and how will the Biden Presidency impact your retirement? With all of the new changes going on, you may be asking If Investing Should Be Part of Your Retirement Plan.
What Does a Biden Presidency Mean for Your Retirement Plan?
President Biden’s proposed changes to 401(k) retirement savings plans would have a major impact on the tax break provided to plan participants. If the plan were to become law, the tax deduction for contributing to a 401(k) would be replaced with a tax credit. This change would likely result in high earners getting less of a tax break on their 401(k) retirement savings, with low- and middle-income earners getting a bigger tax benefit.
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In an early focus on active management, as far as stocks picking back, Ward explains how the last decade may have been challenging for active managers on a relative basis due to the biggest market cap companies being the best performers. As a result, it made for a hard dynamic for active managers to compete with.
For Gabelli, as Ward states, “The key to our performance in our existing Gabelli growth and global growth mutual funds has been finding names outside the mega-caps that have generated alpha.”
Looking forward, as mega-caps have become less correlated and more companies outside tech are embracing technology to level the competitive landscape, active managers are now in a better position to capitalize on the times.
February 24, 2021
Japanese stocks are among the best-performing developed markets fare, a theme dating back to last year. Investors can join in the fun with the
QLVD’s quality screen analyzes a broad universe of equities based on key indicators such as profitability, management efficiency, and cash flow, and then excludes the bottom 20% of stocks with the lowest quality score. The index is then subject to the regional, sector, and risk-factor constraints in order to manage unintended style factor exposures, significant sector concentration, and high turnover.
Finally, Japanese stocks are shaking out of a lengthy slumber, one caused in part by unfavorable currency conversions against the U.S. dollar.