Author Bio
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries.
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Today marks the beginning of the presidential administration of Joe Biden. But it doesn t mark the beginning of the stock market s run in anticipation of the transition in power. That arguably began after Election Day. Since Nov. 3, 2020, the
S&P 500 index has jumped by a double-digit percentage.
Many stocks have delivered solid gains over the last couple of months. Some, though, are in a better position than others to outperform the overall market over the next few years. Here are three unbeatable stocks for a Biden bull market.
Image source: Getty Images
This year is the mid-point of phase one of the Canada Pension Plan (CPP) enhancements. It’s a crucial change for CPP pension users, as it affects paychecks again in 2021. The contribution amounts are higher due to the increase in contribution rates.
CPP users must note that the enhancements are in two phases. The first phase is from 2019 to 2023. Thus, expect higher contribution rates in the next two years. After this year’s increase, the employee and employer contribution rates are 5.7% and 5.95%.
Higher pay cut
As a result of the higher $3,166.45 maximum employee and employer contribution ($6,332,90 for self-employed), the annual Year’s Maximum Pensionable Earnings (YMPE) will also increase. From $58,700, it will now be $61,600. You can no longer make additional CPP contributions if your income is above the YMPE.
The Globe and Mail Investor Newsletter
The investment opportunities of the massive consumer spending binge ahead. Plus, portfolio tips for the start of the Biden era Published January 18, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Health-care workers are the warriors of the pandemic, but everyone has endured hardship to some extent. This makes the current strong financial health of the North American consumer almost shocking, and paves the way for an explosive jump in retail spending as vaccination continues and lockdowns end.