Practice

The president-elect's pledge to repeal President Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.

With a divided government, some proposals are bound to change as part of the give-and-take of the legislative process, writes Skip Schweiss.

Clients should save political beliefs for the polling place and letters to elected representatives; don’t let them cloud your investment decisions, writes financial planner Kimberly Foss.

Big changes to regulations and retirement planning could be in the mix following the Democrat’s election victory.

With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past four years could gain traction.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

“Their top holdings are focused on those companies that have benefited in a post-COVID world,” an expert says.