Financial and Economic Brief - June 1, 2021

by © Liberty Publishing, Inc.

The Biden 2022 $6 Trillion Budget – Will it Produce Record Inflation?

The Biden Administration has proposed one of the largest Budget spending bills since the WWII economic era. Many economic experts are suggesting that if Congress does not rein it in that inflation may return with a vengeance. The Country is already witnessing rising prices in many sectors of the economy although it is difficult to accurately determine what that percentage rate is. However, fuel, housing, and building supplies are just a few gauges by which we are able to make a calculated guesstimate. Here is a breakdown of how the money will be spent.
more...

How a Cut in the Gift and Estate Tax Exemption Will Affect You

The current Gift and Estate Tax Exemption is a healthy $11.7 Million per individual and $23.4 Million per couple for 2021. That makes it possible for most Americans to transfer their hard-won assets to their children or other heirs. However, if the exemption were to be cut in half, now we have an entirely different story. Hypothetically, the new tax dragnet will apply to a significantly larger number of taxpayers; and that is basically the idea. It is surely a wise idea to reexamine your estate plan in light of the potential changes to the tax code.
more...

Is it Possible that the US Federal Government Will Issue its Own Crypto Currency?

Crypto currencies, of which there are presently around 4,000, have an equivalent value of about $2 Trillion (Bitcoin being the largest). Congress is taking notice after realizing there is no stopping the growth of crypto around the world. Several Congressional leaders have proposed a bill to establish a task force to study the efficacy of launching a Federal digital currency as well as other salient issues. There are many challenges that need to be analyzed by a whole host of players before the report is issued. The goal of many is to make certain the we are keeping up with technology or at least we appear to be.
more...

Our Location

David C. Grimaldi, MBA CFP®

115 Glastonbury Blvd.
Glastonbury, CT 06033
ph: 860.734.0421
fax: 860.734.0401
David.Grimaldi@IFPadvisor.com

Request Information

Please let us know how we can serve you.




Latest News

Financial and Economic Brief - September 1, 2021

• A $3.5 Trillion Budget Spending Bill - PASSED the House – The House has narrowly passed a huge budget while also cementing in a date to pass a $1.5 trillion infrastructure bill.

• What is the Future of the Pharmaceutical Industry? – The worldwide value of the pharmaceutical is approximately $1.2 Trillion.

• 2021 Year-end Tax Strategy – Get a jump on filing your income taxes as early as possible this year since there have been many tax changes resulting from new tax legislation.

Financial and Economic Brief - August 1, 2021

• 2021 Q3 – The latest Economic Forecast? – Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021.

• “For the 99.5% Act” strategically introduced by Senator Bernie Sanders – Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans.

• The E-Vehicle Revolution – When the Internet started, many didn't believe it would have unprecedented influence that took place over such a short period of time.

Financial and Economic Brief - July 1, 2021

• The Decline of Lumber Prices – How Will it Affect Home Prices? – The price of lumber futures has dropped dramatically over the past few months.

• Businesses are Faced with a Labor Shortage – Is it Temporary or Long-Term? – It would have been almost impossible to predict the hiring dilemma that many businesses currently face.

• The Federal Ban on Evictions and Foreclosures is Scheduled to End on July 31, 2021 – Evictions and foreclosures only affect a relatively small percentage of the American population.

Financial and Economic Brief - June 1, 2021

• The Biden 2022 $6 Trillion Budget – Will it Produce Record Inflation? – The Biden Administration has proposed one of the largest Budget spending bills since the WWII economic era.

• How a Cut in the Gift and Estate Tax Exemption Will Affect You – The current Gift and Estate Tax Exemption is a healthy $11.7 Million per individual and $23.4 Million per couple for 2021.

• Is it Possible that the US Federal Government Will Issue its Own Crypto Currency? – Crypto currencies have an equivalent value of about $2 Trillion.

Financial and Economic Brief - May 1, 2021

• Top Combined Capital Gains Tax Rates Would Average 48% Under Biden’s Tax Plan - If new Capital Gains tax rates go into effect it will mean a huge tax increase not seen since the 1920’s.

• Crypto Currency is Reaching a Mainstream Audience – For those considering investing or buying Crypto Currencies there is a bit of a learning curve involved in making such a decision.

• Mortgage Rates and Home Purchases Continue to Fluctuate - Over the past few weeks demand for new housing and new mortgages has shown a slight decline.

Financial and Economic Brief - April 1, 2021

• What You Need to Know About the New “American Rescue Plan Act” - Learn about the economic benefits of this act passed by Congress and signed into law by President Biden.

• Funding Infrastructure Revitalization May Fall on the backs of Corporations and the Wealthy – Pundits have observed that many of America’s infrastructures are in serious need of repair/replacement.

• What Should You be Considering when Investing in 2021? - There is absolutely no foolproof way, strategy or guarantee to successfully invest in the stock market.