Before deciding on whether to mandate a COVID-19 vaccine at the workplace, there are a number of considerations that an employer should bear in mind. This includes costs from securing the vaccinations or side effects that may result in needing paid leave. There are also the financial and practical implications associated with a mandate.
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Although the future is unpredictable, we do know that financial planning can allow families and their advisors to operate from a position of strength and resilience, no matter the changes that lie ahead. In this video, the Baird economic analysts and financial planning specialists look at how the economic landscape impact your finances in 2021 while highlighting wealth planning opportunities to consider.
In this Family Philanthropy Speaks conversation, Jeff and Tricia Raikes join Nick Tedesco to discuss how they have changed practices and acknowledged privilege throughout their donor journey. Jeff shares the value of diversifying their network, which opens the doors to new grantees and opportunities for impact. Tricia describes a revelatory moment that changed her views on youth homelessness and notes the need to embrace discomfort as she grapples with her own understanding of racial inequity.
Family business research in the U.S. and around the world has increased dramatically over time, as the importance of family firms continues to become more and more salient to business school faculty and key decision makers in both industry and politics. With this latest research and update in almost 20 years, it addresses and explores the actual impact of family businesses on the U.S. economy.
Investors shouldn't let taxes prevent them from choosing better investment options. Transitioning to a tax-managed SMA may help minimize upfront tax cost and provide opportunities over time to reduce tracking error against a preferred benchmark. The combination of this tax efficiency, along with ongoing tax management, allows investors with different tax and investment situations to more readily achieve their near-term and long-term asset allocation and investment goals.
When an off-the-shelf solution doesn’t cut it, responsible investors can turn to customized separately managed accounts (SMAs) to build portfolios that align with their values, including expressing their individual ESG views. With an SMA, investors can also gain the market exposure they’re seeking through portfolio construction, active ownership, or a combination of the two.
Investors look to the municipal market for both quality and diversification. They were rewarded in 2020 when the municipal market proved resilient despite a challenging economic environment. The strength of the municipal credit quality surprised many. And the CARES Act provided much-needed support to a municipal bond market reeling from COVID-19. What’s coming next now that the Biden administration is setting to work?
The pandemic’s economic and social fallout have permanently impacted both the nature of the workplace and women’s opportunities within it. Working practices have become more flexible, new leadership traits are coming to the fore, and the need for a diverse workforce and inclusive culture has never been more apparent. In these extraordinary times, agile, forward-looking businesses will recognize this moment of change as a chance to evolve and thrive.
President Biden’s tax proposals, while not enacted, are important to review and consider before any planning strategies are implemented in 2021 as they represent potential changes to current tax laws. The table in this article identifies key areas of income and transfer tax law affecting individuals and families, workers, corporations, and pass-through business entities, as well as those estates potentially subject to federal estate tax.
Over the last ten years, U.S. growth stocks have outperformed U.S. value stocks by an average 7.8% per year. This has led some to question the existence of the value premium. However, for U.S. investors with the appropriate risk budget, time horizon, and patience, the overweight to value stocks could help overcome a lower-return environment over the next decade.