The American Rescue Plan Act provides billions in federal stimulus to states and local governments.
April 7, 2021
Wealth Management Ideas
Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.
April 7, 2021
2020 rankings in Barron's Best Fund Families
(published February 2021)
#3 out of 44
#14 out of 50
#22 out of 53
Refinitiv Lipper fund awards
Best Fund in the International Large-Cap Value Fund category
(R6 shares/PIGWX among 33 funds over 5 years)
(Y shares/PNGYX among 29 funds over 10 years)
Equity Insights | April 1, 2021
Don’t be afraid of the inflation bogeyman
We look at the impact of rising inflation on equity performance, industries that could thrive, and strategies for positioning portfolios.More »
Capital Markets Outlook | Fixed Income Outlook
Headlines you need to know this week — April 6, 2021
Investors may not pay back emergency withdrawals A recent survey found that 70% of individuals who withdrew money from retirement accounts under the CARES Act do not plan, or are unable, to pay the money back. In addition, 18% of respondents said they plan to repay some of the money back to their accounts and 13% said they will pay it all back. Among those who took a loan or withdrawal, only 10% said they are now financially stable. More than half said they expect it will take two to five years to recover.
Student loan debt can be issue at any age College debt impacts all generations, according to a recent report. Adults age 50 and older held 22% of the $1.6 trillion in student loan debt in 2020. Their debt has more than doubled from 10% in 2004. In March, the government extended a provision to suspend loan payments until September 2021. The report estimated that more than $300 million in debt is not eligible for the suspension and could exclude up to 3 million older debt holders.
Gender differences in consumer confidence Consumer confidence is on the rise. A poll of consumer confidence last week reached its highest level since the pandemic began. During the past year, women’s confidence levels have lagged each week. In some weeks, men and women were separated by 10 percentage points, the report stated. The pandemic also had varying impacts, with 5.4 million women losing their jobs compared with 4.4 million men.
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