Wednesday, May 12, 2021
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Biden wants to raise $1.5 trillion by taxing the rich. Here’s how

President Joe Biden addresses a joint session of Congress in Washington on April 28, 2021.Melina Mara | ReutersTaxes may soon be going up for the wealthy.President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax revenue from Americans who make

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Selling assets to avoid a higher capital gains tax? You may trigger another tax

Drew Angerer | Getty Images News | Getty ImagesInvestors fearful of President Joe Biden's proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale.Doing so may inadvertently trigger another investment tax, according to financial advisors. And it's one that kicks in at a

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Jana Small Finance Bank ties up with Axis Securities to offer investment services

Jana Small Finance Bank on Wednesday announced its tie-up with Axis Securities to offer investment services through a 3-in-1 account. The 3-in-1 account integrates Savings Bank Account maintained by Jana Small Finance Bank & Demat and Trading Accounts maintained by Axis Securities, a joint statement said. This account will

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How 401(k) accounts killed pensions to become one of the most popular retirement plans for U.S. workers

About $33.1 trillion — that is how much Americans have saved up for retirement as of September 2020, according to the Investment Company Institute.Around $6.5 trillion of that is held in 401(k) accounts, representing nearly one-fifth of the U.S. retirement market."It's part of what we call ... the three-legged

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Morgan Stanley repays $1.7 million to college savers for high-cost investments

Michael Nagle/Bloomberg via Getty ImagesMorgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition.The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529

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Stock Market tips by Anil Singhvi: Rejig portfolio by shift from small-cap, mid-cap to large-cap shares

Stock Market Tips by Anil Singhvi: The investors should look to shift focus from small-cap and mid-cap stocks to large-cap shares for better returns, suggests Zee Business Managing Editor Anil Sighvi. However, the Market Guru maintained that one should continue to maintain stock specific strategy. Singhvi said that in

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