As the US and many other countries discuss raising individual income taxes, private placement life insurance comes again into focus. Its always been a mechanism to legally hide investments from taxes, but now it is receiving a renewed interest from even less wealthy individuals.
A bullish fund manager feels a return to normalcy will send US markets higher as companies reinstate their dividends. Meanwhile, August employment data (Non-farm Payrolls) showed job growth slowing at the same time wage inflation outpaces expectation. Stagflation has returned to the economists vocabulary, making Jerome Powell’s FOMC decisions more difficult.