Month: February 2021

Traditional IRAs and Roth IRAs both offer tax-advantaged growth of money. The contribution for both account types for 2021 is $6,000, or $7,000 if over age 50. Which is better depends on a few factors. Some people are simply not eligible to make a Roth IRA contribution. Other people may not be able to deduct a Traditional IRA contribution, making it a less attractive option. For those who have a choice, it mostly comes down to when you pay taxes on the money.

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"As we emerge out of the shortest but deepest economic recession in modern history sparked by the coronavirus pandemic, we enter 2021 with investor optimism running high," said Bob Doll, CFA, senior portfolio manager and chief equity strategist at Nuveen. "The reopening of the economy combined with increasing consumer and business confidence should create a positive backdrop for equity markets in 2021, but the key question is how much of this good news has already been priced into the markets." For over 30 years, Bob Doll has published an annual set of 10 predictions for the equity markets, monetary policy, and global economy. Click below to see his predictions for the coming year.

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