Daily Reads 6/6/2019
Hi, everyone. The new rule passed, dubbed “Regulation Best Interest” will lower the standards for investment professionals. Peloton just filed for their IPO. We take a look at new HSA limits. An interesting study shows we’re spending more time on our mobile devices than we are watching TV. And we feature an interesting piece on one’s financial advice to their new daughter.
The new rule, dubbed “Regulation Best Interest,” passed on a 3-1 vote, lowering the standards for investment professionals down to the standards of the brokers, instead of trying to raise up the standards of the brokers to those of the investment professionals.
Peloton Interactive, the on-demand fitness company best known for its connected indoor cycling bike, has officially announced plans to go public after months of CEO John Foley teasing that an IPO in 2019 would “make a lot of sense.”
The new limits for health savings accounts (HSA) for 2020 are going up $50 for individual coverage and $100 for family coverage, the IRS announced last week, bringing them to $3,550 and $7,100, respectively. The catch-up contribution limit for those over age 55 will remain at $1,000.
Consumers’ use of smartphones will continue to make up the majority of their media consumption, but we predict that use will plateau by 2020, as consumers become increasingly uneasy about overuse of mobile devices.
It is easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life.