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Why Wall Street is unhappy with Trump's pick for Fed chair AxiosKevin Warsh Has a Tough Job Ahead. It's Not the First Time. The New York TimesKevin Warsh's Three Tasks: Shrink the Fed, Tame Inflation, Manage the President. The Wall Street JournalHow a Famed Economist Views Kevin Warsh for Fed Chair PoliticoWhy Gold and Silver Crashed After Trump Named Fed
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Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
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Historically, U.S. workers with a bachelor's degree or higher have enjoyed better employment outcomes. That's starting to shift, labor data shows.
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The federal tax collector seems poised to run out of funding on Saturday, just days after it started processing 2025 income-tax returns.
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Warburg Pincus has exited supply chain execution and planning systems specialist Softeon to IFS, a provider of industrial AI software.
The post Deal Roundup: Warburg exits warehouse software supplier Softeon, OpenGate completed ScioTeq sale to Tikehau appeared first on AltAssets Private Equity News.
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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