Which Stocks Will Gain the Most from a Coronavirus Vaccine?

When we get a coronavirus vaccine, will life go back to normal? Or has the pandemic created a new normal that will remain even after the disease retreats? It’s a question many industries are grappling with right now. For example, commercial landlords wonder the extent to which companies will permanently switch to a work-from-home model. Wall Street, for its part, seems bullish on a return to life as we knew it. On yesterday’s news of a vaccine breakthrough, investors pushed up shares of companies that stand to benefit the most, such as airlines and cruise ships, and punished those that might be hurt, such as Zoom. Learn about yesterday's winners and losers in today’s edition.

This week in our Retire with Money Facebook group, a member posted this Volkswagen ad from 1969, urging consumers to “live below your means.” It prompted a wave of nostalgia, with comments such as, “I had a green '64 bug with a moon roof as my first car, bought it for $900 in 1972 .. couldn't put $5 of gas in it even when it was just about empty. Was wonderful during the gas shortages and rationing!” One member had an interesting observation: “I love that ad, versus today's ever present ‘you deserve it!’” And another noted that live below your means “should be the tagline for this whole group. This is step #1 to a comfortable retirement.” I couldn’t agree more!

Evaluating your investments through a tax lens can improve your after-tax returns. Tax-smart investing techniques, such as tax-loss harvesting, monitoring holding periods, and investing in municipal securities, may help you defer near-term taxes or reduce your tax bill so that your money can stay invested and has the potential to grow. Morningstar estimates that a hypothetical investor who did not employ a tax-smart strategy gave up an average of 1% to 2% of return per year to federal income taxes for the 93 years from 1926 to 2018. Click below to learn about 3 tax-smart saving techniques.

The long-time Jeopardy host, who died over the weekend, explains why he didn’t like the term “fighting” cancer. NEXT AVENUE

More than half of remote workers don’t realize there could be problems if they didn’t adjust their state tax withholdings to reflect their new location. CNBC

Longer life spans prompted a recalculation of required minimum distributions, which will decrease starting in 2022. KAPLAN FINANCIAL EDUCATION

Many students won’t go back to school, and their lifetime earnings will suffer. BLOOMBERG WEALTH