"We want to signal our support for credit-sensitive rates alongside SOFR. There's a lot of work being done on having a rate that looks and feels like LIBOR," according to a BofA representative.

Restaurants and hotels are looking at their debt service and restructuring their organizations to emerge, ready for business, on the other side of the pandemic.

The speed and consistency of the economic recovery will depend on political stability and continued vaccination progress.

Jeffrey Levine and other advisers discuss how investors, including non-millionaires, should prepare for this potential tax increase.