Economic Security Planning, Inc. Today’s column addresses questions about the ability to receive spousal benefits after filing early for Social Security retirement benefits, taking Social Security survivor benefits before retirement benefits and whether a survivor’s benefit from a non-covered pension would affect Social Security retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston
Month: July 2020
The Mar-a-Lago estate at the water’s edge in Palm Beach, Florida. The mansion was built by Marjorie … [+] Merriweather Post in the 1920s. Corbis via Getty Images Glenn Parada, the head of an eponymous mortgage empire that recently established its headquarters in Palm Beach, Florida, was born in El Salvador at the peak of
Economic activity fell in all states during first quarter, raising concerns of potential cuts People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst
Cleveland Federal Reserve President Loretta Mester said activity is slowing in her region due to rising coronavirus cases, and she sees more policy help necessary to help the economy through the pandemic. Speaking to CNBC in a live interview Tuesday, the central bank official echoed comments from her Atlanta counterpart, Raphael Bostic, who also said
Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to the Small Business Administration. The PPP loans and grants were part of the $2 trillion CARES Act, which President Donald Trump signed into law this spring. The loans were designed to help small
Jamie Grill | Getty Images I was raised one and two sentences at a time, my father’s clichés serving up life lessons at the kitchen table, after baseball practice or on the way home from school. He didn’t have the patience for long-winded lectures and couldn’t find his voice after biting his tongue at work
Paul Hennessy | NurPhoto | Getty Images For Medicare beneficiaries who are eyeing a move to another state, be sure to consider what your coverage would look like once you get there. Whether you already were planning to relocate or the coronavirus pandemic has sparked the idea, it’s important to know the various Medicare rules
A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Black American consumers are hoping to make the financial and economic community pay attention Tuesday by using the
TOPLINE The stock market finished lower on Tuesday, cutting a five-day winning streak, as investors worry that surging coronavirus cases across the country could derail an economic recovery. Stocks snapped a five-day streak, falling on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was down 1.5%, nearly 400 points, on Tuesday, while
WASHINGTON, DC – JUNE 05: U.S. President Donald Trump shushes journalists before signing the … [+] Paycheck Protection Program Flexibility Act in the Rose Garden at the White House June 05, 2020 in Washington, DC. In the midst of nationwide protests against the death of George Floyd, the U.S. Labor Department announced the unemployment rate
There’s been a lot of analysis and debate on exactly where the stock market is headed in the post-COVID-19 environment. But much less attention has been focused on the housing market. Or more precisely, on whether now is the right time to buy a house. Getty On the plus side, house prices have held steady
Brazilian President Jair Bolsonaro looks on during ceremony to inaugurate the Main Spacial Operations Center (COPE-P) amidst the coronavirus (COVID-19) pandemic at the Comando de Operações Aeroespaciais on June 23, 2020 in Brasilia. Andressa Anholete | Getty Images Brazilian President Jair Bolsonaro has undergone another test for the coronavirus, shortly after the presidential palace said
Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – Novavax was awarded $1.6 billion in funding from “Operation Warp Speed,” the government program aimed at speeding the development and delivery of a Covid-19 vaccine. The money will be used to complete late-stage studies, establish large-scale manufacturing, and deliver 100
krisanapong detraphiphat Americans have lost more than $77 million in fraud related to Covid-19, according to the Federal Trade Commission. But that tally is likely a severe undercount amid an “unprecedented” scope of scams connected to the coronavirus, according to John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League,
Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. Carlos Barria | Reuters The
Success businessman in the city raising his arms, open palms, with face looking up – financial … [+] freedom concepts, double exposure effect Getty Now that we’ve celebrated our Independence Day, you may want to consider another form of independence: financial. Financial independence is about having the freedom to work or not work as you
Prasan Kale is CEO of Rise Buidings, a property technology platform powering connections between people & buildings. Getty For more than 25 years, the real estate industry has engaged in an amenities arms race. It started with conference rooms and fitness centers — table-stakes by today’s standards, unless you live or work in San Francisco or
Major private jet companies receive more than $200 million in government funding An airport ground crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico. Robert Alexander | Getty Images Major private jet companies, including Wheels Up and OneSky Flight, received more than $200 million in
A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to
David Heinemeier Hansson remembers the moment he became a millionaire. He grew up “lower middle class,” so the moment was significant, he said. It was also a let down. “The euphoria I felt when it was finally real lasted the rest of that day. The inner smile remained super wide for at least the rest of
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