Economic Security Planning, Inc. Today’s column addresses questions about possibly filing early to Avoid potential future rate cuts, determining which income years SSA is using to calculate your benefits and potential effects of part time work while receiving disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Month: August 2020
FHFA, which oversees the two mortgage-buying enterprises Freddie Mac and Fannie Mae, is now … [+] mandating that multifamily property owners with government-backed loans in forbearance inform renters about the eviction protections the policy extends to them. getty After Congress let the CARES Act eviction moratorium lapse late last month, the Federal Housing Finance Agency
Democrats and Nancy Pelosi have been fighting to provide tax relief for homeowners hurt by the Trump … [+] Tax plan of 2017. Getty Images One of the most annoying parts of the Trump Tax Plan (TCJA 2017) was the $10,000 cap on State and Local Tax (SALT) Deductions when filing your federal tax returns.
Atlanta Falcons running back Todd Gurley catches a pass during a strength and conditioning NFL football workout Monday, Aug. 3, 2020, in Flowery Branch, Ga. John Bazemore | Pool | AP The deadline for players to opt out of the upcoming National Football League season has officially passed, and more than 60 individuals have decided
2021 Toyota Sienna models Toyota Toyota Motor eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line. However, shares in Japan’s top automaker rose 2.3% in a weaker broader market as analysts had expected a loss, while comments from a company
A top currency strategist is predicting an ugly quarter for the dollar. Brown Brothers Harriman’s Win Thin warns the nation’s inability to contain the coronavirus pandemic as effectively as other countries is spooking the market. “This is one of the rare occasions when Europe will actually outperform the U.S.,” the firm’s global head of global
In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 virus continues to spread across
Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company
Cabania | iStock | Getty Images Plus When the U.S. government sent out urgent stimulus checks this spring, some people who had already died received money. Now it seems another ineligible group may be getting checks: foreign workers. Reports surfaced this week that a number of those recipients are now living in their home countries.
US President Donald Trump answers question during a press conference in the Brady Briefing Room of the White House in Washington, DC, on August 5, 2020. Olivie Douliery | AFP | Getty Images Even if President Donald Trump were to push out a payroll tax holiday via executive order, there’s no guarantee workers will pocket
Have you received a Form CRS in the mail from the investment firm(s) you do business with? This is a brand-new disclosure document mandated by the U.S. Securities and Exchange Commission. Why A New Disclosure Document? I’ve been talking to my readers about Form CRS since the SEC first came up with the idea of
Mortgage rates reached another low this week, helping to keep rising interest rates in check getty Mortgage rates have hit yet another record-breaking low, this time falling to 2.88% on 30-year, fixed-rate loans. That’s down from 2.99% last week and 3.60% a year ago. It’s the lowest average rate ever recorded, according to mortgage purchaser
Computer keyboard enter key with a magic quick fix button concept for it support, technical … [+] assistance and customer service getty Did you get the wrong amount in your stimulus check? Help may be available sooner than you think. Initially, the Internal Revenue Service (IRS) advised that individuals who received the wrong payment amount
Coronavirus relief bill discussions continue Thursday as Congressional Democrats and the White House negotiate legislation that would assist Americans amid the pandemic. After Wednesday’s negotiations yielded no agreement, the White House threatened to act on its own to provide coronavirus relief. The following data was compiled by Johns Hopkins University: Global cases: More than 18.8
Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain. Bundrul Chukrut | LightRocket | Getty Images Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, powered by its popular chicken sandwich, reported same-store
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator lost 61 cents per share for the second quarter, wider than the 31 cents a share loss that Wall Street analysts had been anticipating. Revenue was also below estimates, with Hilton suffering from the pandemic-induced drop
Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer. The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity — dropped 57% in July compared
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
For college students heading back to campus this month, life will be decidedly different. For example, at Middlebury College in Vermont, the school’s 2,500 undergraduates are required to quarantine for two weeks before returning to school and get tested immediately upon arrival. After their Covid-19 test, they can move into their dorm room but must
(Photo by Ben Birchall/PA Images via Getty Images) PA Images via Getty Images The Covid-19 pandemic derailed the world’s plans. Weddings, family visits, and business trips have been postponed or cancelled. But of all the derailed plans, the most important are older workers’ retirement plans. Here there are no redos—you only get one shot at
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