Getty Images When a person passes away, it’s not unusual for them to leave behind some unpaid debt. So what happens to those remaining balances? It depends. Upon death, a person’s assets — no matter how meager or massive — become their “estate.” This includes everything they own: financial accounts, real estate and possessions. And,
Month: August 2020
There is one thing about the current pandemic about which there is no controversy—seniors are most vulnerable. With every warning and every description of preventive measures telling seniors to self-isolate, stay home, and avoid others, there is an inevitable consequence: loneliness. Loneliness among elders was problematic before Covid-19. Now it is worse. And lip service
Almost $130 billion in PPP funds remain available, even for businesses that have reopened getty Small businesses still have until August 8 to apply for potentially forgivable loans via the initial Paycheck Protection Program (PPP), which was extended from its original June 30 deadline. While the Continuing Small Business Recovery and Paycheck Protection Program Act, part
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Unemployment levels nationally were at 14.7% in April 2020, reaching as high as 30.1% in Nevada during that month. The recent unemployment rates now are at the highest levels since the Great Depression. However,
A Starlink user terminal, which would connect consumers to the company’s satellite internet service. SpaceX SpaceX said Starlink, its nascent satellite internet service, has already seen “extraordinary demand” from potential customers, with “nearly 700,000 individuals” across the United States indicating they are interested in the company’s coming service. Due to the greater-than-expected interest, SpaceX filed
Budrul Chukrut | SOPA Images | Getty Images Pharmaceutical giant Merck beat Wall Street expectations in the second quarter and raised its overall earnings guidance for the year, saying Friday that the worst of the coronavirus pandemic is behind it. The company, which is racing to develop two potential vaccines as well as a treatment to fight
The coronavirus pandemic has highlighted the need for emergency preparedness, including with your money. Half of U.S. households lost income due to the economic fallout of the coronavirus pandemic, according to a recent Bankrate survey of over 3,700 Americans conducted in June. That’s why it’s critical to have an emergency financial aid kit, said Winne Sun, managing
Couple buying a new house. PeopleImages | Getty Images A Roth individual retirement account is often cited as a way to save for your golden years. It could also help you buy a house. In a nutshell, up to $10,000 in earnings can be withdrawn from such an account — free of both taxes and
getty Are composite plans, that is, risk-sharing plans that protect participants from outliving their assets even if employers are no longer willing, or even able, to make this guarantee, a part of the future of retirement? I’ve no doubt of that. Is every component of the legal structure of the enabling legislation, the GROW Act,
A Twitter logo is seen on a computer screen in this photo illustration on October 31, 2017. (Photo … [+] by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images Internal Revenue Service – Criminal Investigations (IRS-CI) has announced charges against three individuals for their alleged roles in the Twitter hack that occurred on July 15, 2020.
Time and again, agents cite culture and kinship as mattering as much to them in their choice of a … [+] firm as money. And money, even venture money, doesn’t last forever. getty How does a real estate brokerage succeed in the COVID-19 world? Of course, it’s about the agents who choose to associate and
Students move out of their dorm at the University of Michigan on March 17, 2020 in Ann Arbor, Michigan. Gregory Shamus | Getty Images Hotels near college campuses are looking to students to fill vacant rooms as the coronavirus pandemic casts uncertainty over the fall semester and demand from travelers remains depressed. From Syracuse, New
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its revenue fell 41% during the latest quarter, but overall its results came in better than the retailer was expecting thanks to an e-commerce boost. It was a strong online business that buoyed
A Monzo debit card being used at a payment terminal. Monzo British digital bank Monzo said Thursday that its annual losses more than doubled and warned its ability to continue operating had become more uncertain due to the coronavirus pandemic. The start-up reported an annual post-tax loss of £113.8 million ($149.5 million) in its 2020
Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., spearheads the nation’s largest bank – serving almost half of U.S. households with $3.2 trillion in assets and managing over 250,000 employees across the world. And like many successful executives – from Amazon CEO Jeff Bezos to Tesla and SpaceX CEO Elon Musk – Dimon starts his day with a routine. After
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims. John Sommers II Individuals receiving unemployment benefits this year could face a tax surprise in 2021: owing Uncle Sam or receiving smaller refunds. Some 1.43 million people filed for unemployment last week, according to the
By Richard Eisenberg, Next Avenue Managing Editor getty Ever since I wrote the viral 2017 Next Avenue post, “Sorry, Nobody Wants Your Parents’ Stuff,” I’ve been a little obsessed with Americans’ love/hate relationship with their possessions and downsizing. So, I was fascinated to read University of Kansas sociology and gerontology professor David J. Ekerdt’s new
UNITED STATES – AUGUST 31: Historic Broad Street shops, Rome, Georgia (Photo by Carol M. … [+] Highsmith/Buyenlarge/Getty Images) Getty Images The controversy over syndicated conservation easements tax shelters has raised its ugly head in the Congressional race in the 14th District in Georgia. Barring a blue wave miracle, representation of the district in Congress
Pre-covid, a table in an active adult community developer’s welcome center shows remaining inventory … [+] in various sections. Photographer: Patrick T. Fallon/Bloomberg BLOOMBERG NEWS Florida has had some well-publicized challenges lately, but homebuilders statewide are seeing a continued rebound of demand from buyers that surprises even them. Building company executives and owners I’ve spoken
Adm. Brett Giroir, director of the U.S. coronavirus diagnostic testing, testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, U.S., June 30, 2020. Kevin Dietsch | Reuters A report claiming the Trump administration scrapped plans for a national coronavirus testing strategy to make Democratic governors in some of