Month: November 2020

Seniors MoMo Productions | DigitalVision | Getty Images It’s a common end-of-year refrain: Don’t forget to take your required minimum distribution. But, just as with everything else in 2020, rules for RMDs, as they are generally known, are different this year. Seniors don’t have to take them. The CARES Act passed by Congress in March
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“I’m going to spend less this month.” We’ve all said these words at some point in our lives. But changing your bad money habits isn’t easy. Most of our impulsive spending happens when our brain is on autopilot. The solution is to implement both short-term and long-term strategies which upend our reactive spending routine.  From
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CNBC’s Jim Cramer said Thursday he believes some on Wall Street have become too optimistic about the market in the face of surging coronavirus cases and hospitalizations, suggesting investors will find better entry points into stocks. “I think there’s too many people who are positive. I think you let it come in a little,” Cramer
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President-elect Joe Biden delivers remarks in Wilmington, Delaware, on Nov. 9, 2020. Angela Weiss | AFP | Getty Images President-elect Joe Biden ran on a platform that included proposals to shore up Social Security benefits while extending the program’s solvency. How his administration and the next Congress take shape will help determine just how many
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Extinction Rebellion environmental activists protest around Bank Junction in the financial district on the 7th day of their ‘October Rising’ campaign on October 14, 2019 in London, England. Ollie Millington | Getty Images The Federal Reserve is going green, and that could mean a substantial change for the way financial institutions have to prepare for
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The former U.K. chancellor Philip Hammond. Getty Images Corporations, foreigners, and rich people could be the answer to the £40 billion ($52.7 billion) hole in the U.K.’s public finances caused by the coronavirus pandemic. Philip Hammond, the former U.K. chancellor says that government borrowing will take the lion’s share of the debt burden until after
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German Health Minister Jens Spahn told CNBC on Wednesday it’s “too early to say” whether the country will extend its partial lockdown beyond the month of November, contending more time is needed to determine if the latest round of coronavirus restrictions has adequately reduced transmission. “We need patience, actually, because the numbers of today actually
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