getty With the markets reacting to the recent Presidential election, now might be the perfect time to explore the option of rolling your current or former employers’ 401(k), 403(b), or profit sharing retirement plan to an Individual Retirement Account (IRA). There can be some major benefits to rolling your 401(k) plan into your IRA, but
Month: November 2020
Travelers wearing protective masks wait in line to go through security at San Francisco International Airport (SFO) in San Francisco, California, on Monday, Nov. 24, 2020. David Paul Morris | Bloomberg | Getty Images With Covid-19 deaths rising rapidly and daily new cases and hospitalizations both reaching all-time highs, epidemiologists and public health officials are
Federal Reserve officials took part in a detailed discussion about their asset purchase program during the meeting earlier this month, at which some members said they expect several changes to be enacted. The Fed on Wednesday released minutes from its Nov. 4-5 policy meeting. Officials at that meeting voted to keep benchmark short-term borrowing rates
Tiffany & Co. gift boxes seen in a store window. Alex Tai | SOPA Images | LightRocket | Getty Images Many Americans are spending their days working from home in leggings and casualwear during the coronavirus pandemic. They have few, if any, parties or gatherings where they dress up — never mind show off a
SpaceX prototype rocket Starship SN8 stands on the company’s launchpad in Boca Chica, Texas before an engine test. @LabPadre SpaceX is aiming to launch its latest Starship rocket prototype as early as “next week,” CEO Elon Musk said on Tuesday, in what would be the company’s most ambitious flight test of the rocket to date.
Capitol Building in Washington, D.C. DEA / M. BORCHI | De Agostini | Getty Images Nearly 14 million American workers are collecting unemployment benefits through programs that will lapse at the end of the year without congressional action. Expiring aid would leave many without income at a time when protections for renters, homeowners and student
Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog
Concept of moving to foreign countries and living as expat. getty In the latest installment of In the Pages, Tax Notes International contributing editor Robert Goulder sits down with the authors of the Tax Notes article “A Simple Regulatory Fix for Citizenship Taxation.” The authors discuss regulatory actions that Treasury can take that would, in the absence of legislative change,
With a move back to Texas on his mind, comedian Ron White of “Blue Collar Comedy” fame has listed … [+] his home in the Beverly Hills Post Office area for $7 million. Daniel Dahler Photography | Hilton & Hyland Stand-up comedian Ron White, who gained fame in the 2000s as a member of the
Thus far, the risk pooling discussion has focused on annuities. Another form of risk pooling for longevity is available through life insurance, and this chapter* explores the ways that life insurance can potentially be incorporated into lifetime financial planning. This discussion is mostly about whole life insurance in comparison to term life insurance, but other
The U.S. Centers for Disease Control and Prevention is considering shortening it’s recommended two-week quarantine period for people who have come in contact with people who have it — a change welcomed by some medical experts who say the relaxed guidelines would be easier for people to follow. Current CDC guidelines recommend that anyone exposed
Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in 1984, when he was then
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by Refinitiv. The company said in
Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the new initiatives that the luxury department
Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. After Covid-19
AJ Watt | Getty Images Are you stocking up on cold and flu meds for the winter? Buying an at-home Covid-19 test kit? If so, you are running out of time to use this tax-advantaged account for those purchases. Health-care flexible spending accounts, which may be available at your job, allow you to stash pre-tax
Then-Fed Chair Janet Yellen testifies before a Senate Banking, Housing and Urban Affairs Committee … [+] hearing in 2017. (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call, Inc via Getty Images Wall Street reacted positively to President-elect Joe Biden’s nomination of Janet Yellen for Treasury secretary. The Dow Jones Industrial Average hit a record high
In the COVID era, smart phone-enabled self touring is allowing property managers to fill more … [+] apartments. (Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images A second novel coronavirus surge currently sweeps the land. Herd immunity remains at least months off. Apartment building vacancies continue climbing. And according to
Economic Security Planning, Inc. Today’s column addresses questions about whether a spousal benefit should always be half the other spouse’s retirement benefit, whether the Windfall Elimination Provision applies to spousal benefit and how divorced spousal benefit rates are determined. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
People wait in line to get a 15-minute rapid Covid-19 test on November 24, 2020 in Madison, Wisconsin. Andy Manis | Getty Images News | Getty Images The use of technology is going to make health care “almost free around the world,” according to venture capitalist Tim Draper. “Health care is completely going digital,” he
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