Today’s column addresses questions about how stopping work before claiming a Social Security retirement benefit can affect the benefit amount, divorced spousal benefits and the family maximum that can be claimed on a single record and how the Government Pension Offset (GPO) is applied. Larry Kotlikoff is a Professor of Economics at Boston University and
Month: April 2021
Billionaire Lynsi Snyder, who took over the reins of In-N-Out Burger in 2010, is selling her sprawling compound in guard-gated Bradbury Estates in the Los Angeles area for $16.8 million. It’s the most expensive listing currently on the market in the San Gabriel Valley. In 2017, Snyder had the Mediterranean-style retreat on the market for
Two major lobbying groups for the U.S. automotive industry are urging updates to federal vehicle safety regulations in the wake of high-profile crashes involving Tesla vehicles. During a Senate subcommittee hearing Tuesday, executives with the Alliance for Automotive Innovation and Motor & Equipment Manufacturers Association said the U.S. needs better standards and protocols to address
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet reported on Tuesday its first-quarter results. Here’s how Google’s parent company fared in the quarter relative to what Wall Street analysts polled by Refinitiv expected: Earnings: $26.29 per share vs. $15.82 per share expected Revenue: $55.31 billion vs. $51.70
U.S. stock futures were flat in overnight trading on Tuesday as investors digested major technology earnings and geared up for the latest Federal Reserve policy announcement. Dow futures rose about 50 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.1%. Google parent Alphabet reported better-than-expected earnings after the bell on Tuesday, sending
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored
FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option. Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them,
April is National Financial Literacy Month. What began with the National Endowment for Financial Education as Youth Financial Literacy Day in 2000, has evolved into a month-long observance for people of all ages to learn about and improve their finances. Financial literacy is critical for understanding how to save, earn, borrow, invest, and protect your
In the latest episode of Tax Notes Talk, David Thompson of the National Council of Nonprofits talks about how tax policy affects tax-exempt organizations and tax issues on the nonprofit industry’s radar today. The post has been edited for length and clarity. Fred Stokeld: I’m here today talking with David Thompson, vice president of public policy
Accessory dwelling units are a fast-growing trend in the real estate industry, especially in high-priced markets like California’s major metros. One increasing use for these tiny spaces is seniors turning their long-time residences over to their adult children’s families and moving into small bonus homes added to their properties. “The number of permits taken out
Cape Canaveral, Florida, United States – A SpaceX Falcon 9 rocket carrying 58 satellites for SpaceX’s Starlink broadband internet network and three SkySat earth-imaging satellites launches from pad 40 at Cape Canaveral Air Force Station on August 18, 2020 in Cape Canaveral, Florida. Paul Hennessy | NurPhoto | Getty Images The Federal Communications Commission approved
In this article CROX Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Crocs shares shot up more than 8% Tuesday after the shoe maker increased its revenue outlook for the full year and reported record first-quarter sales. CEO Andrew Rees said demand for the Crocs brand is
In this article UBSG-CH LONDON — UBS surprised market participants on Tuesday, announcing that profits had taken a hit from the Archegos Capital saga — almost a month after the collapse of the U.S. hedge fund. The Swiss bank waited until its results day to inform markets about its exposure to the firm, a move
BET founder Robert Johnson told CNBC on Tuesday he hopes corporate America will support efforts that boost Black Americans’ access to capital with the same vigor as many companies recently did around voting access. Johnson’s comments on “Squawk Box” came one day after the entrepreneur went public with a proposal that would give preferential tax
CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
courtneyk | E+ | Getty Images A large swath of American households may pay nothing in income taxes for 2021, a new congressional report suggests. Taxpayers with income of less than $75,000 are projected to have, on average, no tax liability after deductions and credits when they file their 2021 returns next spring. They will
“I’ve climbed more than 60 mountains since I retired 18 months ago,” said Glen Anderson who lives in the Pacific Northwest. “The climb up Mount Adams was twelve miles, a 6700-foot ascent and at the top, I was at 12,276 feet elevation.” The COVID pandemic did not stop Anderson from making the most of his
Caitlin Flanagan’s critique of private schools in a recent article in The Atlantic doesn’t focus on the tax treatment of donations to educational institutions. But one of the first concrete problems she identifies in her assessment of the inequities surrounding exclusive private schools with expensive tuition is that they benefit from the deduction for charitable contributions in section 170.
When a commercial real estate or other business transaction leads to a dispute, the parties sometimes prefer to arbitrate rather than litigate. As one of many reasons for that, they like the confidentiality of arbitration. They don’t see any upside for publicity. Fights don’t look good. And no one wants the world to know confidential
In this article 7205.T-JP The Hino Motors logo is displayed at the 43rd Tokyo Motor Show 2013 in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Hino Motors, a subsidiary of Toyota Motor, is teaming up with an Israeli electric vehicle start-up to develop electric trucks, buses and commercial vehicles. REE Automotive, which is
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