It is no secret that the IRS wants you to report your crypto gains. You can report crypto losses too, but the IRS cares less about that. The government still seems to think millions of transactions and dollars might still be unreported. You might think you won’t be caught, but the risks are growing. The
Month: May 2021
The pandemic has caused many people to assess their priorities, and if you are considering retiring earlier than originally planned, you aren’t alone. Whether your job has changed due to COVID and is no longer as appealing or you’d simply like more time to spend with family, leaving the workplace before age 65 may suddenly
A crowd of travelers check in for their flights at LAX on Friday, May 28, 2021. Allen J. Schaben | Los Angeles Times | Getty Images The U.S. has reported the lowest number of Covid-19 cases in more than a year, as the nation’s airports over Memorial Day weekend experienced the largest number of travelers
Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the 20th century, the Greenwood
R.Tsubin | Moment | Getty Images The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, offer investors a way to shield income from tax authorities. In that way, the crypto economy contributes to
Hispanolistic | E+ | Getty Images When Jordan Wexler’s niece recently lost her first tooth, he sent her $15 along with a video of himself dancing while dressed up as a Tooth Fairy. The money was not the typical cash kids traditionally receive under their pillows. Instead, Wexler put the money toward an investment on
Glenview, Ill.—The John O. Carr House, designed by Frank Lloyd Wright in 1950, is now available for auction, with $1,200,000 as the suggested opening bid (not the asking price). The Wright-designed original entryway features pierced-concrete breeze blocks to allow for natural … [+] light penetration. Matara Media for Jameson Sotheby’s International Realty Wright-designed homes famously
Wouldn’t it be nice if there was a scientific age of retirement? We could just announce how many years people should work before they get decent pensions. Unionized workers and their employers kind of do that. “Thirty and out” is the deal for unionized coal miners in the United Mine Workers Union. You get a
A man wearing a facemask as a protection against Covid-19 walks past two Malaysian flags in capital city Kuala Lumpur. Faris Hadziq | SOPA Images | LightRocket via Getty Images Stocks in Malaysia fell in early Monday trade as the government announced a nationwide “total lockdown” to curb the rapidly rising daily Covid-19 infections in
A worker is seen in the workshop of a factory manufacturing medical devices in Lianyungang, Jiangsu province, China. Reuters BEIJING — Chinese businesses are letting go of more workers than they are hiring, even though the economy is seeing some recovery from the pandemic, official data showed Monday. That’s based on a survey from the
Father’s Day is less than a month away. After what’s been a challenging year for everyone but especially for fathers, it’s important to give a dad a gift that shows how much you truly care about him. A gift for the home is ideal because it’s not only incredibly thoughtful, but it will likely last
In a recent case, a bankruptcy court had to consider whether to allow a debtor in a Chapter 13 plan to make voluntary contributions to her retirement plan. This is an interesting and important issue, particularly for retirement planning and retirement preparedness. Indeed, saving in an employer-sponsored retirement plan with its attendant benefits—such as employer-matching
I’m not a couples therapist, but I am one of many financial advisors who’ve heard, “This has been better for us than couples counseling,” after a productive financial advisory meeting. With more than half of marriages ending in divorce, and with disagreements over money listed as the leading cause, it’s no wonder that if you
Fashion has a polyester problem. It’s the most widely-used clothing fiber in the world, but as a synthetic material made from plastic, polyester needs a lot of energy to produce and is highly water and air polluting, according to the Council of Fashion Designers of America. The fashion industry is trying to tackle the issue,
Social media personalities Dixie D’Amelio and Noah Beck at Disney California Adventure Park at the Disneyland Resort on May 2, 2021 in Anaheim, California. Handout | Getty Images Entertainment | Getty Images The Covid pandemic made the past 14 months a literal roller coaster of a ride for both theme parks and their fans. Parks
One of San Diego’s most celebrated resorts, the Town and Country recently debuted a multi-million dollar makeover guaranteed to attract guests and breathe new life into the area for a (semi) post-Covid world. The hotel’s historic complex is in the Mission Hills neighborhood, which is located between San Diego International Airport and the downtown Gaslamp
Today’s column addresses questions about potential effects of having filed early, making sure your benefits are actually suspended even if a representative mistakenly says you can’t suspend them and potentially available benefits on an ex’s record. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
What you’ve done in the past isn’t enough for the future. That which has differentiated you enough to become successful thus far in your career likely isn’t sufficient to set you apart and perpetuate your success going forward. At one point, pushing product for a recognizable company gave you an edge. Then, being an asset
In this article VIAC DIS Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II.” Paramount The box office was anything but quiet over the weekend. John Krasinski’s “A Quiet Place Part II,” the sequel to his 2018 directorial debut, garnered $48.4 million over the weekend so far, the highest of
In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, chief executive of the IIF, said Friday that the improving economy will help bank lending and
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