Tobi Parks surveys drinks at her recently reopened arts and music venue, xBk, in Des Moines, Iowa. Lily DeTaeye Like many small business owners, Tobi Parks saw her business devastated by the Covid pandemic. Parks had to shut the doors of her independent arts and music venu,e xBk, in Des Moines, Iowa, in March of
Month: May 2021
Early retirement is a very common goal, but how exactly do you define “early?” For most people, “early” means stopping work before the availability of benefits that are used by retirees like Social Security and Medicare. Uncertainty over whether retirement savings can last without these programs is often the reason people put off retirement. If
In one of the most anticipated United States Tax Court decisions in years, yesterday the Court published a 271 page opinion deciding the fate of the Estate of Michael Jackson v. Commissioner, T.C. Memo 2021-48. And for the IRS, the Court’s opinion can only be interpreted one way: Bad. Really, Really Bad. In a battle
In real estate, it’s always tempting to count your chickens before they hatch. When you’re halfway toward closing on a house, or even three quarters of the way there, you almost start thinking of the buying process as a done deal. Then complications may begin to arise, and they could even compound on one another
In this article GPS AEO RL SWK VFC PVH WHR LOW COST WMT BRK.A CNBC’s Jim Cramer on Monday rejected Warren Buffett’s assertion that Wall Street’s new retail investors stay away from individual stock picking in favor of investing in index funds. “I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer
Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were flat as well. The move in futures followed
Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax.
House Ways and Means Committee Chairman Richard Neal. Matt Stone | Boston Herald | Getty Images The House Ways and Means Committee is poised to consider a bill on Wednesday that would make changes to how U.S. workers save for retirement. The measure, known as the Securing a Strong Retirement Act of 2021, comes less
Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than they did during the Great Recession, according to recent research from the Center for Retirement
President Joe Biden greets workers during a visit at W.S. Jenks & Son hardware store in Washington, D.C., U.S., on Tuesday, March 9, 2021. Yuri Gripas | Bloomberg | Getty Images Small business owners across the U.S. are more confident, but just barely, as fears about price inflation, hiring costs, tax hikes and partisan politics
A new public opinion survey shows broad bipartisan backing for more public support for long-term care, especially at home, even as congressional Republicans appear to be lining up against the idea. According a new survey by The Associated Press-NORC Center for Public Affairs Research, 63 percent of respondents say government should support programs to help
If you live in California and own some low basis stock (i.e. stock that cost you next to nothing), you may have the opportunity to make money by being charitable. If the president’s tax proposal included in the American Families Plan (AFP) legislation is enacted and you are selling low basis stock, you would end
No one was cool like Steve McQueen. It stands to reason that the legendary actor owned a Malibu beach house back in the day; like riding a motorcycle away from Nazis or driving a green Mustang hell-bent-for-leather over the vertiginous streets of San Francisco, he set the standard for how to do it with utter
Florida Gov. Ron DeSantis speaks holding his facemask during a press conference to address the rise of coronavirus cases in the state, at Jackson Memorial Hospital in Miami, on July 13, 2020. Chandan Khanna | AFP | Getty Images WASHINGTON — Florida Governor Ron DeSantis signed an executive order Monday that immediately suspends all outstanding local
A general view of the Draft Kings sign on the right field wall during the Major League Baseball game between the Philadelphia Phillies and the Toronto Blue Jays on September 20, 2020 at Citizens Bank Park in Philadelphia, PA. Rich Graessle | Icon Sportswire | Getty Images Check out the companies making headlines in midday
Investing legend Warren Buffett shared some words of wisdom during the annual Berkshire Hathaway meeting on Saturday. Before answering shareholders’ questions, company chairman Buffett specifically addressed those who aren’t necessarily invested in Berkshire Hathaway, but those who “have entered the stock market in the last year,” he said, as “I think there’ve been a record
Tetra Images | Getty Images Tax refunds on 2020 unemployment benefits are slated to start this month. But some taxpayers — namely, single filers — will get the money sooner than others. It may be summer before other groups, such as married couples and those with complex tax returns, get their refunds, according to the
Leon Cooperman Scott Mlyn | CNBC If you have accumulated more wealth than you need, there are a number of things you can do with the excess money, according to billionaire investor Leon Cooperman. Founder of the Omega Family Office, Cooperman — who has an estimated net worth of $2.5 billion — shared his views
In this article ITPC Getty Images Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax plan aims to help cover the $1.8 trillion American Families Plan, which pumps money into child care, paid
One third of adults over 65 still have never used the internet, and half don’t even have internet access at home. In San Francisco, “the epicenter of tech,” 40% of older adults do not have basic digital literacy skills. Today, millions are disconnected to culture, but also opportunity. Before we can worry about the intricacies