Month: June 2021

Today’s column addresses questions about how Social Security determines survivor benefit rates, how having a younger ex can affect filing options and benefit amounts and whether to claim retirement or widow’s benefits first. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
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Earlier this week, the media reported that life expectancy in the U.S. had declined by nearly two years between 2018 and 2020, primarily due to the pandemic. The news was more disturbing for people of color: For African Americans, life expectancy declined by 3.3 years and by 3.9 years for Hispanic Americans. Does this mean
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Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. If an investor has decided that they would like to invest in the multifamily asset class, they have two options for doing so: actively or passively. In an active investment, investors form a limited liability company (LLC) and find a property
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John Sheeley couldn’t believe what he was hearing. He was listening to brand new IRS Commissioner Charles Rettig deliver a keynote address at a tax conference in the summer of 2019. Commissioner Rettig told the group of tax professionals that, in addition to the obvious staff shortages and budget cuts, another reason calls to the
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The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said that all 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. That
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While recent reporting may make it seem that all “rich” people are able to avoid paying taxes, I assure you there are plenty of high-income and high-net-worth people who feel like they are getting kicked in the nuts with substantial tax bills. There is a reason my phone blows up every year around tax season
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