Once upon a time, in the (somewhat mythical) past of traditional defined benefit pensions, your employer protected you from the risk of outliving your money in retirement, by acting, more or less, as an insurance company providing an annuity. With that benefit receding into the past, many experts have been hoping that Americans with 401(k)
Month: July 2021
A job seeker fills out an application form during a restaurant and hospitality career fair in Torrance, California, on June 23, 2021. Eric Thayer/Bloomberg via Getty Images The number of Americans out of work for at least a year jumped by 248,000 in June, underscoring persistent challenges for some households even as the broader labor
The exact boundaries of New York City’s Upper West Side are a subject of some debate. Some say that the Manhattan neighborhood ends with Central Park at 110th Street, while others include 111th to 125th Streets. What is indisputable, however, is the Upper West Side’s indelible legacy as one of NYC’s most famous and beloved
While the White House and congressional Democrats are feverishly trying to enact massive, economy-killing tax increases, numerous states are going in the opposite direction: They’re cutting taxes. This segment of What’s Ahead focuses on how local officials are recognizing that lower tax rates mean more opportunities and prosperity. Ohio engineered the biggest tax reduction in
In this article BYND Beyond Meat Chicken Tenders Source: Beyond Meat Beyond Meat said a new version of its meat-free chicken tenders will debut Thursday in nearly 400 restaurants across the U.S. The tenders will be the first Beyond chicken substitute available across the country in more than two years. In early 2019, the company
In this article BTC.CM= The logo of cryptocurrency exchange Binance displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images LONDON — Britain’s move to block Binance is boosting rival cryptocurrency exchanges, which have reported a surge in new users in the country recently. The Financial Conduct Authority recently announced a crackdown on
Millions of Americans have switched jobs during the coronavirus pandemic. Beyond that, some 12,000 baby boomers have been entering retirement every day, which has led to a flood of 401(k) rollovers. Along the way, many workers will make one or more of the following seven 401(k) rollover mistakes. ADVERTISEMENT The result of a 401(k)-rollover mistake can
Getty Images Strong jobs gains and falling unemployment point to progress in the U.S. economic recovery from the coronavirus pandemic. In June, the country added 850,000 jobs, more than expected, and is now 7.13 million below the February 2020 level. And by the end of June, weekly jobless claims slumped to 364,000, a coronavirus pandemic low, according
What more could an avid golfer want? This castle-like chateau in southwest France comes with an 18-hole course, a driving range and a pitching green. Set near the rural village of Navarrenx, in the Nouvelle Aquitaine region, the 321-acre estate centers on a more than three-story stone house that dates to the 19th century. A
Anyone with earned income can make a non-deductible (after tax) contribution to an IRA and benefit from tax-deferred growth. But it may not be worth it due (in part) to often overlooked ongoing recordkeeping requirements. For many, the biggest risk and most common downfall is significant: paying taxes again when withdrawing the money in retirement.
A worker wearing a protective suit and carrying an umbrella walks past the graves of Covid-19 victims at the Nossa Senhora Aparecida cemetery, in Manaus, Brazil, on February 25, 2021. Michael Dantas | AFP | Getty Images The global death toll from Covid-19 exceeded 4 million late Wednesday as infections worldwide crossed 185 million, according
People walk by the New York Stock Exchange on April 15, 2021 in New York City. Spencer Platt | Getty Images Futures contracts tied to the major U.S. stock indexes inched higher at the start of overnight trading Wednesday after both the S&P 500 and Nasdaq Composite closed at records. Contracts tied to the S&P
Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
For almost two years now, those who help Medicare beneficiaries find plans have been using an updated Medicare Plan Finder, a tool that does not do all the things its predecessor, the Legacy Plan Finder, did. It appears the Centers for Medicare and Medicaid Services (CMS) decided it was time to work that same magic on Physician Compare.
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
Bay area buyers are flocking to Lake Tahoe as the summer season officially kicks off. Jeff Brown, owner and general manager of Tahoe Mountain Realty, has lived and worked in Tahoe for 26 years. “The market here is red hot and shows no signs of mellowing out. As of now, demand is equal to the
The American Rescue Plan passed last March included $1.9 trillion in economic relief for individuals and businesses affected by the Covid-19 pandemic. In addition to the popular Economic Impact Payments (stimulus checks) the Plan included tax benefits designed specifically to help families, most notably expansions of the Child Tax Credit (CTC) and the Child and
A man inquires about a coronavirus disease (COVID-19) test at a mobile testing van in Brooklyn, New York, U.S., June 2, 2021. Brendan McDermid | Reuters Quidel is recalling its Lyra Covid-19 Assay test due to a high risk of false negative results in patients who actually have high amounts of the virus. Quidel is
In this article IVZ WB TME BABA DIDI China’s most powerful companies — including Didi, Alibaba and Tencent — are suddenly under immense scrutiny as country vows to crack down on domestic companies that list on U.S. exchanges. That move could upend a $2 trillion market loved by some of the biggest American investors. Beijing
Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC The mystery of missing Theranos patient test results that allegedly showed a high failure rate was the focus of former CEO Elizabeth Holmes’ pre-trial hearing on Wednesday. Holmes, pregnant and expected to give birth
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