Month: August 2021

In her twenties, Mickey became the single mother of three children under five years old. The resulting challenges she faced defined much of her life. She had to support the family on a secretary’s salary and navigate a not-so-friendly professional world while mothering her son and two daughters, paying the bills, and saving for retirement—all
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Tax Notes Capitol Hill reporters Doug Sword and Frederic Lee examine the record-breaking budget and infrastructure legislation advancing on Capitol Hill and preview potential tax policy proposals coming this fall. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
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zimmytws | iStock | Getty Images A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program’s already ailing trust funds. The results show the funds from which the program pays benefits have been “significantly affected” by both the pandemic and
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Deciding to take ownership over your retirement and savings goals typically starts with one important step: Automation. Financial experts and voices almost universally begin the savings process with the idea of automation. Why? Because it allows you to move money into either short-term savings or long-term retirement accounts without ever seeing the funds within your
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Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat!  Every athlete knows the importance of the fundamentals. From how runners hold their arms to where quarterbacks grip the football, professionals are often the first to tout the importance of mastering fundamental skills. A focus on the fundamentals is important in
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Earlier this month, when the Bureau of Labor Statistics released its Consumer Price Index report for July 2021, headlines reported year-over-year inflation clocking in at 5.4% for the second straight month. This got many retirement investors asking questions about the impact of inflation on their portfolios. Asking questions is OK. Asking the wrong questions isn’t.
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The United States has a long history of tax imperialism, stretching back over a century and coincident with the nation’s geopolitical ascendancy. Indeed, the two are intertwined; fiscal imperialism has bolstered America’s national might while also serving as an expression of that power. Scholars in many disciplines have studied economic imperialism for decades, but as Diane
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