Month: August 2021

Image Source | Getty Images Many Americans have trouble covering their costs of living with income solely from Social Security. Now, a bill has been reintroduced in Congress aimed at reducing the risk that older Americans, women and people of color will live in poverty despite receiving their monthly checks. The proposal, called the Social
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Today’s column addresses questions about whether cost of living allowances are applied to retirement benefits at 70 after receiving spousal benefits, taking divorced spousal benefits after disability benefits and the availability of survivor’s benefits after taking spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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Financial advisors and borrowers will have to get busy if they wish to take advantage of the most recent automatic student loan forgiveness initiative for individuals receiving Social Security disability payments. Today’s press release is relatively straightforward for those who are already receiving Social Security disability payments, but is silent in regards to those whose
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Education Secretary nominee Miguel Cardona testifies before the Senate Health, Education, Labor and Pensions committee during his confirmation hearing on Capitol Hill Washington, DC., February 3, 2021. Susan Walsh | Pool | Reuters The U.S. Department of Education announced on Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The
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The rental market, which slumped during the pandemic, has snapped back quicker than many economists predicted. A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, according to Zillow’s latest market report. Although home appreciation again broke records in July, there are signs of
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In this article KSS People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s reported Thursday fiscal second-quarter earnings that beat analyst expectations and it raised its forecast for the year, as shoppers headed back to its
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John Stoltzfus is encouraging investors to remain optimistic despite this week’s wild market swings. The Wall Street bull, who serves as Oppenheimer Asset Management’s chief investment strategist, doubts the Covid-19 delta variant and Federal Reserve tightening worries will spark a significant downdraft. “I not only think it can edge higher, I think it can likely
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Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included
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Although many Americans continue to face financial uncertainty due to the pandemic, the outlook for retirement savers is only improving. Retirement account balances, which took a sharp nosedive in 2020 when the coronavirus outbreak caused economic shock waves, are now at new highs, according to the latest data from Fidelity Investments, the nation’s largest provider
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Can Benford’s law can help the IRS detect tax evasion just by looking at the first digit of figures entered on tax returns? Benford’s law — also called the Newcomb–Benford law, the law of anomalous numbers, and the first-digit law — is an observation about the distribution of first digits in unmanipulated numerical data sets.
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Traders works at the New York Stock Exchange (NYSE), August 4, 2021. Andrew Kelly | Reuters Stock futures were flat in overnight trading on Wednesday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end. Futures on the Dow Jones Industrial Average dipped just 20 points.
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Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel
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