Month: August 2021

Today’s column addresses questions about taking survivor’s benefits early before retirement benefits once they’ve increased, potential negative repercussions of taking spousal benefits and how to claim retirement benefits after taking spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize
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In what has become common practice, a handful of senators and Administration staffers tried over a few days to draft a highly complex bit of tax legislation in a (at least a metaphorical) backroom in the dark of night. The piece of the massive infrastructure bill just approved by the Senate would require some in
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Customers at the bar in Philadelphia restaurant Martha, which requires customer proof of vaccination, on Aug. 7, 2021. Hannah Beier | Reuters Business are getting creative in their efforts to attract and retain workers amid a labor shortage caused by the coronavirus pandemic. Ray Bales, president of a Seniors Helping Seniors franchise in Knoxville, Tennessee,
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A job fair at a community center in Beattyville, Kentucky, on July 28, 2021. Jon Cherry/Bloomberg via Getty Images About 3.4 million Americans were long-term unemployed in July, a reduction of about 560,000 from the prior month, according to the Bureau of Labor Statistics. However, the figures remain elevated relative to pre-pandemic levels. About 2
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Despite the pandemic, many Gen Z’ers are graduating from college and setting their course for success. This is a generation of young people who know what they want out of life and have the financial literacy tools – from podcasts to online platforms – to save for retirement, maximize their savings and achieve their goals.  
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Halfpoint | iStock | Getty Images Many Americans are looking to Labor Day with dread. That’s when some 7.5 million of them will stop receiving their unemployment benefits. The number is more than five times the 1.3 million people who lost aid in December 2013 as the country walked away from the Great Recession. Although
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Nurses watch a computer screen in Bogota, Colombia on February 18, 2021. JUAN BARRETO | AFP | Getty Images LONDON — People who are fully vaccinated against Covid-19 are highly protected against severe infection, hospitalization and death caused by the virus. But coronavirus cases among the fully vaccinated — so-called “breakthrough” Covid cases — are
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In this article PFE MRNA SVA Unvaccinated people are eager to travel again. But more and more, the rules make that harder. Travelers are increasingly required to show proof of vaccination before they can cruise, book group tours, avoid quarantines, or vacation to tropical islands. Beyond that, vaccines are needed for everyday activities including attending
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Back in April, the conservative economist Lawrence B. Lindsey published an article in The Wall Street Journal complaining about the Biden administration’s plan to raise the capital gains rate. An increase to 39.6% would actually cost the government money because it would exceed the revenue-maximizing rate. There could only be one motive, Lindsey insisted. “Tax rates above the revenue-maximizing rate are punitive,” Lindsey charged. “The
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