Changing Winds of Tax Legislation Congress was considering tax changes that would have triggered capital gains tax on death, when gifts were made, and every so many years for assets in trusts. Congress was considering reducing the exemption, severely restricting the use of grantor trusts which had been the foundation of estate planning for decades,
Month: November 2021
Was your tax refund higher this year? Join the crowd. But don’t celebrate. Average tax refund amounts were way up this year over last year, according to the Internal Revenue Service’s recent updates to its cumulative 2021 tax filing season statistics as of October 22. For the 2021 tax filing season (for the 2020 tax year),
zxvisual | iStock | Getty Images Like many other renters during the pandemic, Trish DaCasta nabbed an apartment that she normally couldn’t afford. The upgrade was a big one: She was able to leave the place she’d been sharing with roommates for more than five years for a studio of her own in a luxury
If you’re thinking about selling your home, you probably already know that inventory has never been lower. For the first time in nearly 15 years, you—the seller—are back in driver’s seat. That doesn’t mean you should hike up the price and be greedy, but you do have an advantage over other sellers whose homes sat
U.S. President Joe Biden removes his mask to deliver remarks on the importance of COVID-19 vaccine requirements, during a visit at a Clayco construction site, in Elk Grove Village, Illinois, October 7, 2021. Evelyn Hockstein | Reuters The Biden administration will publish in the coming days a rule requiring private businesses to ensure their employees
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. Though she did not disclose any specific plans Biden has, Yellen said she gave solid marks to Chairman Jerome Powell. “I talked to him about
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling
vgajic | E+ | Getty Images Women get paid less than men. In fact, it’s been well documented that, worldwide, women make only 77 cents for every dollar earned by men. Less well-known, and partially a result of that very pay gap, is the pension gulf between men and women. The gender gap in pensions
The United States is not the only nation facing a retirement savings crisis. Many advanced, post-industrial democracies are struggling with similar challenges presented by an aging population. And just like in the U.S., these countries may have a variety of different retirement savings plans offered to workers. Canada, a nation with which the U.S. shares
The Biden administration is reportedly considering payouts of $450,000 to each person separated from their family at the southern border. A Wall Street Journal report on the potential settlements sparked outrage from some, drawing comparisons to 9/11 compensation. If the settlements happen, the federal government would award money for claims that U.S. government policies left the border
Sara Adamski Courtesy: Sara Adamski After the Covid-19 pandemic hit, Sara Adamski knew she had to make a job change. At the time, the 26-year-old was a cook in a northern Alaska tourist destination. “The jobs I was doing were soul-crushing work,” said Adamski, who had spent the last several years working in the hospitality
Tetra Images | Tetra images | Getty Images In a time of record mergers-and-acquisitions activity for financial advisory firms, designing and implementing a succession plan has become a critical element for success. This volume and breadth of M&A activity has increased the pressure on, and options for, firm owners. The median registered investment advisor firm
Dave Marcinkowski is a Founder/Partner in Madera Residential and Quext, focused on creating smarter, healthier apartment communities. Companies often claim that employees are their most valuable asset, but if so, then data must certainly run a close second. Given all the talk about data being the new oil, it is surprising that data hasn’t found its
After shutting its international borders for nearly 600 days due to the pandemic, Australia welcomed its first group of foreign visitors on Monday as the country took steps to gradually lift restrictions again. Fully vaccinated travelers from New Zealand who test negative in pre-departure Covid tests can now enter Australia. They would be allowed to
Jes Staley, CEO, Barclays Plc Christopher Goodney | Bloomberg | Getty Images LONDON — Barclays CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein, the bank said in a statement Monday. “Barclays and Mr Jes Staley, Group Chief Executive, were made aware on Friday evening of the preliminary conclusions
“Some people are so poor, all they have is money.” Bob Marley “It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.” Jesus Some of the world’s greatest artists, philosophers, and spiritual icons have illuminated the trappings of riches, the
As the founder and director of two entrepreneurship-focused programs at Stevens Institute of Technology, Launchpad and iSTEM, I have overseen the creation of 12 officially incorporated enterprises, with many more on the way. It took about three years to put our first company together, but now we launch a new company every three months. To maintain this efficiency, we need to identify the right students: the rulebreakers,
The nation’s infrastructure is in the news. Few of us needed politicians or pundits to tell us that our infrastructure is crumbling. As Yogi Berra noted, “you can see a lot by looking.” Have you dared to look under some of the nation’s highway overpasses and bridges? You have to wonder just how long rough-cut