These days, fewer Americans — including millionaires — feel confident about their financial standing. Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment Managers.
Month: February 2023
Delmaine Donson | E+ | Getty Images Getting divorced is often considered one of the most stressful life events. But, for some people, there could be an unintended positive outcome to splitting up: A boost in their work performance. In a study of people in the process of divorce, which is online in advance of
Should be required reading: The article in the Palm Beach Post by the renowned columnist Frank Cerabino on how proposed social security fixes would impoverish over 1 million Floridians (not to mention millions of other Americans). This article should be required not just for retirees but especially for all decision makers. As Cerabino makes clear,
Federal taxability of state-issued stimulus payments is causing frustration for taxpayers and tax professionals. Indeed, whether or not state-issued stimulus payments are federally taxable may be the most asked question of this filing season. For California’s taxpayers the frustration and confusion boiled over into the Procedurally Taxing blog where guest blogger Bob Kamman, a Phoenix-area
Nontoxic living is becoming an important cultural trend, with #nontoxicliving having more than 200 million views on TikTok. While there are many facets of this lifestyle choice, one of the smartest ways to reduce toxins in the home is to choose nontoxic furniture whenever possible. While toxins in furniture aren’t a reason to re-decorate immediately,
Jetcityimage | Istock | Getty Images If you’re trying to max out the yearly purchase limit for Series I bonds, your tax refund offers an opportunity to buy even more. However, you should consider your goals and weigh alternatives first, experts say. An inflation-protected and nearly risk-free investment, I bonds are currently paying 6.89% annual
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance, the world’s largest crypto exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily
Introduction Grantor trusts are groovy. They have so many potential benefits that they are the cornerstone of many, maybe even most estate plans. Grantor trusts let you transaction business with your trust without triggering gain for income tax purposes. Rev. Rul. 85-13. So, you can sell your family business or rental real estate to the
It’s that time of year again. IRS Forms 1099 remind you that you earned interest, received a consulting fee, or were paid some other kind of income. Most Forms 1099 arrive in late January or early February, but some companies issue forms throughout the year when they issue checks. Whenever Forms 1099 arrive, don’t ignore
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom surged Friday morning after activist investor and meme stock maven Ryan Cohen bought a major stake in the high-end
“What I want to emphasize regarding this unexpected accident is that both sides, especially the U.S., should remain calm,” said China’s Ministry of Foreign Affairs spokesperson Mao Ning. Aly Song | Reuters BEIJING — China’s Ministry of Foreign Affairs spokesperson Mao Ning urged both sides to remain calm after the U.S. said it shot down
When Kevin Kim dropped out of college at 21 to become an entrepreneur, it seemed like a huge gamble. “My mum cried a little,” Kim, now 33, said with a laugh. But his confidence was not unfounded. Kim had just sold his first company — which he started when he was just 18 — for
Chinese telecommunications giant Huawei saw revenue decline in 2021 for the first time on record. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese telecommunications giant Huawei is turning to patents for a lifeline as the company seeks to forge a path forward in advanced chip technology — the prized tech which the U.S. is
Today’s Social Security column addresses questions about whether it may or may not be worth delaying filing until full retirement age (FRA), effects on other benefits when the higher earning spouse files and how spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company closed more than 5% higher Friday. McMahon’s potential future involvement in WWE has become an
The Biden Administration has said the U.S. is in competition with China and restricted the ability of American businesses to sell high-end chip tech to China. Bloomberg | Bloomberg | Getty Images BEIJING — A ban on U.S. investment in Chinese tech could drive up market volatility — but some sectors may escape untouched, Bank
In this article AMD TSLA MCD CAT MDLZ Follow your favorite stocksCREATE FREE ACCOUNT Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffery | CNBC During these challenging times, making informed decisions with a long-term view is vital for investors. Here are five stocks chosen by Wall Street’s top analysts, according to TipRanks, a platform that
In this article DLTR DG Follow your favorite stocksCREATE FREE ACCOUNT A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price index, an inflation
The short answer is NO! This issue has been around for many years and seems to have resurfaced recently as we get closer to 2034. The definition of bankruptcy is the inability to pay outstanding debts or obligations. The key word here is inability. The Social Security program, as designed, has become antiquated and is
In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
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