“I can’t wait to retire and live on the beach!” In the last thirty years of being a practicing financial planner, I’ve heard some version of this sentiment more times than I can count. It may sound like a throwaway statement or a pie-in-the-sky type dream, but the fact of the matter is that deciding
Month: June 2023
The Fiscal Responsibility Act of 2023 (H.R. 3746) is a done deal. The federal government avoided a debt default, at least for now. Shortly before President Biden signed the legislation, House Speaker Kevin McCarthy, R-Calif., made an interesting remark. Acknowledging that the new law was a stopgap measure, he proposed a bipartisan commission to explore
Forbes Global Properties Few coastal neighborhoods in Southern California are as exclusive as Harbor Island in Newport Beach. For starters, there are just 30 homes on the small, semi-artificial island in Orange County’s Newport Bay. The island is defined by its ultrawealthy residents and bayfront setting. The waterfront home 11 Harbor Island Road features a
In this article LIVB Follow your favorite stocksCREATE FREE ACCOUNT The two-year long fight between the PGA Tour and Saudi Arabia’s LIV Golf ended with a stunning announcement that the arch-rivals are now joining forces — news that’s been met with derision by many American commentators, lawmakers and golf fans. The decision, announced on Tuesday,
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares rose 31% on Tuesday after the provider of code-deployment software notched a loss that was narrower than analysts expected while reporting an improved full-year forecast. The stock enjoyed its best
Ken Griffin, Citadel, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage. “I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of
You’ve seen the headlines. The United States Postal Service (USPS) has been losing money. (A recent USPS press release said it’s already lost $2.1 billion this year.) So, Congress passed the Postal Service Reform Act of 2022 (PSRA). The Office of Personnel Management (OPM) published the interim final rule on April 6, 2023, and it
The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. The two entities signed an agreement that would combine the PGA Tour’s and LIV Golf’s commercial businesses and rights into a new, yet-to-be-named for-profit
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports fell in May for the first time since February, adding to concerns that growth in the world’s second-largest economy could be
Swimply is expanding its marketplace to offer pickleball court rentals. Source: Swimply Swimply, the startup that lets people rent private pools, is set to expand to pickleball courts — and the company says it expects revenue from its new offering to outpace pool rentals in just two and half years. On Tuesday, the company announced
In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Tomml | E+ | Getty Images A new deal to lift the nation’s debt ceiling includes fresh work reporting requirements for 50-something adults who receive Supplemental Nutrition Assistance Program, or SNAP, benefits. The change could result in almost 750,000 adults ages 50 to 54 losing
A piece published by the American Bar Association’s Senior Lawyers Division reports on the international conference of the Alzheimer’s Association. The Division consists of lawyers over age 50. Health is a topic of interest to this group, of which I’m a member. A part of the conference focused on a study of the eating habits
Real estate investors and developers have been concerned in recent months about the direction of rents. Rents on multifamily apartments as well as rental homes and townhomes peaked after the massive and clearly-unsustainable rates of increase of the prior two or three years, underwent a short correction, and now appear to be rising again. This
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Tuesday warned about a new defect on its
Amnon Shashua, president and CEO of Mobileye, and Patrick Gelsinger, CEO of Intel, outside the Nasdaq MarketSite during Mobileye’s initial public offering in New York, Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading. Mobileye — Shares sank 5% following a U.S. Securities
fstop123 | E+ | Getty Images LAS VEGAS — College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert. “Distribution planning is not just for retirement,” said certified financial planner Ross Riskin, chief learning officer for the Investments & Wealth Institute. Families
Douglas Rissing | Istock | Getty Images After a more than three-year reprieve, federal student loan bills will restart within months. In the agreement to raise the debt ceiling, which President Joe Biden signed into law last week, there is a provision that officially terminates the pause on federal student loan payments and potentially makes
Surprisingly, one of the first signs of mild cognitive decline can be suffering a financial loss due to making a mistake, such as not correctly completing an investment transaction, or becoming a victim of fraud or exploitation. In many of these situations, retirees are still highly functioning and don’t have severe symptoms of dementia or
Tax Analysts’ chief economist Martin Sullivan provides an overview of the state of the economy and how the recent debt limit bill could affect it. 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 week: once
A rare Victorian-era home―its gas-lit heyday marked by white-glove soirees―has come to market in San Diego’s Bankers Hill district. The 1889 Queen Anne-style home, with its dome-topped tower, wraparound gingerbread porch, carriage house and impeccably maintained interior is priced at $6.485 million. “This is one of San Diego’s best,” says Bruce Coons, an architecture historian
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