Unfortunately, it happens all the time—a client’s longtime spouse dies, a new suitor swoops in, and they quickly marry against the advice of family, friends, and advisors. What happens next can be a nightmare for the family, resulting in costly legal battles. Even worse, many people in this situation spend their final days without their
Month: September 2023
The IRS has announced the availability of expanded chatbot technology on the official IRS website to help answer basic questions for people receiving notices. The announcement alone is pretty exciting for taxpayers and tax professionals who have found themselves sitting on speaker phone for what feels like an interminable wait to talk to an IRS
The American Dream used to include a house with a white picket fence. And then, at some point, expectations grew larger and more grandiose (perhaps coinciding with Dallas, and Dynasty, two wildly popular prime time TV soap operas with the wealthy, sprawling settings). Some single-family homes rivaled hotels or B&Bs, and had four- and five-car
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop location on 6th Avenue on March 23, 2021 in New York. View Press | Corbis News | Getty Images Just hours after being named GameStop‘s CEO, Ryan Cohen sent out a memo to employees on Thursday that emphasized he will take dramatic steps
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A shopper leaves a Nike store along the Magnificent Mile shopping district with a purchase in Chicago, Dec. 21, 2022. Scott Olson | Getty Images Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but
Roy Rochlin | Getty Images Entertainment | Getty Images Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation. “We’re going to have a debt crisis in this country,” the founder of hedge fund Bridgewater Associates said in an interview with CNBC’s Sara Eisen that aired Thursday. The two were speaking at a
In this article META MSFT NVDA Follow your favorite stocksCREATE FREE ACCOUNT Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even
Twenty/20 For many Americans, October is a time for seasonal decorating and pumpkin spice lattes. This year, it also marks the resumption of student loan payments at a point when U.S. households are already struggling to make ends meet amid high inflation and higher interest rates. And yet, just as millions of borrowers face their
Retirees who rely significantly on their IRAs and 401k accounts to pay for their living expenses face a serious challenge: How do they carefully invest and draw down their retirement savings to spend on living expenses, with the goal that they don’t outlive their money and recognizing that they might live a long time? Here’s
It looks as if a government shutdown is imminent—and federal agencies are taking steps to get ready, including the IRS. According to the Washington Post, the government started notifying federal workers on Thursday, Sept. 28, that a shutdown was likely. The Department of Treasury followed suit. I previously reported that Treasury’s Contingency Plan was noticeably
Affordable housing accounted for approximately 43% of New York City’s $3.91 billion in multifamily sales in 2Q 2023, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report. Major mission-driven investors including Nuveen, The Vistria Group, Tredway and Asland Capital Partners in association with Goldman Sachs made sizable affordable housing acquisitions across the
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary. Shares of the company jumped more than 6% in premarket trading following
In this article MU GME KMX LULU PTON Follow your favorite stocksCREATE FREE ACCOUNT A CarMax dealership on April 11, 2023 in Santa Rosa, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell. Micron — The chipmaker’s shares fell 3.4% Thursday before the bell on the back of a
Martin Barraud | Caiaimage | Getty Images PHOENIX — Retirement security is a concern for many older Americans and outliving savings is often their biggest fear. To that point, some 58% of savers and retirees worry about running out of money, according to recent research from Cerulli Associates. But “retirement spending is not pass-fail,” said
Can the Consumer Financial Protection Bureau (CFPB), a Federal Government agency, protect unsophisticated consumers transacting in complex markets? It can but it doesn’t. I will illustrate with one of the most complicated financial instruments a consumer is likely to encounter: a HECM reverse mortgage. That HECM borrowers must be 62 or older, which is past
When Robert Merton, MIT finance professor and Economics Nobel laureate, speaks, we should listen. Fifty years ago, Merton, together with Fisher Black and Myron Scholes, developed the Black-Scholes-Merton option pricing formula. When these three finance geniuses derived their remarkable equation, there was no formal option market. These days, 39 million option contracts are bought and
What are the friendliest places in America? The self-storage company Neighbor.com has just released its fourth annual list of America’s 25 Most Neighborly Cities, in honor of National Neighbor Day. The 2023 study ranks U.S. cities based on factors like charitable donations, volunteering, crime rates and more. This year, Madison, Wisconsin has been named the
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday. A Space Force spokesperson confirmed that SpaceX
The Micron Technology Inc. offices in Shanghai on April 6, 2023. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect a loss of
After a prolonged period of high inflation and higher interest rates, Americans are just getting by. As of August, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report, unchanged from last year. Recent data is painting a mixed picture of where the economy stands. Inflation has shown some signs of cooling but the
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