Democratic presidential candidate Joe Biden says his tax hikes would only effect the wealthy — defining “wealthy” as those who make more than $400,000 a year. But according to a financial planning analysis, families making $400,000 a year aren’t exactly living large — especially in major cities. A family of four with $400,000 a year
Advisors are bullish on Joe Biden, but bracing for a rocky election cycle, according to a CNBC FA 100 survey. More than a third, or 37%, of top-rated financial advisory firms said they believe the Democratic nominee will be elected as the next U.S. president, compared to 20% predicting President Donald Trump will come out
David Rea, president of Salem Investment Counselors in Winston-Salem, North Carolina. Salem Investment Counselors Stock prices are “OK” — neither cheap nor pricy — given prevailing interest rates and other factors like federal stimulus money that’s been pumped into the U.S. economy since the spring, according to David Rea, the president of Salem Investment Counselors. The Winston-Salem,
Not paying close attention to your medicare Plan’s Annual Notice of Changes could cost you. getty If you have a Medicare Advantage or Part D prescription drug plan, you’ll want to read this post. By now, you should have received an envelope labeled with “Important Plan Information” in bold type. If you’re like most, you
ANAHEIM, CA – SEPTEMBER 30: An employee walks through the entrance to Disneyland Park and California … [+] Adventure Park, which have been closed since March 14 due to the coronavirus pandemic, Wednesday, Sept. 30, 2020 in Anaheim, CA. After suffering losses for months due to Gov. Newsoms mandatory coronavirus shut-down, Disney says it will
The two-story box-like home, which is on the market for $12.9 million, has an indoor pool and cinema … [+] room CGP Design Do unusual homes require a different kind of sales marketing? The owner of this converted Cold War bunker in northwest London clearly thinks so. The sales particulars for this 10,000-square-foot concrete house
U.S. President Donald Trump returned to the White House on Monday despite still being infected — a move analysts say could draw “backlash” and shows he doesn’t take the virus seriously. “The president’s campaign is going to be severely handicapped even if he’s back in the office for the next couple of weeks,” pointed out Mark
Take a look at some of the biggest movers in the premarket: MyoKardia (MYOK) – The biotech company agreed to be bought by Bristol-Myers Squibb (BMY) for $225 per share in cash, or $13.1 billion – a 61% premium to its closing price on Friday. MyoKardia’s lead drug is a treatment for irregular heart rhythms and
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
For some college-bound students, free tuition programs are the only way to make higher education a reality. Now one of the bigger offers is in jeopardy, just when students need it the most. According to the New York State Higher Education Services Corporation, which runs the state’s Excelsior Scholarship, the coronavirus pandemic caused a dramatic reduction
Abraham Lincoln statue in front of the Illinois State Capital Building in Springfield, Illinois getty Longtime readers with particularly good memories may recall my first actuary-splainer: “Why Public Pension Pre-Funding Matters.” Knowing that many public pensions have had a long legacy of unfunding, and that the elected officials in charge of those plans have been
Colorful tech figure and sometimes taunter of the IRS John David McAfee has been indicted for federal income tax evasion. Given his profile, particularly such antics as proclaiming that he isn’t filing tax returns but the IRS can come find him, it may not seem a surprise that McAfee is in some serious hot water.
Chief Executive at EastBanc, a multinational real estate development company headquartered in Washington, D.C. getty Some think that the Covid-19 pandemic will be the final straw for brick and mortar retail after years of struggle. However, many of the challenges retail faces today — excess space leased at high term and rent, competition with e-commerce and
Bristol-Myers Squibb CEO Giovanni Caforio told CNBC’s Jim Cramer on Monday why the pharmaceutical company paid a premium for heart drugs company MyoKardia. Bristol Myers announced earlier that day it would dish out $13 billion for MyoKardia, whose stock surged double digits during the session to close short almost five points from Bristol Myers’ $225 offer price.
Crowdcube co-founder and CEO Darren Westlake. Crowdcube LONDON — British start-up investing platforms Crowdcube and Seedrs are set to merge in an industry-shaking deal that will create a £140 million ($181.4 million) equity crowdfunding powerhouse. Crowdcube and Seedrs, founded in the wake of the 2008 financial crisis, shook up the capital markets by allowing the
kali9 | E+ | Getty Images The Covid-19 pandemic has produced a rise in estate planning. To that point, a survey conducted for LegalZoom.com found that 32% of young people ages 18 to 34 said they got a will because of Covid-19. What’s more, 21% of that age group also drew up a will specifically
As a CERTIFIED FINANCIAL PLANNER™ professional with over 30 years in the financial services industry, I am often asked, ‘Is it too early to start planning for retirement?’ And my answer is always the same – it is never too early! The Report on the Economic Well-Being of U.S. Households in 2018 which was released in
November 21: Last day to claim CARES Act stimulus payment. getty The Internal Revenue Service today announced that it’s extending the deadline to claim an Economic Impact Payment by five weeks to help individuals who haven’t yet received a stimulus payment and don’t normally file a tax return. The new deadline is November 21, pushed
The Covid-19 pandemic is influencing how are homes are designed and remodeled, according to … [+] designers and architects around the country. Photo Courtesy of Deckorators; deckorators.com // Wellness by Design (Tiller Press), (c) J. Gold The American Institute of Architect’s third quarter 2020 Home Design Trends Survey shows a strong jump in the number
White House physician Sean Conley (R) gives an update on the condition of US President Donald Trump, on October 3, 2020, at Walter Reed Medical Center in Bethesda, Maryland. Brendan Smialowski | AFP | Getty Images President Donald Trump‘s doctors are using almost every drug in the Covid-19 arsenal to treat him, worrying some physicians