From my perspective as investment counsel focusing on retirees, I want to see everyone paying themselves first by automating the savings process. And, the further retirement is away from today, the more impact those saved dollars have when invested properly. Of course, things can intervene, like losing a job, or being hit with the unexpected
Month: June 2021
Here are strategies for people aged 60 to 72 who have left the workforce. 1. Postpone Social Security. Social Security is a lifetime, inflation-adjusted, low-risk annuity. It’s valuable. When you collect before turning 70, you are in effect selling off a piece of that asset and probably getting a poor price for it. Do people
A Boeing plane sits on the tarmac at the Boeing South Carolina Plant in North Charleston, South Carolina, March 25, 2018. Randall Hill | Reuters Boeing named Brian West, a former executive at General Electric‘s aviation arm, as its new CFO, after its current finance chief earlier this year announced his retirement. West will be
kate_sept2004 | E+ | Getty Images If you haven’t gotten your 2020 tax refund, you are in good company. At the end of the 2021 filing season in May, the IRS had a backlog of 35 million tax returns that still needed to be manually processed, according to a report released Wednesday by the National
In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond fiscal first-quarter sales climbed nearly 50%, as the retailer’s turnaround initiatives including launching new brands and remodeling stores helped to draw in customers for everything from blenders to bath mats. The progress coming ahead of the key back-to-school shopping season was enough
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. WideOpenWest — The U.S. cable operator saw its stock price increase 12.3% after it announced it will
China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore
Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers
In this article MS Thomas Barwick When it comes to gender or racial diversity, the wealth management industry falls woefully short. Just about 23% of certified financial planners were female as of 2020, while less than 4% were Black or Latino, according to the CFP Board, which certifies planners. Executives from Morgan Stanley and Northwestern
People walk outside “Hamilton” at Richard Rodgers Theatre in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive as much as $50 million from the Shuttered Venue Operators Grant program, a $16 billion federal aid program that provides pandemic relief
Eugene is the Founder of The Litvak Team @ Compass — one of the top producing and largest teams at Compass. Like-kind real estate exchanges, known as 1031 exchanges, have been an integral part of real estate investment for the last century. The first like-kind exchanges were authorized 100 years ago under the Revenue Act of
The economic hardships caused by COVID-19 have been felt unevenly among Americans, with worse outcomes for women, people of color, lower-income workers, and those with less formal education. New government and private sector research highlights the financial challenges that existed before the pandemic and demonstrates the impact of the past year on the lives of
Biden’s Green Book was released on May 28, 2021 and provided further detail and effective dates surrounding his tax proposals. While many anticipated that high net worth taxpayers would be targeted to pay additional taxes, limitation on like-kind exchanges coupled with increased tax rates on long-term capital gains could cause the 2022 tax bill of high-income
Dr. Scott Gottlieb told CNBC on Wednesday he believes there’s enough Covid immunity protection across the U.S. population that, even as the highly transmissible delta variant circulates, the country is unlikely to experience a situation nearly as dire as previous points in the pandemic. “I don’t think it’s going to be a raging epidemic across
Hero Images | Getty Images Many investors already know about the tax benefits of municipal bonds — also known as muni bonds or “munis.” Now these assets have also become popular among those who want to have an impact on climate and social change. In addition to tax savings and relatively low risk, muni bonds
Workers at grocery delivery company Dingdong pack up vegetables for orders the company claims customers can receive in about 30 minutes. Dingdong BEIJING — Chinese grocery delivery company Dingdong closed 2 cents higher in its U.S. IPO Tuesday, following a 70% cut in the offering size. The lackluster performance comes amid a surge in Chinese
The Old Village of Lawers is up for sale for offers over £125,000 ($172,859). The Old Village of Lawers photography The remains of a village in Scotland, which is supposedly haunted, has gone up for sale for offers over £125,000 ($172,859). The ruins of the Old Village of Lawers sits on the shore of Loch
In this article ZM 6694.T-JP Charlie Munger, vice chairman of Berkshire Hathaway, revealed he is fond of Zoom, saying the videoconferencing software will keep thriving even as life goes back to normal after the pandemic. “I have fallen in love with Zoom,” Munger said during an interview with Becky Quick on CNBC’s special “Buffett & Munger:
Design Star: Next Gen host and former Dancing with the Stars pro Allison Holker Boss has millions of followers on social media. Many regulars pop in to watch Holker Boss, 33, and her Ellen Show DJ and dancer hubby, Stephen “tWitch” Boss, 38, blow up TikTok and Instagram with the latest dance craze. Whether they
Earlier this month, the forensic investigation of the $90 billion-plus State Teachers Retirement System of Ohio commissioned by the Ohio Retired Teachers Association and performed by my firm, was completed. The damning preliminary findings have now been reported to Ohio legislators, regulators and law enforcement. ADVERTISEMENT The report concluded the state pension has long abandoned
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