MoMo Productions The secret to building sustainable income in retirement is right in front of you — and the IRS has had it all along. Retirees generally know all about required minimum distributions. This is the annual withdrawal that you must take from your individual retirement account and 401(k) plans after you turn 70½ —
Month: June 2020
Mint Images – Tim Robbins The racial wealth gap — the disparity in median wealth between the different races — is a persistent struggle, and it appears to be worsening, especially between White and Black Americans. According to a recent study by McKinsey & Co., Black Americans can expect to earn up to $1 million less than White Americans
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank
Unions representing tens of thousands of airline employees on Thursday asked lawmakers for $32 billion in additional government aid to maintain their jobs through the end of March 2021, as air travel demand remains low because of the coronavirus pandemic. U.S. passenger and cargo airlines, as well as airline contractors, had $32 billion in federal
A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters Next week brings an end, mercifully, to the first half of 2020. That’s the good news. The bad news: Wall
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
TOPLINE The market opened lower on Friday, with stocks taking a hit from the Federal Reserve’s latest bank stress test results and a new record number of daily coronavirus cases in the United States. Wall Street remains worried about a spike in new cases across the country. Spencer Platt/Getty Images KEY FACTS The Dow Jones
Without additional unemployment insurance and other government aid, the labor market and job creation are too weak for economic recovery. But Congress has not reauthorized the $600 weekly addition to benefits. NEW YORK, UNITED STATES – 2020/03/26: View of Brooklyn office of NYS Department of Labor as … [+] unemployment claims in USA soared to
Might the flexibility and adaptability of brand new office buildings, such as Zero Irving in New … [+] York City, help make them safer environments for employees returning from COVID-19 lockdowns? Davis Brody Bond Lockdowns are ending and Americans are slowly returning to their old workday haunts, aka their offices. It’d be great if they
A tray of checks is shown at the U.S. Treasury printing facility in Philadelphia in this July 18, 2011 photo. Getty Images The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new report from the Government Accountability Office finds that about 1.1 million payments, totaling
A van is said to have crashed into the Lamborghini on Wednesday afternoon. West Yorkshire Police A Lamborghini was destroyed in a collision on a highway in West Yorkshire in the U.K., just 20 minutes after the car left the showroom. The car is said to have been a Lamborghini Huracan Spyder, which can fetch
CNBC’s Jim Cramer said Thursday he’s grown worried about the stock market’s ability to continue its robust rally from the coronavirus-driven bottom. “I’m feeling uncertain here after a very big run, fourth quarter 1999-like,” Cramer said on “Squawk Box,” a reference to the run-up in equity prices that preceded the 2000 dot-com bubble bust. Cramer’s comments came after
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Even Nike, often lauded as one of the strongest
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures were mostly flat on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and disappointing quarterly numbers
Deferred variable annuities with income guarantee riders have gained popularity as a retirement income tool providing behavioral solutions for the annuity puzzle. Retirees are not always comfortable seeing the premiums disappear from their portfolio balances when buying income annuities that convert a lump-sum premium into a protected lifetime income. Many features of a variable annuity
TOPLINE The Federal Reserve on Thursday placed new restrictions on the banking industry for the first time since the aftermath of the 2008 financial crisis, requiring big banks to temporarily suspend share buybacks and cap dividend payments at current levels. The Fed cracked down on big banks in an effort to protect the economy during
Families are moving to Napa Valley as alternative to urban living Getty The Napa Valley real estate market is booming with multiple offers and bidding wars. Bay area families looking to escape the realities of urban living during a pandemic are fueling the market. Listen to Compass California President Mark McLaughlin on the market dynamics.
Hispanolistic Forget high-interest savings accounts. The IRS is crediting up to 5% interest on late tax refunds. The government agency announced it would grant interest on tax refunds that are issued after April 15 – the original due date for 2019 federal income tax returns. Bear in mind that the IRS has pushed out the
We need to get better at talking with, listening to and learning from each other, says Malcolm Gladwell, host of the popular podcast “Revisionist History.” “You can’t read somebody and make sense of someone in 10 seconds. Don’t even try,” says Gladwell, whose September book, “Talking to Strangers,” analyzes the inadequacies in people’s capacity to do so. “The
Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic successfully completed its second glide flight test in New Mexico on Thursday, a milestone that should set the company up to begin spaceflights next. The company said that after it completes “an extensive data review”
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- …
- 33
- Next Page »