Paying to much in taxes in retirement is for the dogs. Getty Assuming you still have some form of income, tax planning does not end once you retire. The Internal Revenue Service (IRS) will always expect you to pay taxes on your retirement income. For those who are well prepared to maintain their standard of
Month: August 2020
The world over, cities will struggle, but they will rise. getty It helps to remember why so many Americans (and people worldwide) live in cities. For centuries people have flocked to New York, to Paris, to Rome, to Berlin, to Shanghai, to Los Angeles. They have come seeking jobs, seeking companionship, seeking freedom, seeking love.
On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available testing that will keep it
Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., celebrates after ringing a bell as NIO stock begins trading on the floor of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) at the NYSE in New York, September 12, 2018. Brendan McDermid | Reuters BEIJING — Once on the brink
Jennifer Moon has waited more than two months for unemployment benefits — and the delay presented a scary situation. Absent any income, the 46-year-old, who lives in Cedartown, Georgia, fell behind on bills. Lenders repossessed her car. She lost water at her home, which she rents, before a friend helped pay the bill. Most significantly, Moon,
getty On January 1, 2021, the 401(k) world as you know it will be reborn. It may start out slowly at first, but ultimately the popular retirement savings vehicle will change. And you should be happy. It’s very possible, if not likely, the new and improved “401(k) 2.0” will allow you to benefit from broader
Khao soi curry from Thai Direct Bowls. Lita Wall When Forbes last spoke with Lita Wall, the owner of Thai Direct Bowls in Manhattan, it was April, scarcely a month into the COVID-19 pandemic. At the time the future looked bleak. “Everyone is afraid,” she said. “You have to spend money on marketing to actually
Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020. Brian Snyder | Reuters New coronavirus cases in the U.S. grew by nearly 48,700 on Friday, marking seven consecutive days the daily count fell below 50,000 as the nation gradually descends
A firefighter rubs his head while watching the LNU Lightning Complex fires spread through the Berryessa Estates neighborhood of unincorporated Napa County, Calif., on Friday, Aug. 21, 2020. Noah Berger | AP Photo Some of California’s largest wildfires in state history are growing larger and more destructive, with no end in sight as emergency response
Democratic presidential candidate Joe Biden speaks at a June 25 campaign event in Lancaster, Pennsylvania. Mark Makela | Reuters Health insurance for the nation’s older population could undergo some changes if Joe Biden wins the presidential election in November. The Democrat nominee wants to expand both Medicare coverage and eligibility for the program, as well
getty Historically low interest rates can generate historic tax benefits. At least one of these tax benefits can be reaped without giving up immediately any cash or property: a charitable contribution of a remainder interest in a home, vacation home, or farm. Ownership of property can be divided into two portions. A lifetime interest, or
Savvy crypto users are always looking for ways to minimize taxes on cryptocurrency transactions. Since cryptocurrencies like bitcoin are treated as property per IRS Notice 2014-21, every time you sell, trade or exchange tokens into USD or other cryptocurrencies there is a taxable event where you have to pay taxes on, if there is a
Blenkinsopp Hall lies at the heart of the estate, which is set in Northumberland, England ©simonjauncey 2019 A 540-acre country estate by Hadrian’s Wall in northeast England has hit the market for offers in excess of $6.3 million. The Blenkinsopp Estate lies in Northumberland just below the border with Scotland and has been in the
Robert O’Neill speaks during book signing and lecture at Richard Nixon Library on July 26, 2017, in Yorba Linda, California. Phillip Faraone | Getty Images A former Navy SEAL who said he killed Osama bin Laden was banned by Delta Air Lines this week for not wearing a face mask on a flight, according to a person
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California, June 22, 2020. Brooks Kraft | Apple Inc. via Reuters The blistering rally that pushed Apple‘s market value over $2 trillion this week is showing no signs of slowing. Shares of Apple jumped
CasarsaGuru | E+ | Getty Images This fall’s back-to-school shopping list certainly isn’t looking like those of years past. With many schools across the country going virtual, or offering part-time distant learning, parents are rethinking what their kids will need as the school year gets underway. “We’re being forced to really look at how we
By Juana Poareo, Next Avenue Contributor getty Kaci Smith, 36, recalls the gradual emergence of her PTSD symptoms about three years ago when she’d been caring for her mother at home following her mom’s 2012 stroke. “It would be things like almost feeling like a panic attack,” says Smith, a Rochester, N.Y. teacher. “If she
Brad Ruoho, owner of the Legacy Toys in Bloomington, Minnesota. The store has used its PPP loan to … [+] build out an e-commerce business from its seven locations in Minnesota and North Dakota. (Photo by Kerem Yucel / AFP) (Photo by KEREM YUCEL/AFP via Getty Images) AFP via Getty Images Cities in California, Florida,
A Brightline train at the company’s MiamiCentral terminal. Joe Raedle/Getty Images Brightline, the sole private passenger rail service in the U.S., has a green light from transit agencies to begin planning two extensions for its $5 billion high-speed train to Las Vegas that would tie it into existing Los Angeles-area commuter rail lines and, someday,
Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | Pool | Reuters The U.S. could get the coronavirus pandemic under control if most Americans wear masks, embrace social distancing and practice good
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