Warren Buffett is celebrating his 90th birthday on Sunday. The longtime chairman of Berkshire Hathaway and investing icon is still going strong with a career that’s stretching toward seven decades. Buffett’s sustained market success has earned him the moniker “The Oracle of Omaha” and a cult following of want-to-be financial savants hoping to soak up
Month: August 2020
DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
DusanManic | iStock | Getty Images Many people’s retirement dreams received a reality check following the economic downturn caused by the coronavirus pandemic. New research shows that’s especially true for older workers. A recent report from Democrats on the Joint Economic Committee of Congress found that workers ages 65 and up were hit harder by
Having more tax-free retirement income is reason to celebrate Getty Whether tax rates are high or low, I will hear people complaining about the taxes they get to pay. Let’s be real; no one likes paying taxes. 2020 is an election year, and your vote could also affect your future tax bills. But with tax
getty This year has been difficult by any metric. Without question, advanced charitable techniques like planned giving are far from the minds of many. But it can be particularly valuable for donors motivated to give during this unusual time. When there is a clear need, Americans consistently are compelled to give. Indeed, many charities (including
What’s the future of art? Superfine The pandemic has impacted every single industry, but especially the art world. Traditional art investors have not only pulled back due to financial uncertainty but also because galleries have been closed and events such as art fairs have been canceled. At the same time, the overall societal connection to
Utz Brands CEO Dylan Lissette Source: Utz Brands Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start of coronavirus lockdowns, helped by its direct-store delivery model. “Our path from manufacturing to putting it on the shelf is very fast. It can literally happen in
Getty Images Now that Federal Reserve officials have sent a clear message on their desire for higher inflation, the tough part is convincing the world that they can pull it off. For the past decade, the Fed has struggled to get inflation up to the 2% target it sees as consistent with a growing economy
Images By Tang Ming Tung Some Americans who are still waiting for their $1,200 coronavirus stimulus payments may be relieved to know their checks will soon be in the mail. The IRS announced this week that 50,000 people will receive catch-up payments for money that was withheld due to their spouse’s past-due child support. Catch-up
By Kerry Hannon, Next Avenue Contributor Getty Lots of retirees have regrets about their retirement choices. The primary problem: they were too optimistic about their anticipated retirement benefits, which led to them not saving enough during their working years. If they could go back in time, they’d have postponed retiring, paid off debts before leaving
getty Even if an asset is very common, it doesn’t necessarily mean it will be easy to donate. In fact, sometimes the most common assets are more difficult to dedicate toward charitable purposes. This is particularly true for gifts of subchapter S corporations – even if the companies are successful and very valuable. There are
Piggy bank on floor concept for saving, accounting, banking and business account getty This article was previously published in the August 2020 edition of the Forbes Real Estate Investor We believe that most REITs will survive the pandemic, continue to operate, continue to pay their cumulative preferred dividends, and have minimal impairment. This month we
While Lousiana appears to have avoided the worst projections for Hurricane Laura, the storm is disrupting the state’s coronavirus response at a particularly crucial time as schools reopen, state officials and epidemiologists said. Louisiana Gov. John Bel Edwards warned earlier this week that the storm would disrupt the state’s coronavirus response efforts. “The challenge is
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
Getty Images Changes are coming for risk-averse Vanguard investors who are parking cash. Late next month, Vanguard will transition its $125.3 billion Prime Money Market Fund to a government money market fund, investing “almost exclusively” in U.S. government securities, cash and repurchase agreements backed by government securities or cash. The fund will be renamed the
WASHINGTON, DC – AUGUST 27: Democratic Vice Presidential nominee Sen. Kamala Harris (D-CA.), … [+] delivers remarks during a campaign event on August 27, 2020 in Washington, DC. Harris discussed President Donald Trump’s failure to handle the COVID-19 pandemic and protect working families from the economic fallout prior to the last night of the Republican
getty S corporations are one of the most common types of business structure in the country. As such, S corp stock can be a common asset to find on a personal balance sheet. If the shareholder is also charitably-inclined, leveraging the appreciated securities for donation with maximum tax efficiency can be a great strategy. This
Palm Springs’ real estate market is hotter than ever getty The Palm Springs real estate market is hotter than ever. Despite average daytime temps in the 115 range, this summer’s real estate market is going down as the busiest long-time area brokers remember. Valery Neuman, founding partner of Compass Greater Palm Springs continues to be
People visit the M&M store in Times Square on July in New York City. Spencer Platt | Getty Images A former Mars executive is claiming that a member of the family and the company’s board “stamped” on his foot and told him that he would regret his choice to leave for a position with JAB
The Federal Reserve will have to keep supporting the economy as the recovery from the coronavirus pandemic “is going to be a slow one,” a top official at the central bank said Friday. “There’s more pain out there that we’re going to have to support the economy through,” Loretta Mester, president of the Cleveland Fed,
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