AJ Watt | Getty Images In early March, U.S. health officials had a stark warning for older Americans: You are more at risk for complications if you contract Covid-19, so avoid leaving your home. For Medicare’s 62.5 million beneficiaries — the majority of whom are 65 or older and more likely to use medical services
Month: August 2020
Some Americans may still be recovering from the disappointment they felt after receiving stimulus checks for less than anticipated. One particular cohort that may have received reduced checks: those who were due $500 payments for children under age 17. The U.S. government rushed out $1,200 stimulus checks to Americans this spring after Congress passed the
Investor Kevin O’Leary believes in tough love, especially now when entrepreneurs on Main Street are trying to figure out whether it’s time to hang onto their business — or shut down. “This is the time to stay focused and positive,” O’Leary said, speaking at CNBC’s Small Business Playbook virtual summit on Wednesday. “Entrepreneurs are creative by
Sheryl Sandberg, COO of Facebook speaks onstage during ‘Putting a Best Facebook Forward’ at Vanity Fair’s 6th Annual New Establishment Summit. Matt Winkelmeyer | Getty Images Facebook COO Sheryl Sandberg on Wednesday said the social media company needs to work with whoever wins the 2020 U.S. election to address their concerns about Big Tech. “We
A security guard wearing a protective mask gives a shopper hand sanitizer at a store in San Francisco, California, during a phase of reopening in June. Michael Short | Bloomberg | Getty Images After 102 days with no community spread of Covid-19, New Zealand on Tuesday announced four new cases that were transmitted locally, causing
getty Two years ago, the Trump Administration quietly began a review of the nation’s long-term care (LTC) insurance system, focused primarily on ways to enhance private coverage. This week, just as quietly, an administration task force released its report. Unfortunately, for the most part, the group was unwilling to commit to any meaningful changes to
A small green tree grow from its parent getty I write a lot about the importance of retirement and estate planning. It’s not hard to get people to acknowledge that it’s critical for everyone, especially those of us who have reached the second half of life. We need to ask hard questions about how we
Doctor discusses health concerns with couple getty In our last post, we shared landmark new research showing that retirees have been less hard hit financially by the COVID-19 pandemic than younger people. Retirees’ sense of financial security has declined less for a combination of reasons – most no longer have to worry about their jobs,
WASHINGTON, DC – AUGUST 10: U.S. Treasury Secretary Steven Mnuchin speaks as White House Budget … [+] Director Russell Vought looks on during a news conference at the James Brady Press Briefing Room of the White House August 10, 2020 in Washington, DC. U.S. President Donald Trump was briefly evacuated from the room due to
What do you do if you and a co-worker are hopelessly smitten? Is it okay to date and have a … [+] relationship? Employment lawyers urge caution. getty Is it ever okay to start a workplace romance? It’s an age-old question, the subject of countless comedies and dramas, and yet there are no easy answers.
Economic Security Planning, Inc. Today’s column addresses questions about when and how spousal benefits can become available, when survivor benefits are available and how the WEP and GPO can affect their availability and potential effects of remarriage on benefits based on an ex’s record. Larry Kotlikoff is a Professor of Economics at Boston University and
A hurricane approaching the East Coast of the U.S. getty Weather forecasters say that the 2020 hurricane season is shaping up to be a doozy, with bigger storms and more storms threatening to wreak havoc. Last week, the National Oceanic and Atmospheric Administration said that there could be as many as 25 named storms, which
VC firm Fifth Wall seeks to help the real estate industry build scalable carbon-reducing solutions. Jeff Newton Studio LLC In our current model of capitalism, carbon emissions and environmental harm resulting from business operations are externalities that can be largely ignored by businesses and investors. But, as consumers, policymakers and society at large begin to
Thanks to a new fee coming Sept. 1, homeowners are going to pay a lot more to refinance their … [+] mortgages. getty If refinancing your mortgage was even slightly on your radar, you may want to act fast, because come September 1, it’s going to be a lot more expensive. That’s because mortgage purchasers
A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale by RM Sotheby’s is part of a series of online auctions being held this month by classic car companies to replace the auctions usually held
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
With Congress unable to reach a compromise on a new round of support for Americans impacted by the pandemic and recession, President Trump signed memoranda last weekend that partially restore enhanced unemployment benefits, defer payroll taxes for most Americans, and extend a moratorium on federal student loan payments. The constitutionality of these measures is now
A Stein Mart store in King of Prussia, PA. Google Earth The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. The
Check out the companies making headlines before the bell: Brinker International (EAT) – The parent of the Chili’s and Maggiano’s Little Italy restaurant chain reported an adjusted quarterly loss of 88 cents per share, smaller than the loss of $1.37 that Wall Street analysts had predicted. Revenue did come in below forecasts, but Brinker is
Who will step up to save Social Security Benefits? President Trump has signed an executive order … [+] which appears to be death knell in the coffin of Social Security Trust funds solvency. Here are 4 ways to save social security now. Getty Images Before the Coronavirus decimated much of the U.S. economy, Social Security
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