Month: August 2020

While I discussed a variety of ways that insurance companies manage the risks around supporting lifetime income guarantees, fees are the headline mechanism for managing the guarantee risk. Fees can be used to purchase financial derivatives and support other forms of risk management for the guarantee. Deferred variable annuities generally have several types of ongoing
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Last puzzle piece. getty In this episode of Willis Weighs In, Benjamin M. Willis, Tax Notes Federal contributing editor, discusses carried interests with partnership tax expert Monte A. Jackel. Monte and Ben speculate on what the new regulations are expected to look like and provide their opinions on potential IRS overreaches likely to be overturned if potentially tenuous arguments
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filadendron | E+ | Getty Images Financial upheaval and uncertainty has become the norm for many Americans, thanks to the coronavirus pandemic. Millions are unemployed, and scores of companies have been impacted by the economic slowdown. With so much uncertainty, it can be difficult and even scary to think about your money, much less make
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Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set
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Co-Founder and Managing Partner of Disrupt Equity. Learn more about investment opportunities by visiting our website. getty “Buy land; they’re not making any more of it.” This famous quote attributed to Mark Twain evinces a very simple yet profound idea regarding real estate investing. Since time immemorial, land has been an irreplaceable asset. Land cannot be
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A lab technician visually inspects a filled vial of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California. Gilead Sciences | via REUTERS Gilead Sciences will be able to make enough of its antiviral drug remdesivir to meet global demand due to the coronavirus pandemic in October, the biotech
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By Kerry Hannon, Next Avenue Contributor getty Before the pandemic, people looking for work often went to mammoth job and career fairs in nearby convention centers. These days, like just about everything else, job fairs have gone virtual. Given today’s high unemployment rate and painful Covid-19 layoffs, they’re valuable for laid-off job seekers. Attending a
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As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
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FHFA, which oversees the two mortgage-buying enterprises Freddie Mac and Fannie Mae, is now … [+] mandating that multifamily property owners with government-backed loans in forbearance inform renters about the eviction protections the policy extends to them. getty After Congress let the CARES Act eviction moratorium lapse late last month, the Federal Housing Finance Agency
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Cadillac Lyriq show car GM General Motors unveiled the Cadillac Lyriq crossover Thursday night as the “next chapter” for the American luxury brand and a “technology spearhead” for the automaker. The Lyriq is the first to debut with the automaker’s next-generation batteries and EV architecture. GM executives believe the technologies will rival, if not outperform,
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