Luis Alvarez | DigitalVision | Getty Images Whether 2021 will bring higher taxes for small-business owners may depend on the outcomes of the two Georgia Senate races that will be decided in January. Indeed, two contests in the Peach State are heading to runoff at the start of 2021. Those races are between GOP Sen.
Month: November 2020
getty The IRS recently issued proposed regulations that will reduce required minimum distributions (RMDs) on IRAs, other qualified retirement plans, and annuities. It’s a small help for retirement account owners who don’t need all the money they’re required to take from their plans each year. Most owners of IRAs and other qualified retirement plans who
When, and how, to apply for PPP Loan forgiveness. Getty The Paycheck Protection Program (PPP) was a huge component of the CARES stimulus package aimed at helping smaller businesses and non-profits stay afloat in the beginning of the pandemic. The program was fraught with administrative changes and nuances, but nonetheless 5.2 million loans were granted
It took all of about five weeks for “Dancing With the Stars” contestant Jesse Metcalfe to land a … [+] buyer for his home in the Hollywood Hills. Hilton & Hyland After cutting a rug as a contestant on “Dancing With the Stars,” actor Jesse Metcalfe has cut himself a deal in the housing market,
Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without the Badger, focusing on GM
A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of positive vaccine announcements. Shares of
Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving. Instead of one-day doorbuster deals, retailers like Walmart and Home Depot have been rolling out discounts in the days, or even weeks, ahead of the official start of the holiday season. And many of the best bargains
The old 4% drawdown formula is now hazardous. Try 3%. Security getty Lucky you, to be retiring today, when your retirement assets are so richly valued. But not as lucky as you think. Rich stock and bond prices help only so much. The big question for someone living off savings is how much can be
A golden labrador retriever lays on the floor in front of a clean chalkboard with two young kittens … [+] in a basket. getty The emotional support pet has never been more popular than during the coronavirus pandemic. As COVID-19 cases continue to surge across the country and America faces another round of stay-at-home orders,
Travelers wearing protective masks wait in line to go through security at San Francisco International Airport (SFO) in San Francisco, California, on Monday, Nov. 24, 2020. David Paul Morris | Bloomberg | Getty Images With Covid-19 deaths rising rapidly and daily new cases and hospitalizations both reaching all-time highs, epidemiologists and public health officials are
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Check out the companies making headlines after hours on Tuesday: HP Inc. —
Lisa Lickers, her husband and their blended family before the arrival of their baby. Source: Lisa Lickers Navigating the terrain of a blended family’s financial life is tricky enough in normal times. Add a pandemic into the mix, and things can get downright exhausting. “Stressful financial situations bring to the surface underlying family dynamics,” said
Every person who donated cash, canned goods, community care food boxes or frozen turkeys received a … [+] big “Turkey Drive” donor sticker as evidenced on the hand of a Kroger grocery store customer, Thursday, Nov. 19, 2020, in Jackson, Miss., during the WAPT television station’s ninth annual Turkey Drive 16. The donations received benefit
Economic Security Planning, Inc. Today’s column addresses questions about whether filing for retirement benefits will mean an end to spousal benefits, whether filing for divorced spousal benefits at 62 would affect retirement benefits and what happens to the money a person paid into Social Security when they die. Larry Kotlikoff is a Professor of Economics
Pet adoption and foster rates have soared during the pandemic. But for those living in dense urban … [+] areas, finding pet-friendly accommodations isn’t always easy. getty More dogs and cats are finding homes during the coronavirus pandemic, as many people have turned to furry friends to fill the emotional void while they social distance
Japanese automaker Nissan has a history of saving itself from the brink of disaster. Right now it is trying to repeat the trick. Like all other automakers, the company is losing money from the coronavirus pandemic. But it’s also trying to recover from some self-inflicted wounds by former Nissan executives, including ex-CEO Carlos Ghosn. Now
Traders work the floor of the New York Stock Exchange. NYSE U.S. stock futures rose slightly on Tuesday night following a banner day for three of the for major market benchmarks. Dow Jones Industrial Average futures traded higher by 21 points, or 0.1%. S&P 500 futures also climbed 0.1% and Nasdaq 100 futures advanced 0.2%.
Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the new initiatives that the luxury department
Cars line-up as the Los Angeles Regional Food Bank distributes food outside a church in Los Angeles on Nov. 19, 2020. Mike Blake | Reuters Ahead of the Thanksgiving holiday, a temporary drive-through to distribute food to those in need was set up near Lancaster, California, north of Los Angeles, on Tuesday. At least 2,000
Then-Fed Chair Janet Yellen testifies before a Senate Banking, Housing and Urban Affairs Committee … [+] hearing in 2017. (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call, Inc via Getty Images Wall Street reacted positively to President-elect Joe Biden’s nomination of Janet Yellen for Treasury secretary. The Dow Jones Industrial Average hit a record high
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