Bernd Vogel | Getty Images America’s millionaires are bracing for a tax hike next year, despite predictions of Washington gridlock and a Republican-led Senate, according to the CNBC Millionaire Survey. Nearly two-thirds of millionaires say taxes will go up under a Biden administration, according to the survey, which questioned 750 people with investible assets of
Month: December 2020
jayk7 | Moment | Getty Images This has been the year of unpredictability. The pandemic, including self-quarantining for months, is top of mind for people around the globe. The many other surprises this year include the fastest bear market in history, civil unrest, quite a unique U.S. presidential election, the speedy creation of a coronavirus
Ting Shen/Bloomberg via Getty Images Unemployed workers would get an extra 11 weeks of jobless benefits and a $300 weekly enhancement to aid payments as part of a Covid relief deal Congress reached Sunday. Certain self-employed and gig workers would also get an extra $100 a week, according to a document summarizing the legislation. The
Free Financial Planning Clinic Retirement planning sign at Hyatt Regency Hotel. (Photo by: Jeffrey … [+] Greenberg/Universal Images Group via Getty Images) Universal Images Group via Getty Images Despite rumors older people maybe skittish about working and being out in the world before they can get the COVID-19 vaccine, planning to work longer in old
getty The widow(er)’s penalty tax is one of the least known yet most onerous of the retirement Stealth Taxes. I frequently warn people about the solo years, the years after one spouse has passed away. The surviving spouse has to maintain the household with one less Social Security benefit and perhaps a decline in other
Property managers are tasked with taking care of a particular real estate holding’s needs, but these holdings differ by classification. Luxury properties tend to need more care and attention than standard residential properties. As a result, the property managers of these types of real estate need to display a different set of skills altogether. As
Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images Officials with Operation Warp Speed, the U.S. government program to distribute Covid-19 vaccines to Americans, had to slash
US Senate Majority Leader Mitch McConnell speaks during a news conference with other Senate Republicans at the US Capitol in Washington, DC, on December 15, 2020. Tom Brenner | AFP | Getty Images Stock futures rose in overnight trading on Sunday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown deadline.
National Family Caregivers Month, celebrated in November, is over —and before you ask, ‘Who knew?’, read on. December follows with the annual Home for the Holidays Campaign, on behalf of the nation’s Aging Network—and this year, to help navigate these challenging times the focus is on directing older adults and family caregivers to the nation’s
People walk past the US Capitol in Washington, DC on December 16, 2020. – Congressional leaders on … [+] December 16, 2020 said they were nearing a long-awaited agreement on a stimulus package for the US economy, while the Federal Reserve is set to provide updated forecasts on an uncertain outlook.A federal relief package to
A new passive house development in Brooklyn. Travis Mark As New Yorkers continue to grapple with the COVID-19 pandemic, now in its second wave, and with the threat of climate change looming, “passive house” developers in the country’s densest city see their building philosophy as a response to these ongoing challenges — and hope this
A Centers for Disease Control and Prevention panel voted Sunday to put “frontline essential workers” and people 75 years of age and older next in line to be eligible to receive a vaccine against Covid-19. That so-called phase 1b group is estimated to include about 49 million people, or nearly 15% of Americans, according to
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla‘s S&P 500 inclusion will be officially completed at the open of trading Monday. The electric car maker will have a
Window shoppers view holiday decorations at the Williams & Sons Country Store in Stockbridge, Massachusetts, on Dec. 13, 2020. Joseph Prezioso | AFP | Getty Images While the Covid crisis has boosted the wealth of many of the richest Americans, it has made some reconsider their holiday spending. Nearly a quarter of millionaires surveyed for
Economic Security Planning, Inc. Today’s column addresses questions about divorced spousal benefits and what they mean for other benefits available on a person’s record, when continuing income is counted, disability and retirement benefit amounts and a possible reason for extra payments. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
STERLING, VA – DECEMBER 13: U.S. President Donald Trump climbs into golf cart number 45 as he golfs … [+] at Trump National Golf Club on December 13, 2020 in Sterling, Virginia. (Photo by Al Drago/Getty Images) Getty Images It’s perhaps the most fitting end for a presidency plagued by crisis and mismanagement: the federal
One construction worker using a staircase in the scaffolding of TSX Broadway on October 29, 2020 (AP … [+] Photo/Mary Altaffer) ASSOCIATED PRESS Although many tourists are not coming to New York during the COVID-19 pandemic, foreigners still have their sights set on Broadway. According to a recent court filing, the real estate developers planning
G2 Esports fans during Quarter Finals League of Legends World Championship match between G2 Esports and Damwon Gaming on October 27, 2019 in Madrid, Spain. Borja B. Hojas | Getty Images For the uninitiated, think of esports like you would any other sport. Instead of baseball, hockey, chess or curling, it’s video games like CSGO,
getty Quick, did you look at your calendar? The year is almost over. Were you able to get everything done that needed to get done? And what about planning for your retirement? Did you forget about that? ADVERTISEMENT As the end of the year approaches, you may find yourself up against important deadlines. There’s still
Getty When Brian Murphy, CEO of flexible office space Breather, threw in the towel on his startup’s business model this week, he left no doubt that 2020 has been a defining year for the entire industry. “The decision I’ve made is that Breather in its current form as an operator doesn’t make sense and, to
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