Month: December 2020

Despite new challenges brought on by COVID-19 in 2020, retirement planning remains a core part of financial security. All retirement planning is deeply personal. It is not just about saving money, reducing taxes, or having money that lasts a lifetime – it is about accomplishing goals and living with dignity throughout life. Because of this
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Economic Security Planning, Inc. Today’s column addresses questions about potential future survivor’s benefits a spouse could receive in the event of the record holder’s death, when divorced spousal benefits might be available and filing options when eligible for both retirement and widow(er)’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the
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U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015. Yuri Gripas | Reuters BEIJING — Hope is fading for a significant change in U.S.-China relations under President-elect Joe Biden, Alicia Garcia-Herrero, Natixis’ chief economist for Asia-Pacific, said on Thursday. Relations
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Scott Heins | Getty Images News | Getty Images The next stimulus package may include relief for renters struggling in the pandemic. In a summary of the bipartisan legislation circulated on Wednesday, lawmakers included a national eviction moratorium until February, 2021, and $25 billion in rental assistance for tenants who’ve fallen behind. Those funds would
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In this installment of Willis Weighs In, Benjamin M. Willis, contributing editor for Tax Notes Federal, and Jasper B. Smith, executive editor for commentary at Tax Notes, discuss the fundamentals of tax planning.  About the Guests Benjamin M. Willis is a contributing editor for Tax Notes Federal. He has worked in PwC’s national mergers and acquisitions and international tax services
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Topline To avert a looming government shutdown this weekend, the House of Representatives Wednesday passed a continuing resolution that will keep the government running and give lawmakers more time to pass a comprehensive coronavirus relief bill and a $1.4 trillion omnibus budget bill for the 2021 fiscal year. House Majority Leader Steny Hoyer (D-MD) talks
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General Gustave Perna, chief operating officer for the Defense Department’s Project Warp Speed, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images U.S. officials said the federal government plans to start distributing 2.9 million Covid-19 vaccine
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Image Source | DigitalVision | Getty Images As Capitol Hill lawmakers continue to work on the next round of coronavirus relief, a big question remains: Will there be a second round of $1,200 stimulus checks? Based on one new plan, lawmakers for and against those checks could split the difference and send $600 one-time payments
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Billionaires Elon Musk, Jeff Bezos and Bill Gates all live in states that don’t collect income tax. Credit: Saul Martinez/Getty Images, Michael Prince for Forbes, Chesnot/Getty Images Tesl TSLA a CEO Elon Musk has moved his primary residence from California to Texas, according to reports on Tuesday, which means the three richest people in American—Musk,
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