Economic Security Planning, Inc. Today’s column addresses questions about applying for spousal benefits only while delaying retirement benefits, when someone can become eligible for retirement benefits and how filing for widow’s benefits at 60 affects the amount of the benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Month: December 2020
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. getty As we reach the final quarter of the year, few real estate experts are likely looking back on 2020 and boasting about their accurate forecasting abilities. Last year at this time, no one could have predicted the trends
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the single largest U.S. online shopping day ever, according to Adobe
Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images While you’ve been watching the price of bitcoin soar to an all-time high, another cryptocurrency has been quietly staging a comeback of its own. Ether, the world’s second-largest virtual currency
PixelsEffect | E+ | Getty Images In between the small gatherings of close family this holiday season, there may be more quiet moments and time for reflection than usual. For financial advisors, this can be a time to pause and think about the lessons we have learned in 2020. As I started to think about
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters S&P’s action on Tesla showed the growing power of indexers and passive investing. S&P Dow Jones Indices has announced that Tesla will be added to the S&P 500
If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The asset’s appreciation has skyrocketed this year, rising by 160% in 2020. Understand that if you want to take a few of
Getty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million
U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years since the start of the
December 1 is Giving Tuesday 2020. Donating stock to charities can be more effective and … [+] tax-efficient than cash donations. GETTY As the stock market reaches new highs, the needs of charities and nonprofits are greater than ever. Making donations of stock instead of cash provides critical financial support to them and a potentially
By Richard Eisenberg, Next Avenue getty Having trouble managing your finances, research has shown, can be an early sign of cognitive difficulty and even dementia. But two fascinating recent studies suggest how important it can be to your mental health and your wallet to keep up your financial literacy and your confidence about it as
Kenny Kane is the Chief Operating Officer at Firmspace. getty As my family begins to plan our own modified holiday celebrations for winter, I’ve been thinking about how to make this holiday season special for my team, even as old modes of connection are limited. Professionals — especially those who work independently or run small real
The New York State Department of Health is implementing emergency measures to help hospitals cope with the surge in Covid cases and hospitalizations as the outbreak grows more severe across the state, Gov. Andrew Cuomo announced Monday. Cuomo said if some parts of the state hit a “real hospitalization crisis,” the state could implement a
The U.S. may be on the cusp of a double-dip recession. Economist Stephen Roach believes surging coronavirus cases are disrupting Wall Street’s hopes for a V-shaped recovery. “With the infection rate soaring right now, a still vulnerable U.S. economy is likely to experience further lockdowns,” the Yale University senior fellow told CNBC’s “Trading Nation” on
andresr | E+ | Getty Images You don’t have much time left to give your Medicare coverage a yearly checkup and make changes for 2021. The program’s annual enrollment period ends Dec. 7. If you take no action, you’ll automatically remain enrolled in your current plan. However, if you pass on the opportunity to see
getty Hitesh Madhubhai Patel (a/k/a Hitesh Hinglaj) of Ahmedabad, India, has been sentenced to 20 years in prison for his role in operating and funding call centers that defrauded U.S. victims out of millions of dollars between 2013 and 2016. Patel, an Indian national, was prosecuted in the United States after being extradited from Singapore
One key to success when diversifying your investment portfolio to include property overseas has nothing to do with purchasing property overseas. It has to do with your exit. Here are eight strategies and tips for selling for maximum return when the time comes. Resale Tip #1: Don’t Buy Common iStock.com/Suwaree Tangbovornpichet As the adage goes,
The penthouse has two offices with built-in bookshelves. Elite Auctions A waterfront penthouse in Baltimore that was once owned by the late novelist Tom Clancy is headed to the auction block on December 12 with no reserve price. The best-selling author of the Jack Ryan novels chose a Ritz-Carlton Residence penthouse on the waterfront and increased its size by combining