getty The Economic Impact Payments, or stimulus checks as they’ve come to be known as, were one of the most hotly debated aspects of the COVID-19 relief package Congress agreed to earlier this week. When the CARES Act was passed back in March, qualifying individuals received $1,200 checks. That amount is down to $600 under
Month: December 2020
For many organizations trading in goods, the run-up to 31 December 2020 involved hasty preparations for the end of the Brexit transitional period and the start, from 1 January 2021, of the UK’s new international trading relationships. This article highlights some areas that can be focused on in 2021 to improve import taxes positions. Taking
Ski area at Snowmass, Colorado. Universal Images Group via Getty Images Falling temperatures bring to mind powder ski slopes and roaring fires that help melt away the cold. In this week’s look at luxury homes on Forbes Global Properties, I set out to explore the Colorado Rockies, an area synonymous with world-class skiing and winter
When an announcement came in late November that Lauren Hobart would take the reins as chief executive at Dick’s Sporting Goods in early 2021, corporate America hit another major milestone for inclusivity that has been driven, in large part, by the retail industry. A record 41 female CEOs are soon going to be leading Fortune
Democratic President-elect Joe Biden delivering remarks on Covid-19 at The Queen theater on Oct. 23, 2020 in Wilmington, Delaware and U.S. President Donald Trump addressing supporters during a Make America Great Again rally in Gastonia, North Carolina, Oct. 21, 2020. Getty Images Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market
krisanapong detraphiphat | Moment | Getty Images Bottom-scraping interest rates in 2020 were a major factor fueling a stock market that, after plummeting in March from the pandemic, rallied to post a banner year. Low interest rates also vexed investors seeking yield from bonds purchased to diversify portfolios and reduce risk. But while bond yields
A drive-in “Let’s Feed LA County” food distribution event hosted by the Los Angeles Food Bank on Dec. 4, 2020 in Hacienda Heights, California. FREDERIC J. BROWN | AFP | Getty Images However, states must wait to begin issuing the funds. The president’s signature starts a chain reaction that will likely end with workers getting
How a reverse mortgage can be part of an integrated retirement plan getty The practice, almost without exception, is to deliver HECMs as a stand-alone. HECM reverse mortgage lenders are barred by HUD rule from delivering HECMs in conjunction with any other financial instrument. And every annuity provider we have queried has an internal rule
Founder and CEO of Rentec Direct, property management software for real estate professionals. getty Perhaps the only certain thing about 2020 is all of the uncertainty surrounding us. Experts across the board are struggling to make predictions as to what recovery will look like post-pandemic. The real estate industry and housing market have experienced some of
Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “Wonder Woman 1984” soared into theaters on Christmas day and secured the highest box office opening of any film released domestically since the coronavirus pandemic crippled the entertainment industry. On Sunday, Warner Bros. revealed that the film tallied $16.7 million in the U.S.
Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news. In Asia, shares of Alibaba in Hong Kong dropped
Nobody promised it would be easy to live 25 to 30 years in retirement. getty The fact is, human nature often gets in the way of planning effectively for retirement. Even when people take the time to learn about various retirement strategies and financial products and services, for various reasons, sometimes they just don’t get
Economic Security Planning, Inc. Today’s column addresses questions about Social Security spousal benefits based on the record of a worker who filed early, retirement benefits for a worker who dies late on the last day of the month, the Windfall Elimination Provision and withdrawing an application. Larry Kotlikoff is a Professor of Economics at Boston
Two men paint graffiti of frontline workers on a wall during the coronavirus pandemic in Mumbai, India. Imtiyaz Shaikh | Anadolu Agency | Getty Images SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place.
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures held steady in overnight trading on Sunday ahead of the final trading week of 2020. Futures on the Dow Jones Industrial Average dipped 30 points. S&P 500 futures fell 0.1% and Nasdaq 100 futures were little changed. Investors monitored the status
Tesla’s stock is stupidly expensive. It may go higher and shareholders may be rewarded, or it may languish or fall. There is no law prohibiting stupidly expensive from becoming moronically expensive. Moreover, speculative companies that actually achieve explosive sales and profit growth for a number of years can actually make outlandish valuations seem justified for
Follow-through is as important in estate planning as for your golf swing. getty 2020 estate planning was a wild ride! Throngs of wealthy Americans had their advisers assist them with all types of planning. Much of the planning was based on the fear that the Democrats would control Congress and pass harsh tax legislation. Regardless
United States Tax Court building in Washington DC Getty Taking a recent Tax Court decision at face value Dr. Gurpreet Padda has found the secret of how to make a small fortune in the restaurant business. The key is to start with a moderate fortune from the practice of medicine. Lucien Gauthier of the Boston
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks with Alex Azar, secretary of Health and Human Services (HHS), not pictured, before they receive the Moderna Inc. Covid-19 vaccine during an event at the NIH Clinical Center Masur Auditorium in Bethesda, Maryland, U.S., on Tuesday, Dec, 22, 2020. The National Institutes
Sara Blakely, founder and CEO of Spanx, turned just $5,000 into a billion-dollar business after hustling to bring her shapewear brand to market. And according to Blakely, much of her success is due to her upbringing and her mom, Ellen Blakely. In fact, Ellen raised two successful entrepreneurs: Sara, 49, and also Ford Blakely, Sara’s 45-year-old
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