People line up in their cars to receive food assistance in Groveland, Florida, near Orlando, on Dec. 9, 2020. Paul Hennessy/NurPhoto via Getty Images ‘Totally egregious’ U.S. Labor Department data issued Thursday provides the first glimpse of how delays from Congress and the president affected benefits. More than 1.7 million people dropped off Pandemic Unemployment
Month: January 2021
How much will a Cash Balance Plan lower you taxes? Depend on how large a contribution you are able … [+] to make. getty The cash balance pension plan has been growing in popularity with the self-employed and small business owners who are looking to minimize their taxes. This valuable retirement plan also works well
Economic Security Planning, Inc. Today’s column addresses questions about filing and suspending before full retirement age, how remarriage after 60 can affect the availability of different benefits and how the WEP and GPO are applied when a public pension is taken as a lump sum. Larry Kotlikoff is a Professor of Economics at Boston University
Home prices in London have reached record levels despite the economic slump caused by the … [+] coronavirus pandemic Getty Images The latest data from Britain’s land registry within the Office of National Statistics shows the average price for a home in London reached £513,997 near the end of 2020, or approximately $680,000 at today’s
The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019. Sam Yeh | AFP | Getty Images For a new venture with little revenue, Foxconn‘s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based
SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016. Brian Ach | Getty Images IBM shares moved 4% lower in extended trading on Wednesday after the company reported fourth-quarter revenue that fell short of analysts’ expectations. Here’s how IBM performed:
John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes opened around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. The after-hours moves came after a strong showing from the Nasdaq Composite earlier in the day during the regular
A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, August 23, 2017. Brendan McDermid | Reuters A single Powerball ticket purchased in Maryland is worth $731.1 million. After growing for four months with no jackpot winner, the top prize — the sixth-largest in lottery history —
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange With the inauguration — and the risk of disruption — now over, what’s next for markets? The S&P 500 has risen 15% since the election to historic highs on a series of macroeconomic hopes that have driven sentiment, technical levels, and
fstop123 | E+ | Getty Images If you pulled money from your 401(k) plan or individual retirement account last year to get through tough times, now is the time to consider next steps. The federal CARES Act that was passed in March 2020 put in place very favorable terms for qualified retirement plan participants under
Hermione Granger | Moment | Getty Images In the last few weeks, bitcoin has been on a wild ride, surging to record highs and then wiping hundreds of billions of dollars from the cryptocurrency market days later. The volatility shows why curious investors should pause before putting money into the cryptocurrency. Bitcoin had an epic
Doing good for the world gives back to you. Getty The recent presidential inauguration ceremony was an inspiring yet sobering reminder of the challenges that collectively we face as Americans. But there’s a silver lining for many of us: Seniors and retirees possess life experience and expertise that our nation dearly needs to address these
getty The three-martini lunch has been getting a lot of attention lately, thanks mostly to President Trump. For much of the last year, the president has been urging lawmakers to restore the tax deduction for business meals (and libations) to its former glory. And after months of spirited debate, he’s gotten his way, thanks to the recently enacted
Listed for $12 million, the updated contemporary residence features some 8,700 square feet of … [+] updated living space, a vanishing-edge swimming pool and a movie theater. Willis Allen Real Estate Perched atop La Jolla’s Mount Soledad, one of the highest points in the seaside community, this updated contemporary residence pairs a wealth of flexible
A photo taken in the late hours of May 29, 2020 shows a sign of the World Health Organization (WHO) at their headquarters in Geneva amid the COVID-19 outbreak, caused by the novel coronavirus. Fabrice Coffirni | AFP | Getty Images President-elect Joe Biden has tapped Dr. Anthony Fauci to lead a U.S. delegation at
A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle ahead of a virtual meeting with investors Thursday said it expects fourth-quarter
Yuriko Nakao | Getty Images Today, we’re on the precipice of what could be the largest transformational period in global history. With the first Industrial Revolution, new technologies like assembly lines, factories and transportation fundamentally changed society. This time, instead of cogwheels doing the work, blockchain-based digitalization will continue to drive transactions. Specifically, this latest
Yellow Dog Prod. | Image Bank | Getty Images We witnessed the tale of two markets in 2020. The market experienced a short, steep and frightening freefall. Yet it quickly turned, with stocks finishing the year near all-time highs. This unique experience had a big impact on the psyche of investors and, consequently, how they
Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is
Even as cases of coronavirus rise, restoring in-person education remains a top priority for the new administration. On his first full day in office, President Joe Biden released a plan to reopen schools, which includes ramping up testing, accelerating the pace of vaccinations and providing more funding for educational institutions. Under Biden’s plan, schools could tap disaster relief
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