Did you take a break from required minimum distributions (RMDs) in 2020? Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which suspended RMDs for 2020, you did not have to take RMDs from your traditional IRAs (individual retirement accounts) and other tax-deferred accounts last year. (Roth IRAs do not require RMDs during
Month: February 2021
Everyone knows it’s been hard to be single during the pandemic. Being in a relationship is no picnic either. With Valentine’s Day approaching, many couples struggling in the face of the current economic crisis won’t celebrate the way they usually do. Due to the coronavirus outbreak, 1 in 10 couples were furloughed, lost their job,
This photo shows Ford 2018 and 2019 F-150 trucks on the assembly line at the Ford Motor Company’s Rouge Complex on September 27, 2018 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by the growth of its snacks and drinks. On the heels of its strong quarter, the Frito-Lay owner said that it expects its 2021 results to
Uber CEO Dara Khosrowshahi told CNBC on Thursday the company discussed but “quickly dismissed” the idea of buying bitcoin with corporate cash like Telsa. However, Khosrowshahi said Uber would consider accepting cryptocurrencies as payment. The comments come after Tesla announced earlier this week that it bought $1.5 billion worth of bitcoin with some cash on
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for
Economic Security Planning, Inc. Today’s column addresses questions about how continuing income can potentially increase benefit rates, whether delaying the last six months before turning 70 would really be worth it and what happens to Social Security disability benefits approaching full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and the
Managing Partner, Evergreen Property Partners. Top 10 Family Office RE Professional, Top 30 Family Office RE Investor, Harvard Graduate. getty Multifamily properties have long been a favorite investment of family offices. Though multifamily properties have been generally doing quite well during the pandemic, as I have mentioned in other articles I’ve written, a lot of that
getty It is not a surprise — not to me, anyway — that the “Covid relief” bill, or, strictly speaking the first half of such, released by the House yesterday, to be passed under the terms of reconciliation, includes substantial provisions related to multi-employer pensions. I did, after all, predict as much as soon as
Getting America’s workforce vaccinated will go a long way toward helping the country reach herd immunity. Instacart, Target, Trader Joe’s, McDonald’s and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Others, including Amazon, Uber and DoorDash, are going a step further by lobbying state officials to secure
This illustration shows a woman wearing two facemasks, a cloth mask over a surgical mask, in Arlington, Virginia, on February 8, 2021. Olivier Douliery | AFP | Getty Images Wearing a cloth mask over a surgical mask can help significantly reduce the risk of exposure to Covid-19, according to a new study from the Centers
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Wednesday reported a surprise profit for the holiday quarter, with sales boosted by strong digital growth and expenses kept in check. The retailer has been one key beneficiary during the Covid pandemic, along
Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California. Joe Scarnici | Getty Images Entertainment When 31-year-old Bumble CEO Whitney Wolfe Herd takes her company public this week, she will be noted not only for her youth but
It’s often said that remote workers can work from anywhere where there’s an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to change
SAN FRANCISCO, CA – FEB. 8: Minerva Pacheco (center) and her children Brian Martinez Pacheco, 7 … [+] (left) Daniel Martinez Pacheco, 8, (right), and daughter Iris Martinez Pacheco, 11, at their home. (Gabrielle Lurie/The San Francisco Chronicle via Getty Images) Hearst Newspapers via Getty Images The plan to expand the Child Tax Credit (CTC)
CEO & Owner of All Storage and commercial real estate investor and developer, specializing in retail, office space and senior housing. getty Even if you’re new to real estate investing, you’ve probably seen the success stories touted on social media. Real estate entrepreneurs with private jets boasting a glamorous lifestyle and “guaranteed returns.” Newbie investors extolling the
Senior couple staying home and staying fit during COVID-19 lockdown. How to have a better retirement … [+] plan now. getty Are you dreaming of the day that work becomes an option, and you reach financial freedom? Those who avoided the negative effects of the Coronavirus recession have seen their salaries rise. While stuck at
Getty Images Many Americans are eager to see more money from the federal government in the form of $1,400 stimulus checks. But another part of Democrats’ $1.9 trillion coronavirus relief package, changes to the child tax credit, could actually give qualifying families more money than the direct payments. “The child tax credit is going to
Walmart‘s hopes of owning a stake of TikTok may be dashed, but don’t expect the company’s interest in the viral video app to fade away. The company’s plan to buy the social media app’s U.S. operations with Oracle has been indefinitely shelved as the Biden administration reviews security concerns with Chinese tech companies, according to
A delivery truck driver unloads Coca-Cola Co. soft drinks in Lawrenceburg, Kentucky, U.S., on Monday, Feb. 10, 2020. Luke Sharrett | Bloomberg | Getty Images Coca-Cola is expected to announce its fourth-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 42 cents expected Revenue: $8.63
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