There’s a lot of interest this year in converting traditional IRAs and 401(k)s to Roth IRAs. Some people hesitate to convert their IRAs, however, because of concerns about the confusing “five-year rule” for Roth IRAs. Future distributions from a Roth IRA are tax free when they are “qualified distributions.” Meeting the five-year rule is one
Month: September 2021
Today HomeGoods finally launched its long-awaited e-commerce platform. This is a huge leap for the brick-and-mortar big-box retailer which has 820 stores in 47 states. A division of TJX Companies, Inc, HomeGoods is one of the nation’s leading off-price retailers of home decor. “We are excited to expand HomeGoods’ digital footprint so customers can shop
In this article LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle start-up Lucid on Tuesday said production of its first cars for customers is underway, with deliveries scheduled to begin late next month.
U.S. stock futures were mostly flat Tuesday night after the Nasdaq plummeted in its worst day since March as a spike in bond yields sent stocks tumbling. Dow Jones Industrial Average futures rose 78 points, or 0.23%. S&P 500 and Nasdaq 100 futures added 0.16% and 0.08%, respectively. Shares of the semiconductor company Micron fell
Elizabeth Holmes, founder of Theranos Inc., and husband Billy Evans leave federal court in San Jose, California, on Wednesday, Sept. 22, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF – In the first dramatic showdown at the Elizabeth Holmes’ trial, defense attorney Lance Wade aggressively questioned the company’s former lab director about
Traders on the floor of the New York Stock Exchange, with Blend signage, July 16, 2021. Source: NYSE Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names. A sharp jump in interest rates over the last several sessions stung the market, particularly the growth names.
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Rep. Tom Suozzi, D-N.Y., is expecting an agreement this week for changes to the $10,000 limit on the federal deduction for state and
Many families face the issue of a once powerful head of the family, in charge of all finances, now showing signs of dementia. Whether it is diagnosed or not, it is an issue that must be addressed. The family’s financial security can be in jeopardy. It typically starts with an aging parent who has some
Professors Bridget J. Crawford of the Pace University School of Law and Anthony C. Infanti of the University of Pittsburgh School of Law discuss viewing the U.S. tax code through a feminist lens. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax
A recent New York case underscored just how easily an exchange of email messages can create a binding contract. Though the dispute involved a litigation settlement evidenced in an exchange of emails, the same principles would apply in real estate contracts or any other area of commerce that involves written agreements. New York’s procedural rules
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, gives an opening statement during a Senate Health, Education, Labor and Pensions Committee hearing to discuss the on-going federal response to COVID-19, at the U.S. Capitol in Washington, D.C., May 11, 2021. Greg Nash | Pool | Reuters White House chief medical
In this article CRM TWTR HUN AMAT Internet company Microsoft’s China office building is seen in Shanghai, China, Dec. 8, 2020. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. Tech stocks — Tech stocks dropped as the benchmark 10-year Treasury yield touched a high of 1.567% Tuesday.
In this article WISE-GB Kristo Kaarmann, Co-Founder & CEO, TransferWise, on Centre Stage during day one of MoneyConf 2018 at the RDS Arena in Dublin. (Photo By Eóin Noonan/Sportsfile via Getty Images) Eoin Noonan | Sportsfile | Getty Images LONDON — The co-founder of $15 billion fintech start-up Wise has been slapped with a £365,651
In this article OMEG Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images SPACs are getting a much-needed reality check after investors and regulators grow wary of the Wall Street craze, and the majority of deals could
Stacey Vanek Smith Photo: Sylvie Rosokoff Why aren’t things getting better for women? Stacey Vanek Smith couldn’t stop asking that question as she looked over the grim statistics: Eighty percent of CEOs are still men, corporate boards are more than 80% male, two-thirds of federal judges are male and 98% of venture capital goes to
Childlessness is something the U.S. Census Bureau has never bothered to explore––until now. Those of us who have a keen interest in solo aging (adults over 55 with no children and those aging alone for other reasons) have been aware for many years of the rise in childlessness among boomers. The reverberations of this rise in childlessness
Today’s column addresses questions about the earnings test and independent contractors, whether early reductions to disabled widow’s benefits are permanent and the possibility of taking spousal benefits only after early retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
Vice President at CBRE | Founder of Marketing Real Estate. Homeownership has long been accepted as a core component of the American dream, as it confers several economic benefits on homeowners, including the ability to accumulate wealth by accessing credit, building equity and reducing housing costs. According to data from the U.S. Census Bureau, homeownership has
Source: Somos Kind founder Daniel Lubetzky is joining forces with two former executives from the snack brand to launch a Mexican food company based on the food they ate growing up. Somos, which means “we are” in Spanish, is accepting wholesale orders from grocery stores and retailers now, with the expectation that its range of
Westend61 | Westend61 | Getty Images LONDON — British software company Blue Prism said Tuesday it has agreed a deal to be taken over by private equity firm Vista Equity Partners for £1.1 billion ($1.5 billion) in cash. Blue Prism, which specializes in software robots that automate repetitive tasks, said Vista would pay each shareholder
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