Most people are used to living with debt. Retiring in the red is another story. Maintaining enough cash on hand to cover recurring bills with interest is harder on a fixed income and adds another obstacle to the challenge of living comfortably. And yet, 46% of all Americans expect to retire in debt, according to
Month: November 2021
By now, you have probably heard that every day 10,000 or so baby boomers are turning 65. The Coronavirus may have pushed millions of Americans to retire earlier than expected. Some of you reading this have already entered retirement. I’ve been helping with people’s retirement planning long enough to know that many of you are likely
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike debate the merits and necessity of the capital gains preference, all in five minutes. This transcript has been edited for length and clarity. Joseph J. Thorndike: Democrats in Washington have been pondering the unthinkable this year, curbing or even eliminating the tax preference for capital gains. Well,
Privately tucked away on a country lane that meanders off of Sunset Boulevard in Los Angeles is a small community of 16 secluded homes that has attracted world-famous politicians, actors and industry leaders. One house on the sparsely populated lane was previously the home of former California Governor Arnold Schwarzenegger and his ex-wife, journalist Maria
Online streamers prepare for the annual Double 11 online shopping festival at Lingu e-commerce industry park on October 27, 2021 in Linyi, Shandong Province of China. Xu Chuanbao | Visual China Group | Getty Images BEIJING — Even as China’s newly rich internet celebrities keep smashing livestreaming sales records, businesses are finding other strategies that
Famed economist Mohamed El-Erian says he bought some bitcoin a few years ago — but misjudged when to sell due to “behavioral mistakes.” The Allianz chief economic advisor revealed he purchased an unspecified amount of bitcoin in the “crypto winter” of 2018, when the world’s largest digital coin plunged close to $3,000 after a monster
Mark Cuban has some simple advice for any entrepreneur looking to pitch investors: Read the room. It’s been one of Cuban’s favorite pieces of guidance since he was 22 years old, when a mentor pushed him to “listen more.” And on Friday’s episode of ABC’s “Shark Tank,” Cuban gave some similar advice to an entrepreneur
Ben Hasty | MediaNews Group/Reading Eagle | Getty Images Thinking of quitting your job soon? It may help you find a better gig. Many Americans are leaving their current employers in hopes of finding better jobs. In September, a record 4.4 million Americans quit their jobs, eclipsing the previous high set in August. At the
How much income does it take to live comfortably in retirement? The answer to this question has remained much the same over the past 10 years, but the recent spike in inflation may have you rethinking the answer. As I see it, 2021’s burst of inflation is the temporary byproduct of the post-pandemic recovery. I
One sign that post-COVID-19 normalcy is slowly coming to the tax world is that tax authorities are increasingly being accused of launching or seeking unwarranted investigations of taxpayers. Eighteen months or even a year ago, when liquidity was paramount during the height of the pandemic lockdowns, tax authorities across the world quietly backed away from
Nearly two years into the pandemic, for many of us, seeing friends and family is more meaningful than ever. Holiday gatherings no longer feel stressful or obligatory, but a true celebration of joy. This means the stakes for holiday decorating are higher than ever. No longer is a beautiful Christmas tree, brightly lit menorah, or
Pedestrians carry Macy’s shopping bags in San Francisco, California, U.S., on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Economists predict a boom in October’s retail sales, aided by rising gasoline prices and early holiday shopping. Retail sales are expected to rise 1.5%, up from September’s 0.7% gain, according to economists
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 Shares of Lucid Group jumped by more than 5% during afterhours trading after the electric vehicle start-up announced a notable increase in vehicle reservations
In this article TSLA CRWD DLTR Boeing 777, American Airlines. Massimo Insabato | Mondadori Portfolio | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of the jet maker jumped more than 5% after a company executive said Sunday it’s “getting close” to resuming deliveries of its 787 Dreamliner, after suspending
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images SAN JOSE, CALIF. — A defense attorney for Theranos CEO Elizabeth Holmes lashed out at
Morsa Images | E+ | Getty Images After a year of double-digit stock market growth, investors may be looking to cash in some gains from brokerage accounts. And some filers may take profits without a tax bill, even with a six-figure income, experts say. “A lot of people aren’t aware there’s a 0% tax rate
RyanJLane Fewer than 1 in 5 women — 15% — worked for employers that provided emergency paid leave during the Covid-19 pandemic, according to research from Transamerica Center for Retirement Studies. In contrast, 22% of male workers had access to this benefit, which includes sick time and family and medical leave. The results are based
My recent Forbes column on how retirement withdrawals will be affected due to new 2022 RMD tables brought some important RMD-related questions from a reader. Single With An IRA D.M., a single female, wants to know if there are gender differences in RMD distribution tables. The answer to D.M. is “no”; the IRS tables are
Topline President Joe Biden on Monday signed into law one of the largest infrastructure packages in U.S. history after months of bipartisan negotiations and tense political infighting, shoring up $1.2 trillion in funds, including $550 billion in new investments for the nation’s bridges, airports, waterways, public transit and more—here’s what you need to know about
Joanna is CEO of Quartz Properties, a real estate development company that builds attainably priced modern modular residences. A major construction industry pain point affecting home costs and production is a substantial labor shortage. In fact, labor scarcity ranked as a top issue impacting the construction industry, according to a survey of 400 industry executives, conducted
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