On Monday, the IRS released the official version of IRS Publication 590-B, “Distributions from Individual Retirement Arrangements (IRAs),” for the 2021 tax season, and the publication’s “What’s New” section leads off with a popular topic: “Life Expectancy Tables Updated.” The New RMD Tables I’ve been on the receiving end of questions from readers asking where
Month: March 2022
Which of the forces pushing and pulling at the US economy will most impact real estate in the coming months? We have inflation, the invasion of Ukraine, and the prospect of increasing interest rates all bouncing off each other and creating chaos in the financial markets. These issues in turn generate fear and loathing both at the
If Putin stays his course, Russia will, at one extreme, become Iran economically speaking. Or it may find that its only major trading partner is China, turning Mother Russia into China’s baby. Putin still has a way out. He can cease fire and negotiate for something both side can agree. Vladimir Putin has landed himself
In this article INTC U.S. first lady Jill Biden and others applaud her guest Intel CEO Patrick “Pat” Gelsinger in the first lady’s box as President Joe Biden mentions Gelsinger during his State of the Union address to a joint session of the U.S. Congress in the House of Representatives Chamber at the Capitol in
Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Michael Rubin’s Fanatics raised $1.5 billion in a new funding round that values the sports platform company at $27 billion. The company was most recently valued at
In this article FSLR A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona. Joshua Lott | Bloomberg | Getty Images Shares of First Solar dropped more than 14% during extended trading Tuesday after the company reported missing revenue expectations during the fourth quarter and issued
In this article DKNG FSLR F CRM JWN Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The
Getty Images If you’re one of the millions of Americans who gave to charity in 2021, you can still claim a write-off on this year’s tax return. There’s a deduction for cash gifts up to $300 for single filers and couples filing jointly may score up to $600, according to the IRS. And it’s easier
Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The reasons are twofold: First, fund managers who buy Russian debt or Russian company stock generally do so in small quantities; second, funds that buy
What’s trending in tile for home use and why should you care? This versatile material is ideal for projects emphasizing sustainability, wellness and creativity. The latest offerings will be featured next month at Coverings, North America’s largest tile and stone expo. Here’s a preview with input from two industry pros who follow this category. Large
andresr | E+ | Getty Images A recently introduced bill in Congress has its sights set on preventing a cost that some new Medicare beneficiaries face: late-enrollment penalties. The bipartisan measure, introduced in the Senate, would require the federal government to provide individuals with information about Medicare enrollment rules before they reach the Medicare-eligible age
In this article F People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesday it will reorganize operations to separate its electric and internal-combustion engine businesses into separate units within the automaker.
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain
The Shanghai branch of the Communist Party newspaper, People’s Daily, on Feb. 27, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — In China, tightly controlled coverage of Russia’s invasion of Ukraine has focused heavily on negotiations. Beijing’s line has been to promote negotiations, as China tries to position itself further away from
Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images As Europe and the U.S. ratchet up sanctions on the yachts and mansions of Russia’s oligarch elite, some of Vladimir Putin’s ultra-wealthy inner circle have begun speaking out against
Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE The VanEck Russia ETF fell 25% in premarket trading Monday as the conflict in Ukraine generated new U.S. sanctions against Russia. On Monday, the Biden administration announced additional sanctions against Russia’s central bank that would effectively prohibit Americans from doing business with the bank and
Kemal Yildirim | E+ | Getty Images You may unknowingly be subsidizing your colleagues’ 401(k) fees. The dynamic is a function of your 401(k) investments and how the retirement plan pays costs for administrative expenses, like those associated with trading and ongoing accounting of workers’ balances. Retirement savers (like the broader investment world) may be
A new housing report by real estate data analytics provider CoreLogic found that home price growth intensified in January as elevated demand and low mortgage rates continued to give sellers the upper hand. Consumers looking to purchase a home have remained optimistic moving into the new year, with more expecting to buy over the next six
In an appeal to the Ninth Circuit an “innocent spouse” drew support from the Center For Taxpayer Rights and The Federal Tax Clinic At the Legal Services Center Of Harvard Law School in the form of an Amicus Brief. That didn’t do trick. In its opinion, the Ninth Circuit confirmed the Tax Court decision that
Nosystem Images | E+ | Getty Images If the stock market’s volatility is worrying you because you’re edging closer to retirement, it may be time to re-evaluate your portfolio. One of the big risks you can face as a new retiree is a persisting market downturn just as you need to start tapping your savings.