By Chris Farrell, Next Avenue Planning for retirement and personal finances became practically synonymous with the rise of 401(k) retirement savings plans. Together, they made mutual fund performance, asset allocation and safe withdrawal strategies top of mind for millions of people. Sound household finances in retirement are critical, of course. Yet many financially prepared near-retirees
Month: September 2022
Share to Facebook Share to Twitter Share to Linkedin This year five states have enacted a single-rate personal income tax combined with tax cuts. Several other states are considering doing the same thing. They’re setting the stage for making a national flat tax a big issue in the 2024 presidential election. This segment of What’s
Water tender crews monitor a backfire during the Mosquito fire in Foresthill, an unincorporated area of Placer County, California on September 13, 2022. Josh Edelson | AFP | Getty Images As a massive wildfire chewed through tens of thousands of acres in California over the past week, smoke and ash billowed into nearby towns including
The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past year, according to the latest consumer price index figures — marking the biggest 12-month jump since May 1979. related investing news Want a
By David Robinson, Next Avenue Beset by headlines about stock market volatility, a spike in inflation and potential recession, Americans who are in or approaching retirement are understandably concerned about preserving their wealth. Though it has waned in recent weeks, inflation is still higher than it’s been in decades, and most bond investors continue to
Share to Facebook Share to Twitter Share to Linkedin A s Karen and David Griffiths neared retirement, they knew one thing for sure. “We were done with Los Angeles,” declares David, now 70, a Brit with dual U.S. citizenship. Sure, they’d lived and worked in the nation’s second largest city for nearly three decades—Karen as
A modern penthouse found high up in the W Residences Austin in Downtown Austin, Texas, has changed hands after roughly two weeks on the market, according to the listing brokerage. The asking price, which included the furnishings, artwork and other household accoutrements, was $5.95 million. Sleek and stylish furnishings are meaningfully placed throughout the penthouse.
Source: CANELA.TV An upstart Spanish-language streamer is taking a big step into original content. Canela Media will debut a daily entertainment news show, “¡Ponle Canela!,” on its streaming platform, Canela.TV, on Oct. 10. “Secretos De Villanas,” a reality series that puts some well-known telenovela actresses under one roof to reveal secrets about their lives and
In this article ADBE DECK WYNN FSR NSC NFLX PYPL HUM ARNC Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and
Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Business: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping and enhancing
Sporrer/Rupp | Image Source | Getty Images As talk of Social Security reform heats up heading into the November election, one congressional proposal to expand the federal program has received a new endorsement from California lawmakers. In August, a joint resolution passed both the state’s senate and its assembly. Now, it goes to Capitol Hill
Missing the year-end deadline for some IRA transactions could mean missing out on tax saving opportunities or being subject to excise taxes. If you are one of the 60 million plus individuals with an IRA, you might need to complete certain IRA transactions by the end of this year. Meeting this deadline could mean taking
The House committee investigating the Capitol attack on Jan. 6, 2021, has announced plans for another public hearing and this time, former Vice President Mike Pence may even be invited to testify. The notion that a former vice president could reveal information about the blatant disregard for the democratic process by others inside our federal
British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021. John Sibley | Reuters London’s Heathrow Airport will change about 15% of its Monday flights to avoid noise during Queen Elizabeth II’s funeral. “As a mark of respect, operations to and from the airport will be subject to appropriate
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the economic downturn. related investing news Bank of America downgrades Adobe, says stock is a ‘show me story’ as it awaits
When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — including how to pay his
If you’re expecting relief from President Joe Biden‘s plan to forgive up to $20,000 in student loans, you may have state income tax liability, depending on where you live. While legislation is evolving, it’s possible that seven states — Arkansas, California, Indiana, Minnesota, Mississippi, North Carolina and Wisconsin — may tax student loan forgiveness, according
By Christina Leimer, Next Avenue At an age when many homeowners are paying off their mortgage, thinking about downsizing or giving up home ownership to rent, I bought my first house. Buying wasn’t my top choice. Housing stability was. Renting no longer offers stability in this crazy housing affordability climate, but a mortgage I’ll pay
Forbes screened more than 500 locations in the U.S. for everything from climate change risk to availability of doctors to crime. We then compared those that made the cut for what they offered in the way of leisure pursuits—from the arts, learning and fine dining to hiking, skiing, sailing and golf. When they were ready
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