Sollina Images | Tetra Images | Getty Images Retirees who are confronting higher prices due to record high inflation may get some welcome news this week when the Social Security Administration announces the cost-of-living adjustment for 2023. The bump to benefits is slated to be announced Thursday along with new consumer price index data for
Month: October 2022
In the mid-1990s, a plethora of regional mutual funds popped up across America. Today, when you think of a “regional” fund, you think of broad global regions. But, three decades ago, a “regional” fund might have also referred to so-called “cheerleader” funds that promoted a particular state in whole or part. Think of these as
A California man was sentenced to 10 years in prison for conspiring with others in schemes to defraud the IRS and the Paycheck Protection Program (PPP). According to court documents and statements made in court, Quin Ngoc Rudin, 55, a convicted felon, was the Secretary, Director and Chief Financial Officer of Mana Tax Services, a
Even as Hurricane Ian’s 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his Twitter followers to check out a $60,000 canal lot on the north side of town. The tweet,
A worker at a chips factory in Chongqing, China, on March 30, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. The sweeping rules mean companies must apply for a license
Shaquille O’Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. “If you invest in things, it’s going to change people’s lives, you will definitely get a nice return,” the previous NBA star recalled Bezos sharing in a tech
Nearly two-thirds (62%) of U.S. residents who plan to buy or sell a home in the next year are hesitant to move to an area at risk of natural disasters, extreme temperatures and/or rising sea levels, according to a survey in August commissioned by technology-powered real estate brokerage Redfin of roughly 1,000 respondents who said
Europe is facing a tough winter, as inflation and energy prices continue to rise. The continent also faces tough decisions following its scorching hot summer Heat waves in Europe broke records, sparked widespread wildfires and even damaged a busy runway at a London airport. Unlike the U.S., European countries don’t rely on air conditioning to
China’s top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. Pictured here is the last such congress in 2017, with Xi at the center. Nicolas Asfouri | Afp | Getty Images BEIJING — China is poised to reshuffle the top officials surrounding President Xi Jinping at a
Today’s Social Security column addresses questions about the earnings test and retirement benefits, spousal benefits while a retirement benefit is suspended and survivor’s benefits and public pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social
New York City is once again demonstrating its resiliency. Office workers are returning, the workforce is growing, tourists are back, lunch hour lines are forming outside eateries, and trains and buses are filling up. The first half of the year the city saw $22.1 billion in investment sales, slightly lower than the last six months
A child looks at a halloween costume on the rack. At the Target department store in Exeter Township Tuesday afternoon for a story on halloween costumes. Ben Hasty | Medianews Group | Getty Images In the past few weeks, Craig Cislo dug out the spray-painted tombstones from his attic, scoured websites for a giant animated
Striking it rich is not a fluke. It takes hard work, fearlessness and a growth mindset. I spent five years studying the habits of 233 millionaires — 177 of them were self-made — to find out how they make use of their time. Based on my research, I identified six principles they all shared that
Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Using a market downcycle to accumulate shares of companies with strong fundamentals and prospects can lead to good returns when the market goes up. To that end, keeping an eye on which stocks
Luminola | E+ | Getty Images It’s natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year. But you may still have gains after years of growth, and the profits could qualify for a 0% tax rate, depending on your earnings. The thresholds may be higher than
I will assess this question for a homeowner of 62 with a house now worth $400,000 who has no current need to draw funds from a HECM but wants the largest possible credit line looking ahead – say in 3 years. I will call this homeowner Prudent. The data used in answering this question are
The quality of life factors are off the charts for this 1904 classic home in Boulder, Colorado. Set in the family-oriented Mapleton Hill neighborhood, it is a short walk to vibrant Pearl Street with its shops and eateries, close to scenic Boulder Creek and near the Mount Sanitas and Sanitas Valley hiking trails. Colonial Revival,
Red Bull Racing’s Dutch driver Max Verstappen poses on the podium with the trophy following his victory at the Formula One Japanese Grand Prix at Suzuka, Mie prefecture on Oct. 9, 2022. Toshifumi Kitamura | Afp | Getty Images Max Verstappen sealed his second Formula 1 world championship amid huge confusion after winning a chaotic,
The Bureau of Labor Statistics shows in Friday’s data, a labor market that is growing at a modest, stable pace. In general, job and wage growth have moderated to a point, where they do not exert inflationary pressures. This could create the policy space for the Federal Reserve to proceed cautiously with further interest rate
Not every housing market is the same. For those wondering how far your money can go in another state or country, I took a look at properties for sale on Forbes Global Properties. Whether you are looking for a newly built luxury home in a family-friendly neighborhood near Washington, D.C., or prefer the maintenance-free lifestyle
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