Month: January 2023

Sturti | E+ | Getty Images Whether you have access to a retirement plan through work increasingly depends, at least partly, on where you live. Within the last decade, 16 state legislatures have adopted retirement-savings programs targeting workers whose employers don’t offer a 401(k) plan or similar option. Some programs are up and running, while
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Last month, for the first time in two decades, the IRS took a critical look at plaintiff lawyer fee deferrals. In its December, 2022, Generic Legal Advice Memorandum (the “GLAM”), the IRS considered and rejected a hypothetical deferral with a particularly bad set of facts (the “Aggressive Deferral”). While such aggressive facts are uncommon, the
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Every big idea likely has a few detractors at some point. Startups that become multibillion-dollar companies are no exception. Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. When Cuban and his friend Todd Wagner took over the company in 1995, it was one of the first streaming platforms in existence,
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Today’s Social Security column addresses questions about how accurate SSA’s benefit rate estimates actually can be, the timing of benefit payments each month and taking spousal benefits after 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 Larry answers
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Legal documents often seem to go out of their way to be complex and confusing. One tool in the complexity toolbox consists of numerical section cross-references, where the document refers to some other section of the document by number. Those cross-references distract the reader without helping to explain what’s actually going on in the document.
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Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images Although they call President Joe Biden’s student loan forgiveness plan “unlawful,” two university law professors are urging the Supreme Court to reject the legal challenges that have been brought against it.
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You’ve learned why it’s important to avoid investment products once you enter your retirement. If you’re lucky, you can, and maybe you should, begin transitioning your investments to individual securities well before you earn that gold watch. “Typically, the further one gets away from owning individual investments, the higher the costs become,” says Stephen Taddie,
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The House of Representatives will be holding a vote on a plan that would abolish the IRS! According to a Fox News story by Houston Keene, holding the vote is part of the deal that got the Freedom Caucus to agree to Kevin McCarthy becoming speaker. Representative Earl (Buddy) Carter introduced the Fair Tax Act
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