Today’s Social Security column addresses questions about when and how continuing to work can affect benefit rates, when widow’s benefits can be available and how timing can affect spousal benefit rates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry
Month: March 2023
Billionaire Lance Gokongwei is spending 73.6 billion pesos ($1.3 billion) this year to ready his sprawling conglomerate to reap the fruits of a post-pandemic recovery. His family’s JG Summit is stepping up investments in each of its major businesses—airline, hotels and banking—to tap resurgent demand in the Philippines and key markets across Southeast Asia. More
Mickey Mouse, Minnie, Donald, Daisy, Clarabelle, Goofy, Pluto and Pete stand outside Mickey’s house in the refurbished Toontown at Disneyland. Disney Parkgoers at Disneyland in Anaheim, California, will finally be able to return to Mickey’s Toontown this weekend after a yearlong closure for refurbishment. The cartoon-inspired land has long been a haven for Disney’s younger
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. Rebecca Noble | AFP | Getty Images The panic-induced customer withdrawals that imploded Silicon Valley Bank and Signature Bank — and sent shock waves through financial markets and the broader banking
Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Justin Sullivan | Getty Images Elizabeth Holmes hasn’t paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year
In this article SIVB SBNY Follow your favorite stocksCREATE FREE ACCOUNT People wait for service outside Silicon Valley Bank in Menlo Park, California. John Brecher | The Washington Post | Getty Images Account holders at failed Silicon Valley Bank and Signature Bank got a lucky break in recent days when emergency federal efforts ensured that
In this article SBNY EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Some consumers who tried to deposit an Equifax settlement check in recent days got a surprise: It bounced. The checks, a result of a legal settlement over the credit-reporting firm’s 2017 data breach, were written against an account
The latest estimates say the Social Security trust fund will run out of money earlier than previous estimates. In 2022, the Trustees of Social Security and Medicare projected that the Social Security retirement trust fund would run out of money in 2034. I said at the time that estimates and assumptions used in the projection
Are you just getting ready to tackle your 2022 income tax return? You’ve got plenty of company. There’s about a month left in the current tax filing season, which opened on Jan. 23, 2023, and will run until April 18, 2023 and the most recent IRS data indicates that, as of March 10, 2023, the
Forbes Global Properties Life on The Strand in Manhattan Beach serves up the idyllic Southern California beach scene. Gray whales plow through the water on their twice-yearly migration, bottlenose dolphins play in the waves and passersby gather to watch the orange sun dip into the horizon. For sale at US $18.25 million, the property features
In this article GM 9866-HK XPEV 2015-HK Follow your favorite stocksCREATE FREE ACCOUNT A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China’s Shandong province, Jan. 28, 2023. (Photo credit should read CFOTO | Future Publishing | Getty
Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. Arnd Wiegmann / Stringer / Getty Images Check out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive
Ronnie Kaufman | DigitalVision | Getty Images If you turned 72 in 2022, the last chance for your first mandatory retirement plan withdrawal is April 1 — or you may face a hefty tax penalty. Generally, you must begin these yearly withdrawals, known as required minimum distributions, or RMDs, by a specific age. Prior to
In this article GWILX Follow your favorite stocksCREATE FREE ACCOUNT Flashpop | Stone | Getty Images As women in America struggle to get equal pay and rise up the ladder, companies that empower and promote female workers are being rewarded by impact investors. Known as gender lens or gender equity investing, the idea is to
Skynesher | E+ | Getty Images For some young adults, retirement is so far away that it can feel absurd to put part of their income in an account that they can’t tap for decades. “They want to invest but can’t envision not being able to touch it until age 59½,” said Winnie Sun, co-founder
A protest sign outside the Supreme Court in Washington, D.C., on Feb. 28, 2023. The Washington Post | The Washington Post | Getty Images There’s no precedent in recent history for the sweeping federal student loan forgiveness policy President Joe Biden is trying to carry out. A look at the math of the program shows
So far there is no reliable narrative about what the banking crisis in the United States will mean for the world economy. Even after the implosion of Silicon Valley Bank (SVB VB ) and Signature Bank, we likely have not heard the last of troubles in regional banking. The latest institution to face a life-or-death
Over the past few years, there has been an uptick in the number of taxpayers asking about married filing separately as a tax status. Some of the inquiries are because the status can be confusing, but others have focused on whether there was a benefit to switching status to claim certain pandemic-related benefits. Now that
The owner of a building in the New York suburbs (let’s call it the Julex Tower) opened negotiations with a possible buyer. As is customary, the owner and possible seller asked the possible buyer to sign a confidentiality agreement, agreeing not to share information about Julex Tower or the possible sale. Like most other confidentiality
People walk to an Amtrak train in the Moynihan Train Hall on September 15, 2022 in New York City. Spencer Platt | Getty Images Night owls (or extra early birds) will now pay less to ride Amtrak. The company on Thursday announced a slate of $5 to $20 train fares for routes running between 7
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