I recently spent an afternoon estimating how long I might live, using a few life expectancy calculators. It was this actuary’s idea of fun! It was also very enlightening and sobering, even for someone who works researches and writes about longevity topics. It reinforced the conclusion that I should be planning for a long retirement,
Month: July 2023
Professor Hank Adler of Chapman University discusses the income realization requirement dispute in the transition tax case Moore v. United States before the Supreme Court, and its implications on the U.S. tax system. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York. Victor J. Blue | Bloomberg | Getty Images UPS and the union representing more than 300,000 workers at the package carrier on Tuesday said they
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting:
In this article ALK A PKG NXPI SPOT MMM Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Check out the companies making headlines in midday trading. 3M – Shares of the chemical manufacturer rose 5.5% following the company’s latest earnings report. 3M posted $7.99 billion in revenue, beating analysts’ estimates
Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015. Patrick T. Fallon | Bloomberg | Getty Images A Senate panel on Tuesday revealed a yearlong investigation into Apollo Global Management co-founder Leon Black‘s ties to
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of
You’ve likely never heard of Happy Jack, Arizona—and that’s a good thing. The high-elevation community 40 miles south of Flagstaff is surrounded by public lands and little else, making it a great spot for anyone looking to buy a very private hideaway. One example: The large cabin at 39112 Lake Mary Road that sits on
Sen. Joe Manchin III, D-W.Va., is thinking about running for president — or at least people think he’s thinking about it. And Manchin clearly wants people to think that he’s thinking about it. Last week, Manchin appeared at a town hall organized by No Labels, an independent political organization claiming to speak for the “commonsense
A fashion week guest seen wearing red Adidas yeezy shoes, outside paul and joe during London Fashion Week September 2022 on September 17, 2022 in London. Jeremy Moeller / Contributor / Getty Images German sportswear giant Adidas on Monday said it expects a significantly smaller operating loss for the year after recording better-than-expected early sales
In this article DPZ AMC TSLA Follow your favorite stocksCREATE FREE ACCOUNT An AMC Theatre on March 29, 2023 in New York City. AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain. Leonardo Munoz | Corbis News | Getty Images Check out the companies
The risk of inflation is important when swapping real for nominal dollars. Rather than ending the fear of outliving your 401(k), QLACs can exacerbate it. The Wall Street Journal of July 23, 2023 included an article on QLACs — Qualified Longevity Annuity Contracts — with this, to me, eye-popping title, “A Retirement Tax Break That
Cillian Murphy in Oppenheimer and Margot Robbie as Barbie Julien De Rosa | AFP | Getty Images; Stuart C. Wilson | Getty Images “Barbenheimer” exploded over the weekend, generating an estimated $235.5 million in ticket sales and reinvigorating the domestic box office. “Barbie” tallied around $155 million during its first three days in theaters, the
In this article CDNS NXPI FFIV WHR Follow your favorite stocksCREATE FREE ACCOUNT NXP Semiconductors Source: nxp.com Check out the companies making headlines in extended trading. Cadence Design Systems — Shares fell 4% after the company posted its second-quarter results. Revenue in the company’s product and maintenance category came in at $922.8 million, compared to
Eyecrave Productions | E+ | Getty Images When it comes to living and retiring comfortably, Americans have some big numbers in mind for what they will need. Blame high inflation, which peaked at a rate of 9.1% over the preceding 12 months in June 2022, according to consumer price index data. While the pace of
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images The IRS on Monday ended its controversial practice of unannounced visits to homes or businesses from agency revenue officers for most taxpayers. Part of a broader IRS overhaul, the policy
When a building owner and a tenant sign a lease, the second to last step usually consists of the tenant’s signing the lease and returning it to the owner. Then the owner countersigns and returns the countersigned lease to the tenant. Each party puts the fully signed lease in their file and the parties go
The IRS continues to make progress on its inventory of tax returns, payments, refunds, and correspondence. However, some sectors are still experiencing delays. Here’s where things stand. The IRS says it has processed all paper and electronic individual returns received before April 2023, and they are opening mail within normal time frames. This means they
In this article JNJ Follow your favorite stocksCREATE FREE ACCOUNT Kenvue, a unit of Johnson & Johnson’s consumer health business. CFOTO | Future Publishing | Getty Images Johnson & Johnson on Monday said it plans to reduce by at least 80% its stake in Kenvue, the consumer health business it spun out as an independent
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Smith Collection | Archive Photos | Getty Images Chevron on Sunday said the company’s Chief Financial Officer Pierre
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