Some mutual funds inflict great damage on your 1040. Defend yourself. By William Baldwin, Senior Contributor Winter: the season in which fund owners incur self-inflicted wounds. Investors who make the mistake of holding stock mutual funds in taxable accounts are at risk of having unwanted distributions dumped in their laps. This often occurs in December.
Month: November 2023
The SECURE Act 2.0, enacted at the end of 2022, created a new type of qualified charitable distribution (QCD) that generally is being called the Legacy IRA. As I’ve said before, QCDs are the best way for most people age 70½ or older to make charitable contributions. When you’re 70½ or older, instead of writing
Melis82 | Istock | Getty Images It has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists. The past year has seen music fans roaring back to large stadiums
Fg Trade | E+ | Getty Images More investors are getting access to investments previously earmarked for the wealthiest members of society — but it may be risky for some to participate, experts said. Private investments — such as private equity funds, hedge funds, venture capital funds and stock in early stage companies — typically
“Tis the season to be jolly,” and while many people are excited about the holiday season, not everyone is feeling so cheerful and jovial. According to Thumbtack, 58% of Americans feel stressed about the holidays. Home preparation is a major source of stress, according to Morgan Olsen, Thumbtack’s home & design expert. In fact, she
American Dream megamall and entertainment complex in East Rutherford, N.J., seen on Oct. 25, 2019. Timothy A. Clary | AFP | Getty Images New Jersey’s American Dream mall — the second largest mall in the country — was evacuated minutes after it opened on Black Friday because of a bomb threat that was later deemed
Anastasiia Krivenok | Moment | Getty Images Online spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts. E-commerce sales totaled $5.6 billion on the holiday. That’s nearly twice as much as the
Ольга Носова | Istock | Getty Images If you’re retired and giving to charity this season, there’s a planning move that can reduce your 2023 taxes while donating to a worthy cause, experts say. The strategy, known as qualified charitable distributions, or QCDs, allows retirees to transfer money from an individual retirement account to an
U.S. President Joe Biden speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. Leah Millis | Reuters President Joe Biden’s new plan to forgive student debt is likely to look much different than his first. After the Supreme
US President Joe Biden holds up a copy of the Republican’s FY2024 budget as he delivers remarks on Bidenomics and Republican economic policy during an event at Prince George’s Community College, in Largo, Maryland, United States on September 14, 2023. Kyle Mazza | Anadolu Agency | Getty Images With an economy posting significant GDP growth,
Trusts are common, but there are numerous variations, and there is still considerable confusion about what is legal and what is not. There are at least two primary types. One type is a common to estate planning, and probably just about everyone should have one. You don’t want to die without a will, and but
Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, a long line of families with
TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok’s latest venture into e-commerce has emerged at the forefront. The platform introduced TikTok Shop in the U.S. in September as an in-app
The National Football League is sticking with X, formerly known as Twitter, as Elon Musk’s site faces an advertiser revolt over hate speech and antisemitism on the platform. “I think X is in a very difficult business because of the content moderation that they have to deal with,” Brian Rolapp, the NFL’s media and business
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week. It wasn’t immediately clear when
Some 165 photographers working on assignment for National Geographic shot more than 2.1 million images in 2023. Now, 29 are featured in its annual “Pictures of the Year” retrospective. The feature — published in the magazine’s December issue and online in November — contains “stunning photographs that unearth remarkable, rarely seen moments,” according to National
Eva-katalin | E+ | Getty Images Millennials are holding and buying bond exchange-traded funds with more gusto than older investors — and that’s likely not an ideal strategy, experts said. Millennial ETF investors — a cohort born between the early 1980s and mid-1990s — have 45% of their investment portfolios allocated to fixed income, on
Who among us hasn’t inadvertently burned a pot or pan – or two? However, some people routinely burn cookware to the point of no return. And as a result, these individuals end up with mismatched cookware sets that look like they survived a 5-alarm house fire. Trust me, these people would welcome new, matching cookware
Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations. Here’s what you need to know. The IRS will treat 2023 as an additional transition year. If that sounds familiar, the same thing
Popeyes Wings Courtesy: Popeyes Popeyes is expanding its menu beyond chicken sandwiches – and it’s a permanent change this time. The fast food chain announced Wednesday it’s adding five chicken wing flavors to its menu nationwide, with three debuting at Popeyes for the first time, beginning Wednesday. The flavors include Honey BBQ, Roasted Garlic Parmesan,
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