By Kerry Hannon, Next Avenue Eldera When S. Jay Olshansky, 66, a professor of public health at the University of Illinois at Chicago, virtually met math and science whiz Hyunseung Lee, 11, in May, something “sparked,” he says. “It was special. He just reminded me of myself at that age,” Olshansky adds. Olshansky, a renowned
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The higher your tax bracket, the more you save by signing up for healthcare and dependent care FSAs … [+] at work. getty Got leftover money stuck in your healthcare or dependent care FSA? The giant year-end spending package provides tax relief for workers who socked away pre-tax money into flexible spending accounts for 2020
Spending a lot more time at home last year led many Americans to decide it’s time to move. You might be seeking more space, relocating to a new area, or simply want to take advantage of a great opportunity (and even greater mortgage rates). If you’re one of the millions looking to move to a
The entrance to a Macy’s department store. Jeffrey Greenberg | Universal Images Group | Getty Images Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. The closures are part of a previously announced plan by Macy’s to shut 125
Kai Pfaffenbach | Reuters Check out the companies making headlines in midday trading. Micron — Micron shares popped more than 6% after a Citi analyst upgraded the chipmaker to buy from sell, citing a favorable supply-and-demand outlook. Alibaba — Shares of the Chinese e-commerce giant jumped more than 4% after CNBC’s David Faber reported billionaire
Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021. Investors should keep secular trends in mind because they are the best ways to approach a marketwide sell-off, the “Mad Money” host said
Tom Williams | CQ-Roll Call, Inc. | Getty Images PUA fraud Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program created by the federal CARES Act in March. It offers unemployment benefits to workers who don’t ordinarily qualify, like the self-employed, gig workers, freelancers, contractors and part-timers. Con artists are attracted
getty Social Security is an important source of income for most U.S. retirees. On average it accounts for almost 40% of retirement income. Social Security becomes more important the longer a person is retired, often accounting for 50% or more of income for older retirees. Yet, many retirees make decisions that cost them additional lifetime
Economic Security Planning, Inc. Today’s column addresses questions about becoming eligible for spousal benefits after marriage, drawing spousal benefits after taking early retirement benefits and when SSA recomputes benefit amounts to account for continuing income. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
In this week’s look at new luxury real estate on Forbes Global Properties, I took a look at homes selling for about $5.25 million in three of the most expensive housing markets in the world. Bel-Air, Los Angeles The Midcentury gem in Bel-Air’s Stone Canyon area features walls of glass and a sunken pool deck.
Medical personnel is given the Pfizer-Biontech Covid-19 corona virus vaccine at the Favoriten Clinic in Vienna, Austria, on December 27, 2020 on the occasion of the Pfizer-BioNTech Covid-19 corona virus vaccine rollout. Georg Hochmuth | AFP | Getty Images The U.K.’s decision to delay giving people the second dose of a coronavirus vaccine is proving
Traders work on the floor of the NYSE in New York. NYSE BEIJING — For Americans looking to play the China growth story, investing in the country’s U.S.-listed stocks now bears a political risk that could lead to delisting. That means a Chinese company traded on an exchange like the Nasdaq would lose access to
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020. Liu Jie | Xinhua News Agency | Getty Images The Federal Reserve enters the new year with a fresh challenge on its plate, namely whether its commitment to higher inflation will bring power
Getty Images The $600 stimulus payments from the latest $900 billion coronavirus relief act are hitting bank accounts and mailboxes for millions of Americans. And for a few, the money won’t come via direct deposit or in paper check form – instead, it will be sent on a debit card. The IRS is sending some
Seneca the Younger Universal Images Group via Getty Images Running out of money is an anxiety that keeps even well-prepared potential retirees in jobs that they hate and keeps many fresh retirees in a state of perpetual dread. The ‘what-ifs’ and ‘buts’ of living on savings or a fixed income keeps untold thousands from making
I’ve never been big on celebrating the New Year. When I was in high school and for much of my early 20’s, I worked for a party decorating company and I spent late December tying tens of thousands of balloons. Maybe hundreds of thousands. On New Year’s Eve, as midnight approached and champagne flowed, I
BETA This is a BETA experience. You may opt-out by clicking here Edit Story There wasn’t much good news in the commercial real estate markets in 2020, but there sure was a lot of news. Here are five stories that illuminate the most interesting and impactful developments. Vishal Garg FRED C. CONRAD/THE NEW YORK TIMES/REDUX The
The U.S. Covid vaccination effort is far behind original estimates. More than 15.4 million doses have been delivered to states, but only 4.5 million Americans have received their first shot according to the Centers for Disease Control and Prevention. Providence Hospital System, however, has defied the country’s slow rollout trend and has given the first
Customers viewing electric vehicles at a Xpeng Motors store on Oct. 6, 2020 in Beijing, China. Visual China Group | Getty Images BEIJING — Chinese electric carmakers are splashing out on prime retail space and taking up storefronts at shopping malls — a new trend that offers relief for China’s commercial property developers who are
As part of the $900 billion coronavirus relief bill, eligible Americans will soon receive a long-awaited second stimulus check — individuals who earned less than $75,000 in 2019 will receive $600 and couples who earned less than $150,000 will receive $1,200. When considering how to spend the money, Kevin O’Leary, “Shark Tank” star and chairman