Getty Images We’ve officially reached the last month of 2020. For many investors, that may prompt a sigh of relief. But financial advisors say this is a great time to step back and assess which year-end financial moves you need to make now and revisit your money strategy to set yourself up for a prosperous
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Student enter PS 15 Roberto Clemente School in New York, U.S., on Tuesday, Sep. 29, 2020. Jeenah Moon | Bloomberg | Getty Images As the coronavirus pandemic continues to disrupt schooling across the country, students are falling behind — and none more than Black and Hispanics, a report by McKinsey & Company found. That will
Spark token airdrop comes with an unintended tax bill that recipients need to be aware of. People who hold XRP on certain exchanges as of December 12, 2020 are receiving an equivalent amount of Spark token via an airdrop. Spark is the native token of the Flare network. Spark Airdrop Taxes According to the IRS Rev.
Economic Security Planning, Inc. Today’s column addresses questions about when and whether delayed retirement credits (DRCs) are applied to benefit rates, eligibility of exes to file for benefits on a person’s Social Security record and pensions based on work not taxed by Social Security. Larry Kotlikoff is a Professor of Economics at Boston University and
Getty Maybe the roof is worn, the drywall peeling, the pipes rusted to the core. Of the 6 million American homes sold per year, several hundred thousand are in states of disrepair, waiting for a buyer who will put in money with the hopes of flipping the house for a profit. Sundae, a two-year-old start-up,
Vials with Covid-19 Vaccine stickers attached and medical syringe with the US pharmaceutical company Pfizer and BioNTech German biotechnology company logos. Vincent Kalut | Photonews | Getty Images The country’s first Covid vaccine could be authorized for emergency use as soon as Thursday. If Pfizer and BioNTech get the green light, distribution is set to
Nick Molnar is something of an Australian icon. The 30-year-old is credited with reinventing the spending habits of millions of millennials, earning him a spot on his country’s young rich list. And now, as the pandemic supercharges his payments business, its soaring share price has shot him to billionaire status. “You can’t really digest what’s happening because a
Argentina’s Vice-President Cristina Fernandez de Kirchner (R) leads a virtual session of the senate at the Congress in Buenos Aires on December 4, 2020. JUAN MABROMATA | AFP | Getty Images LONDON — Argentina has passed a new wealth tax to help the government pay for health supplies and economic relief measures amid the ongoing
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images JPMorgan Chase has a set of policy recommendations for ways President-elect Joe Biden can prevent a
Frederick Bass | fStop | Getty Images $180 billion The relief package allocates $180 billion for “additional unemployment insurance,” according to a framework outlining cost elements. It’s the second-largest pot of money available, placing only behind $288 billion in support for small businesses, including funds for the Paycheck Protection Program. The bill would also offer
NEW YORK, NY – MAY 24: Former Treasury Secretary & White House Economic Advisor Larry Summers is … [+] interviewed by FOX Business’ Maria Bartiromo on May 24, 2017. (Photo by Robin Marchant/Getty Images) Getty Images For decades, conventional wisdom said that high levels of federal debt created a significant drag on the economy by
This is the strangest holiday season of a lifetime, isn’t it? We get warnings about not visiting during holidays of all kinds and the rates of infection keep going up. Given that it’s inarguable now that the rates of infection by Covid-19, hospitalizations and ICU admissions are worse that ever, we have to consider the
The real estate business is getting more competitive with each passing day. iBuying has taken over the industry with house flippers and real estate companies doing their buying and selling without even visiting the property. Zillow is now making it even easier for home buyers and sellers as it moves into new cities. This rollout
Dr. Joseph Varon, left, and other medical staff member talk to a patient in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images The Food and Drug Administration could authorize a coronavirus vaccine as early as the end of this week. The
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 32% in after hours trading. For its fiscal
Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Monday. “It’s all about that enthusiasm for stocks that should make somebody that is bullish
Jeremy Farrar, director of Wellcome Trust, at in the final session of the World Economic Forum (WEF) Africa meeting at the Cape Town International Convention Centre, on September 06, 2019, in Cape Town. Rodger Bosch/AFP via Getty Images Despite now being a scientific advisor to the U.K. government on the coronavirus, Professor Jeremy Farrar pretty
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Minority Leader Chuck Schumer continues to put pressure on President-elect Joe Biden to to forgive up to $50,000 in student debt per borrower on the first day of his
ASSOCIATED PRESS When I read in the Wall Street Journal that Bob Dylan had sold his entire songwriting catalog, I immediately wished that I had been in on the tax planning for that. Here is the press release from Universal Music Publishing. Sir Lucian Grainge, Chairman and CEO of Universal Music Group, said, “As someone