Rolf Bruderer | Tetra images | Getty Images The greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say. It’s estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby
admin
Allyson Felix celebrates with her daughter Camryn after finishing second in the Women’s 400 Meters Final on day three of the 2020 U.S. Olympic Track & Field Team Trials in Eugene, Oregon. Patrick Smith | Getty Images Sport | Getty Images When runner Allyson Felix heads to Tokyo to compete in the Olympics, she’ll go
Social Security is a program you get the joy of paying into your entire working life. The prospect of this valuable retirement income stream not being there once you leave the workforce is alarming to many Americans. As it stands now, it is not a question of “if Social Security will run out of money” but
Leaving the Golden State? California’s 13.3% rate is the same on ordinary income and capital gain, and under a pending tax bill the top 13.3% rate could climb to 16.8%. Plus, California has even proposed a wealth tax. Even without proposed hikes, paying 13.3% in non-deductible state taxes (after the IRS $10,000 cap) is painful. You can leave for
Samuel Clemens, the writer known as Mark Twain, is celebrated at a museum in Hartford, Connecticut, at the grand house he and his wife, Olivia, built in 1874. Although he earned quite a bit of money, Clemens made a number of unwise investments; the family experienced financial insecurity and, for a time, lived in Europe to
Pedestrians relax in the sunshine in Greenwich Park in view of skyscrapers in the Canary Wharf business, shopping and financial district in London, U.K., on Monday, March 29, 2021. Bloomberg | Bloomberg | Getty Images LONDON — U.K. Prime Minister Boris Johnson is expected to confirm on Monday that the final easing of lockdown rules
SINGAPORE — The next global pandemic could happen at any time and the world must start preparing for it now, said Singapore’s Senior Minister Tharman Shanmugaratnam. “We don’t have the luxury of waiting for Covid to be over before we start preparing for the next pandemic, because the next pandemic can come any time,” Tharman
For some adult children who have unpleasant, oppositional aging parents, there is a strong motivation to stay out of their affairs. That’s understandable. No one likes to be yelled at and rejected. You want self-protection. But unwillingness to confront impaired aging parents can carry an extreme price tag. This is a real story with the
In this article DIS Scarlett Johansson and Florence Pugh star as Natasha and Yelena in Marvel’s “Black Widow.” Disney “Black Widow” has stolen the pandemic-era box office crown. The latest Marvel film scored $80 million at the domestic box office during its debut, the most of any film released in the wake of the Covid
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed
For months, multiemployer pension plan sponsors, participants, and their advocates have been waiting to see how the PBGC (Pension Benefit Guaranty Corporation) would interpret the American Rescue Plan’s legislation providing bailout money to multiemployer pensions, the The Emergency Pension Plan Relief Act of 2021 (EPPRA), which, as regular readers will recall, left multiple issues very
Today’s column addresses questions about Social Security’s earnings test, options once reaching full retirement age and having received disability benefits and which month can be optimal to file in. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize My Social Security
Chris Doyle, President and CEO at Billd, 120-Day Terms on Material Purchases for Commercial Contractors. The real estate business is complex — there’s no question about it. Consider the tasks real estate developers oversee regularly, from researching and finding the right piece of land to purchase, to financing the deal, to working with contractors and builders
San Antonio Spurs assistant coach Becky Hammon, left, talks to Spurs head coach Gregg Popovich, right, on the court during a timeout in the second half of an NBA basketball game against the Los Angeles Lakers in San Antonio. Darren Abate | AP Becky Hammon moved the needle, but the National Basketball Association assistant coach
As Americans recover from the widespread economic impact of the Covid-19 pandemic, some are already looking ahead and putting “financial defenses” in place to head off the next period of uncertainty. More than half, 58%, of Americans say they’re in “financial recovery mode,” according to Northwestern Mutual’s recent 2021 Planning & Progress Study. The annual survey,
An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images When Wall Street analysts take a more bullish stance on a particular stock, it could mean that the name is undervalued and has room to run. The stocks
What more could an avid golfer want? This castle-like chateau in southwest France comes with an 18-hole course, a driving range and a pitching green. Set near the rural village of Navarrenx, in the Nouvelle Aquitaine region, the 321-acre estate centers on a more than three-story stone house that dates to the 19th century. A
Steven Stamkos #91 of the Tampa Bay Lightning celebrates in the locker room with the Stanley Cup after the Tampa Bay Lightning defeated the Montreal Canadiens in Game Five to win the best of seven game series 4-1 during the Stanley Cup Final of the 2021 Stanley Cup Playoffs at Amalie Arena on July 7,
jittawit.21 | iStock | Getty Images With the pandemic proving hard to leave behind and the global economy still suffering, the stock market is having a bad week. The Dow Jones Industrial Average dropped about 350 points, or 1.1%, in early Thursday trading, and the S&P 500 fell 1.3%. But while it can be painful
It may have taken four years, but Kelly Clarkson has finally sold her lakefront mega mansion in Hendersonville, Tennessee for $6.3 million. The original listing price was $8.75 million in 2017 with the most recent reduction early this year to $7.49 million. The singer, songwriter and talk-show host still raked in a profit, as she bought