Share to facebook Share to twitter Share to linkedin Some items aren’t as cheap as you may think. Bebeto Matthews/ASSOCIATED PRESS Topline: With the holiday shopping season right around the corner, millions will be out in force searching for deals beginning Friday, November 22, on Black Friday (November 29) and Cyber Monday (December 2), but
Taxes
EAST HAMPTON, NY – AUGUST 03: Cocktail hour outside at the 10th Apollo in the Hamptons benefit at … [+] the home of Ron Perelman and Anna Chapman (Photo by Rebecca Smeyne/Getty Images) Getty Images Last Friday, The Tax Policy Center sponsored a morning-long program on market-to-market taxation of capital gains. After three hours, I
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
Share to facebook Share to twitter Share to linkedin More bad news for the embattled office-sharing startup. Scott Olson/Getty Images Topline: Troubled office-space startup WeWork is facing more bad news, with the company announcing today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a
Share to facebook Share to twitter Share to linkedin Despite Republicans’ opposition to cannabis, 11 states and the District of Columbia have legalized … [+] marijuana for recreational usage, while medical marijuana is legal in 33 states plus D.C. Photo by Andrew Lichtenstein/Corbis via Getty Images Topline: A Congressional committee approved a landmark bill Wednesday
Hey, you know that really annoying Cher song? No, not “I Got You Babe,” the other one. No, no…not “Believe,” the really annoying one. C’mon…you know the one I’m talking abo….yes! “If I Could Turn Back Time,” that’s the one! That song came on the radio the other day, and I got to thinking, “Man,
Economic Security Planning, Inc. Today’s column addresses what happens when benefits are withheld due to the earnings test, when spousal benefits might be available, public pensions and spousal benefits, survivor benefits and how excess spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Are you wondering if you should convert your retirement account to a Roth by the end of the year? After all, there’s no income limit on IRA conversions and many employers are now allowing employees to convert their company retirement plan balances to Roth while they’re still working there. At first glance, it may sound
Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
WASHINGTON, DC – NOVEMBER 15: U.S. President Donald Trump delivers remarks in the Roosevelt Room at … [+] the White House on November 15, 2019 in Washington, D.C. (Photo by Zach Gibson/Getty Images) Getty Images Lots of people want to see President Trump’s tax returns, including members of Congress, New York state prosecutors, and —
Share to facebook Share to twitter Share to linkedin Supreme Court Justices John Roberts, Elena Kagan, Neil Gorsuch and Brett Kavanaugh attend the State … [+] of the Union address February 5. Photo by Doug Mills-Pool/Getty Images Topline: The Supreme Court on Monday gave President Trump a temporary reprieve from handing his tax returns over
Last week I wrapped up my first semester as a professor at the University of Denver’s Graduate Tax Program, and I’ve got to say, the transition back to civilian life hasn’t been easy. I found my daughter in tears this morning, and my immediate reaction was to ask if she was suffering from “physical injury
With his new album, Jesus Is King, Kanye West has turned more and more religious. He may have been toying with bankruptcy a few years ago, but today, his fashion and music empires seem to be raking in the cash. True, Kanye isn’t on the Forbes billionaires list just yet, but perhaps a name change
Share to facebook Share to twitter Share to linkedin Former Vice President Joe Biden. Photo by Scott Olson/Getty Images Topline: If elected president, Joe Biden wants to spend $1.3 trillion on an infrastructure package that includes a transportation overhaul and rebuilding the country’s roads, bridges and tunnels while moving to net-zero carbon emissions, and plans
That number was the third highest on record, despite the fact that the tax changes that took effect in 2018 reduced some of the opportunities to take advantage of tax breaks for charitable giving. Clearly, most donations are motivated by a lot more than tax savings. But there’s no reason not to maximize your tax
Share to facebook Share to twitter Share to linkedin The feud between Cooperman and Warren escalates, yet again. Bloomberg/Getty Images Topline: In the latest salvo in her war on the ultrarich and public feud with longtime investor Leon Cooperman, 2020 hopeful Elizabeth Warren released a new TV ad that takes aim at a group of
Sharon McCutcheon Do you know how much money you save right now? And more importantly – do you know if it’s enough? Your savings rate is one of the best metrics to use to determine if you’re on the right track to meet your goals. It’s represented by the percentage of your gross income that
Each year, the IRS announces changes to retirement plan contributions for 401(k) plans, individual retirement accounts and more. If you’re in the process of saving for retirement, it is essential to know the current contribution limits and take maximum advantage of them, if possible. The most notable changes for the coming year apply to 401(k)
Economic Security Planning, Inc. Today’s column addresses whether Social Security benefits are recalculated due to continued employment, public pensions and divorced spousal benefits, how divorced spousal benefits are calculated, when spousal benefits are available and foreign pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
Share to facebook Share to twitter Share to linkedin The brokerage firm is exploring a bold new play. Getty Topline: As it looks to make up lost revenue from slashing commission fees to zero, brokerage firm TD Ameritrade is reportedly testing different ways it can tap into the sports gambling business, Business Insider first reported.