Today’s column addresses questions about taking reduced retirement benefits before later spousal benefits, whether there’s a best time of the year to retirement and the potential availability of spousal benefits after a divorce. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more
In the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how two top real estate agents recently set a record in one of Los Angeles’ hottest markets. The Sherman Oaks residence received multiple offers thanks in part to the savvy marketing techniques … [+] leverages by
FILE PHOTO: U.S. Army soldiers assigned to the 82nd Airborne Division patrol Hamid Karzai International Airport in Kabul, Afghanistan August 17, 2021. Picture taken August 17, 2021. U.S. Air Force | Reuters The Biden administration has told commercial U.S. airlines that it could order them to help in the Afghanistan evacuation, according to a person
In this article ZNOG Tourists crowd in to the Midway Geyser Basin on July 14, 2021 at Yellowstone National Park, Wyoming. Yellowstone is one of many national parks seeing record numbers of visitors this summer. Natalie Behring | Getty Images News | Getty Images Cadillac Mountain in Maine’s Acadia National Park is among the country’s
Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images As earnings season draws to a finale, investors’ eyes are focused on how the second half of 2021 will look. Be it a contagious new Covid-19 variant causing lockdowns,
There are fun expenses that come with any vacation you’re flying off to — that souvenir t-shirt, a fancy dinner or even a poolside cabana rental — but forking over a fortune to park your car at your home airport while you’re away isn’t one of them. Travelers departing major U.S. airports can often expect
The fields of behavioral finance and economics have been around for decades. They represent bodies of knowledge that have been applied, for better and for worse, by many. But they’re only now entering the mainstream. The oversimplified lesson could be summarized as the following: You’re all a bunch of irrational dummies. But at least one
Lots of people have had to cancel trips in recent weeks as a midsummer resurgence of the pandemic pushed Covid-19 infections and hospitalizations to record highs in many states. Now, the nation’s central bankers are in the same boat, and it might be a signal that mortgage rates could be staying near historic lows in
U.S. Secretary of State Antony Blinken leaves after speaking about refugee programs for Afghans who aided the United States during a briefing at the State Department in Washington, DC, U.S. August 2, 2021. Brendan Smialowski | Reuters The U.S. State Department was hit by a cyberattack and notifications of a potentially serious breach were made
kate_sept2004 | E+ | Getty Images In August, millions of American families received the second of six advance child tax credit payments — hundreds of dollars per month for those with eligible kids. Just one payment has already helped, data shows. For 56% of families, receiving just the first monthly child tax credit payment in
By Richard Eisenberg, Next Avenue Managing Editor America’s retirement savings system is a mess (that’s a technical economic term). “System” is actually too grand a word for the ad hoc retirement savings plan edifice that has been built up over years. To be sure, the system works reasonably well for those on the payroll of
The life sciences side of commercial real estate has been a flourishing asset class for a number of years. The pandemic has only served to solidify its stronghold within the commercial real estate sector. According to Newmark’s “2021 Mid-Year Life Science Overview & Market Clusters” report, venture capital firms accelerated their investments in life science
In this article OLO DIN Rosario Granieri, owner of Pizza Secret, demonstrates how a QR code menu works at Pizza Secret on July 27, 2021 in the Park Slope neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images The coronavirus pandemic ushered in the instantaneous, widespread use of QR
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images ARK Invest’s Cathie Wood defended her innovation-focused strategies in the wake of investors betting
Miracle Messages founder and CEO Kevin F. Adler, right, with community ambassadors Beverly Stevenson and Brian Whitten in San Francisco. San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty Images More than six years ago, Kevin F. Adler walked the streets of his San Francisco neighborhood with an unusual purpose: He wanted
The ultimate goal for a Roth IRA is for it to qualify for tax-free distributions. Spouse beneficiaries must take care to choose the option that leads to tax-free distributions. A dilemma faced by spouse beneficiaries of IRAs is whether they should move the amounts to Beneficiary IRAs or their own IRAs. For inherited Roth IRAs,
Ready to leave the hubbub behind? This idyllic 13-acre retreat is set above the Lake of the Woods in Bigfork, Montana. If you’ve never heard of the lake, that’s not by accident. In fact, it’s a big part of the appeal. The quiet lake encompasses 61 acres and sits at an elevation of about 3,000
A Singapore Airlines plane is parked beside Scoots passenger planes on the terminal tarmac at Changi International Airport in Singapore on March 15, 2021. Roslan Rahman | AFP | Getty Images Interest in travel between Singapore and Germany shot up after a so-called vaccinated travel lane between the two countries was announced, which means that
In this article 3333-HK A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images BEIJING — Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images When junior bankers at Goldman Sachs complained about what they called “inhumane” working conditions in an