Mega-IRAs are hot this summer, following a June 2021 report by the nonprofit news service ProPublica that revealed—based on leaked IRS files—that a handful of high-net-worth individuals have accumulated massive individual retirement account (IRA) balances. The congressional Joint Committee on Taxation also reported that in 2019 more than 28,000 taxpayers owned IRAs worth more than
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Epidemiologist Dr. Anne Rimoin told CNBC that she agrees with White House chief medical advisor Dr. Anthony Fauci when he said that everybody will someday “likely” need a booster shot of the Covid-19 vaccines. “Well, I think Dr. Fauci is right,” said Rimoin, a professor of epidemiology at the UCLA School of Public Health. “What’s
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By Craig Miller, Next Avenue A few years ago, Lee Hilliard and his wife Linda, of Manchester, Conn., were torn over what to do with their investment portfolio. The 72-year-old retired media consultant and his wife, who’s 64, had come into some Chevron CVX shares from Linda’s inheritance in 2016 and then again after her mother
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In the first of a two-episode series, Tax Notes contributing editor Marie Sapirie interviews David Kreutzer, an economist at the Institute for Energy Research, about his views on a carbon tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
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Owner and Qualifying Broker at Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. In today’s real estate world, it’s not advisable to ignore others and think you can accomplish great things alone. As technology becomes an integral part of everyday life, it’s easy to neglect the human touch. From automated social
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Chime CEO Chris Britt Source: Chime Chime has raised a new $750 million Series G round of funding that values the fintech company at $25 billion — $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime, a so-called “challenger bank” known for fee-free banking, early paydays
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By Constance Brossa, Next Avenue When it comes to helping people work out, Shannan Schaffer is in perpetual beast mode. The former flight attendant taught her first indoor cycle class at a YMCA in Charlotte, N.C. 31 years ago. She’s still at it. “Pedaling to nowhere is my calling,” says Schaffer, who’s in her late 50s,
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Dr. Joseph Varon, right, and Jeffrey Ndove, left, perform a procedure for hypothermia treatment on a patient in the COVID-19 intensive care unit on Christmas Eve at the United Memorial Medical Center on December 24, 2020 in Houston, Texas. Go Nakamura | Getty Images DALLAS — Hospitals in Texas are suspending elective procedures and turning to
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