Today’s column addresses questions about filing before 70 in case congress raises the retirement age, how benefits are calculated and can be similar despite different earnings records and SSA taxes paid and how the 10 year marriage requirement for divorced spousal benefits can potentially be met. Larry Kotlikoff is a Professor of Economics at Boston
It’s alive! That’s what we learned about the New York City real estate market during the first quarter of 2021. Somehow the new year awoke in New Yorkers a realization of their commitment to life in the city. Low prices, at levels not seen since 2011, combined with record low interest rates and the prospect
A Roth IRA is a magnificent planning tool that offers some huge opportunities: · Growth and income can be tax-free · There are no Required Minimum Distributions for the owner, a spouse beneficiary and a ten- year distribution window for most non-spouse beneficiaries · Basis on assets from a Roth are automatically stepped-up. Roth assets are tax-free and
In this article GMCI-EG GMC-AU The 2024 GMC Hummer EV SUV and 2022 GMC Hummer EV sport utility truck, or SUT. GM DETROIT – General Motors unveiled an all-electric Hummer SUV Saturday that will top $110,000 when it goes on sale in 2023. The vehicle will be the stablemate to an upcoming Hummer pickup that’s
In this article ETSY Hispanolistic After a year of the coronavirus pandemic, millions of Americans are anxiously awaiting tax refunds from their 2020 returns. How they plan to use that chunk of money – which, for many, is the largest windfall they’ll see all year – is very different. Last year, the IRS sent nearly
As a pet-loving financial planner, I tend to attract a lot of clients who are also pet lovers. With this in mind, I have been asked countless times if there are any tax breaks for the owners of pets. I would like to share the top five tax deductions for pet owners according to Pawlicy Advisor
What does one do with the summer residence of Portuguese nobility? The privately-owned Brejoeira Palace, just south of Monção, Portugal, offers many possibilities. Lacking a crown and subjects, one could be a land baron. The 74-acre rural estate includes 44 acres of vineyards, 20 acres of woods and 7.5 acres of gardens. There’s even a
In the current low interest rate environment, many mortgage borrowers of advanced age are considering the wisdom of paying off their mortgage with low-yielding assets. This can be a good idea or a bad idea, depending on the circumstances of the borrower. Consider the following example: The borrower has a 4% mortgage with a remaining
Larry Wiggins is given the Moderna coronavirus (COVID-19) vaccine by Anya Harris at Red Hook Neighborhood Senior Center in the Red Hood neighborhood of the Brooklyn borough on February 22, 2021 in New York City. Michael M. Santiago | Getty Images The U.S. reported on Saturday another daily record of new Covid vaccine doses administered,
In this article ESGEX IPX-GB US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s infrastructure initiative — and the measures it contains to curb climate change — may be a tailwind for investors in so-called sustainable or ESG funds, according to financial
On March 25, 2021, Senator Bernie Sanders (I-VT) and Senator Sheldon Whitehouse (D-RI) introduced the “FOR THE 99.5 PERCENT ACT” which will dramatically and historically change estate planning by reducing the federal estate and gift tax credits, increasing estate, gift, and GST tax rates and including assets in certain trusts that are not now includible
Eric is a Real Estate investor, founder of MartelTurnkey, and author of Stop Trading Your Time for Money. Even if achieving financial independence is your No. 1 goal, how to make that a reality is far from obvious. A critical first step is to understand your expenses. Make sure your revenue is greater than your spending. This
It began as an extended snow day and quickly accelerated to a nation-wide shutdown with no end in sight. With markets falling in a tailspin, could you blame anyone who became anxious? The future looked bleak—assuming you believed you would have a future. “Obviously a year ago people were scared,” says Craig Kirsner President, Retirement
Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. Dustin Chambers | Reuters U.S. corporations face growing pressure and threats of boycotts to publicly oppose Republican-backed election legislation in Georgia and other states that critics say
kate_sept2004 | E+ | Getty Images Many Americans will pocket some extra money this year and next courtesy of changes the American Rescue Plan made to a handful of tax credits. The $1.9 trillion Covid relief measure tweaked the child tax credit, earned income credit, and child and dependent care credit. The changes, especially those
The Internal Revenue Service has announced that it’s sent out a third batch of American Rescue Act stimulus payments, and this is the first batch that includes “plus-up” or “supplemental” payments for those who got partial $1,400 payments earlier. The $1,400 payments—a third round of Covid-relief economic income payments—were authorized by the March 11 American
Chris Sands, Founder and CEO, Sands Investment Group (SIG). In commercial real estate sales, a common philosophy is the “win-win or no deal” approach. This suggests that both parties in a transaction should aim for a mutually beneficial outcome or walk away from the deal altogether. This brings both parties’ needs into consideration while anticipating an
By Kerry Hannon, Next Avenue Boomer women are “on pause” and thinking about quitting, according to a recent LinkedIn survey of 1,000 female professionals. Almost half (49%) of working women between 57 and 74 say their career is on pause (more so than Gen Z, Millennials and Gen X). And the boomer women’s conviction about
Coronavirus has rocked the nation with a year of restrictions, lockdowns, missed gatherings and events, isolation and a staggering loss of more than half a million American lives. As the pandemic stretches into a second year, Americans struggling with increased rates of depression, anxiety, and insomnia are looking for mental health support, and providers are
Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Presiding over the Financial Stability Oversight Council, which she now leads but was once a member, Yellen said last year’s market disruptions at the onset of the Covid-19 pandemic could have