Economic Security Planning, Inc. Today’s column addresses questions about whether losing benefits to the earnings test will increase the family maximum at full retirement age, verifying past wages along with what wages are counted for Social Security and the family maximum’s potential effects on children’s benefits. Larry Kotlikoff is a Professor of Economics at Boston
Brooklyn is foundational to NYC’s recovery. Ariel Property Advisors On September 22, Industry City’s proposed rezoning and expansion joined Amazon HQ2 in Queens as another major multi-faceted neighborhood development to be scrapped after community opposition and a lack of support from local officials. These reversals of fortune for major developments represent a sea change in
Alex Azar, secretary of Health and Human Services (HHS), wears a protective mask during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., U.S., on Friday, Oct. 2, 2020. Azar is appearing before the committee to testify on the coronavirus crisis and the Trump administration’s portrayal of Covid-19 deaths. Photographer: Michael A.
A employee moves pizza boxes before a delivery at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its quarterly revenue rose 17.9%, led by more U.S. customers ordering pizza delivery during the coronavirus pandemic. But earnings fell short of expectations, hurt by higher
Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on Squawk Box that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008 financial
An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,
CNBC’s Jim Cramer on Thursday advised investors to not buy shares of Regeneron Pharmaceuticals, simply because President Donald Trump touted the company’s potential coronavirus treatment. Regeneron’s stock was higher by 2% on Thursday. In a video posted Wednesday, Trump claimed that Regeneron’s experimental antibody treatment for Covid-19, which the president received for his illness, was “a cure.”
Getty Images It’s no secret that 2020 has been an unpredictable year. And that uncertainty can cloud the decisions we make, especially when it comes to money. Consequently, investors and their financial advisors need to be on their guard for clouded decision making that could lead to regrets later. “It’s possible that the times have
Audience members listen as Democratic presidential nominee and former vice president Joe Biden participates in a CNN town hall event on Sept. 17, 2020 in Moosic, Pennsylvania. Drew Angerer | Getty Images Expanding the child tax credit Currently, families with qualifying children under age 17 may be eligible to claim a child tax credit of
MARLBOROUGH, MA – AUGUST 19: Sr. Jeanne Fregeau, 93, waits for her morning medication at St. … [+] Chretienne Retirement Residence. Since COVID-19 spread through the facility in April the chapel has been closed, leaving the residents to watch Mass on television. (Photo by Craig F. Walker/The Boston Globe via Getty Images) Boston Globe via
State and local income tax written in a note. getty Now that economic nexus for use tax purposes is the law of the land, states have leaped at the opportunity to update their sales tax laws, many focusing on marketplace facilitators and marketplace providers. Of course, this does not mean remote sellers that do not
The expansive home is on a bluff overlooking the Potomac River Gordon Beall Sited on 16.5 acres of George Washington’s original Mount Vernon estate, River View overlooks the Potomac River from a commanding bluff. Today it is for sale for $60 million. “This was originally part of Washington’s River Farm, and was deeded to his personal
Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to harass” and discredit the billionaire by publicly accusing him over Twitter of sexually abusing women, according to the lawsuit filed Monday. David Bateman, the founder and CEO of software company Entrata, started tweeting about Milton in late September, posting
A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Lufax, one of China’s biggest wealth management platforms, has filed to go public in the U.S., amid a flurry of capital market activity
There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
The beginning of 2020 created a unique moment for retail trading: Increased market volatility, stay-at-home orders, and zero commission fees across all trading platforms created a surge in activity and an increase in first-time traders. These first-time traders, many in their 20s and 30s, found the stock market accessible. High prices had kept many on
Silvia Lucci, her husband (left), and son (right) are part of the family team behind LUHV Foods, and its successful outposts, such as their vegan deli at Philadelphia’s famed Reading Terminal Market. Julietta Lucci When Jennifer Rodriguez relocated to Philadelphia in the late ’90s, the once-bustling South Philly neighborhood of Italian Market was in decay.
getty Covid ruined everything. It abruptly halted a humming economy. Worse, it cost many their jobs as state governments shuttered entire industries. Congress, in an attempt to stave off immediate cash flow short-falls, passed the CARES Act hoping to help those who lost income as a result of these shut downs. As with all good
WASHINGTON, DC – SEPTEMBER 30: Sen. Chuck Grassley (R-IA), speaks during a hearing on Wednesday, … [+] September 30, 2020 on Capitol Hill in Washington, DC. The committee is exploring the FBI’s investigation of the 2016 Trump campaign and Russian election interference. (Photo by Stefani Reynolds-Pool/Getty Images) Getty Images Senators Grassley, Daines and Roberts have