Alistair Berg | DigitalVision | Getty Images It’s officially crunch time for older savers who must take mandated withdrawals from their retirement accounts. Individuals who turned 70½ this year — and those who are older — are responsible for taking required minimum distributions from their individual retirement accounts and from each of their 401(k) plans.
By Mark Miller, Next Avenue Contributor Getty If you’ve ever experienced a long wait to get help from the Social Security Administration, the agency has some good news for you: the pace is about to pick up a bit. Repeated cuts to the agency’s administrative budget over the past decade by Congress have forced the
The news that PG&E agreed to a $13.5 billion fire settlement with lawyers for victims means that plaintiffs are a step closer to getting compensated. But there are conditions, including approval from the Bankruptcy Court. Even assuming that court approval comes, there are big mechanics to work out too. Most big settlements of this nature
Downtown Salt Lake City is increasingly becoming a hub for young, tech-savvy workers. Getty Part Two of a two-part series on Utah takes a look at Salt Lake City’s booming economy and key drivers in the economic expansion. Salt Lake City is flourishing in innovation and growth, nurturing an entrepreneurial environment and economic development. The
U.S. Attorney General William Barr, December 10, 2019. Mark Wilson | Getty Images Washington D.C. — Attorney General William Barr on Tuesday took to the podium at a national gathering of attorneys general in Washington D.C. to attack one of the few bipartisan targets in Washington D.C: big technology. The speech took place at the
Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters The Federal Reserve is likely to indicate it’s not in a hurry to do anything to change its neutral stand on interest rates, following its meeting Wednesday. But
Howard Marks, Co-Chairman, Oaktree Capital David A. Grogan | CNBC Investors should take some risk off the table in 2020 given some of the challenges the market faces, billionaire investor Howard Marks said on Tuesday. “The economic expansion and the bull market are old,” Marks told CNBC’s Wilfred Frost. “Valuations are above average. There’s a
New York, New York E+ | Getty Images There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson, D-Calif., proposed the “Restoring Tax Fairness for
Dad Giving His Son Advice About Retirement Getty What Can Be Better Than An Inheritance? A Personal Matching Program Getting an inheritance can be a good thing – or a bad thing. While Millennials may wish their inheritance will someday pay for their retirement, that may or may not happen. According to a 2018 Charles Schwab Study,
Getty When it comes to tax and accounting services in the United States, many corporate clients are asking the question: Am I with the right firm? After all, last year was the first tax season under the Trump Administration tax overhaul – the Tax Cuts and Jobs Act. That brought pitfalls and opportunities. And now
Getty Feeling priced out of New York City? If you’re looking to buy a home for around $250,000, you may want to trade in your wing tips for cowboy boots. You can get six times more space in Houston for that price than in the Big Apple, according to a new report from PropertyShark. The
A woman pushes her shopping cart down the bottled water aisle at a supermarket in Los Angeles, California on March 15, 2018. Frederick J. Brown | AFP | Getty Images As bottled water’s sales growth flattens, the world’s largest bottled-water maker is betting on new products to try to make water exciting again. New products
The Federal Reserve could be launching another round of money-printing in the next few weeks as problems in the overnight lending markets reemerge and force the central bank into more aggressive action, according to a Credit Suisse analysis. A fourth version of quantitative easing — often referred to as “money-printing” for the way the Fed
At the Dead Sea, travelers slather thick, mineral-rich mud onto their bodies and bake under the sun. In India, hot stones are strategically placed along the spine. From Iceland to New Zealand, people luxuriate in steaming natural hot springs. And in Morocco? Travelers are buried alive in sweltering hot sand in the name of health
Exxon did not mislead shareholders over the true cost of climate change, New York Supreme Court Justice Barry Ostrager ruled on Tuesday. The $1.6 billion suit brought by New York Attorney General Letitia James, alleged that Exxon deceived investors about the true cost of climate change. The trial, which began in October and was the
visualspace | E+ | Getty Images You probably have a financial junk drawer — a hodgepodge of incomplete financial projects, goals and even a few secrets. Lots of people have one, says Amanda Priebe, a certified financial planner and wealth strategist at PNC Wealth Management. But unlike that kitchen drawer filled with old packets of
Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States,
Getty Precept 1 of the Code of Professional Conduct for credentialed actuaries in the United States says this: “An Actuary shall act honestly, with integrity and competence, and in a manner to fulfill the profession’s responsibility to the public and to uphold the reputation of the actuarial profession.” What’s that mean? In the world of
Year-End Tax Planning is a must for Gay Couples with big incomes. Getty While year-end tax planning can be valuable for everyone, the tax savings can be even larger for gay married couples. According to the US Treasury Department gay married men make more, on average, than our straight married counterparts. Don’t despair ladies. Lesbian married
Share to facebook Share to twitter Share to linkedin Mortgage lending limits will increase yet again for 2020 Getty News from the Federal Housing Financing Authority provides the latest figures for the threshold for non-jumbo mortgages (or a ‘conforming loans’) and the numbers show a significant increase yet again. For 2020, the limit will raise