Getty Traditional defined benefit (DB) plans make it easy for participants by specifying the monthly lifetime stream of income that retirees will receive. Unfortunately, as these pension-style programs become less-common, individuals increasingly rely on employer-sponsored defined contribution (DC) plans. This shifts the responsibility for making complex savings and investment decisions to workers and retirees. To
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A golden egg in a line of white eggs. Getty My parents’ generation believed that “a rising tide lifts all boats,” a clever metaphor for the idea that everyone’s economic situation will improve when times are good. It’s the kind of statement baby boomers repeat, ad nauseam. And it’s the kind of quaint notion that
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Isabel Pavia | Moment | Getty Images Derived from the Swedish term “flygskam” where the movement originated, “flight shame” is having a notable effect on the way people think about traveling. The concept aims to get people to stop traveling by plane in order to lower carbon emissions and has gained momentum thanks to environmental
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Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are
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Getting mixed-use megadevelopments planned, built and marketed demands sophisticated multidisciplinary strategies and an equally sophisticated team of design, building and marketing pros. The obstacles are Herculean, but the paybacks can be equally enormous. That’s because megadevelopments — outsized, mixed-use ventures that blend a wide range of property types into big, dazzling, enticing destinations — represent
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Rather than a wealth tax, successful businessman and businesswomen should be pushed to donate more, according to e-commerce billionaire Michael Rubin. “There has to be more pressure on entrepreneurs, when they create great value, to give back,” Rubin told CNBC’s “Squawk Box” on Monday. “I always bank on an entrepreneur to give back and get
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LONDON, ENGLAND – SEPTEMBER 13: A plane comes into land at Heathrow Airport on September 13, 2019 in … [+] London, England. (Photo by Leon Neal/Getty Images) Getty Images Fasten your safety belts. Jeremy Cape of Squire Patton Boggs explains the U.K.’s Air Passenger Duty (APD) and one group’s proposal to impose a frequent flyer
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