Guido Mieth | DigitalVision | Getty Images It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too. The IRS requires savers to make withdrawals from their retirement accounts starting at the age of 70½. “They’ve allowed you to defer taxes, but they need to
By Elizabeth Alterman, Next Avenue Contributor Ruth and Al Brod and family in their dining room Ruth and Al Brod When Ruth Brod retired from her job as a probation officer in 2004, she and her retired husband, Al, decided to sell their 1,600-square-foot house in New Hyde Park, N.Y. and move into a 2,800-square-foot
Receiving a Pension Buyout Offer may feel like you’ve won the lottery. But make smart choices to … [+] help ensure you have a financially secure retirement. PA Images via Getty Images Pensions were once the cornerstone of a secure retirement. They provided a retirement income you could not outlive. Today, pension plans are being
Share to facebook Share to twitter Share to linkedin His new economic agenda calls for $1.6 trillion in spending over the next decade. Scott Olson/Getty Images Topline: As the Democratic primary race heats up, 2020 hopeful Pete Buttigieg released a sweeping new economic plan to invest more than $1 trillion in affordable housing, education and
Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Reuters China’s exports and imports beat forecasts in October, Reuters reported citing data from the country’s customs. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October. Trade balance for
Roku stock tanked more than 14% in after-hours trading after the company reported Q3 results. Here’s what the company reported, compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Adjusted loss per share: 22 cents Revenue: $261 million vs $256.9 million, according to Refinitiv consensus estimates Analyst surveyed by Refinitiv
A child receives a vaccination shot at a hospital in Huaibei in China’s eastern Anhui province on July 26, 2018. – | AFP | Getty Images SHANGHAI – Some of the world’s largest medical and health care companies are stepping up their bets on the Chinese market, regardless of slowing economic growth and trade tensions.
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The so-called “Santa Claus rally” is already upon us, according to Tom Lee, Fundstrat Global Advisors’ head of research. The Dow Jones Industrial Average hit another new record on Thursday, bringing its gain for the year to 18%. Improving economic
cmannphoto | Getty Images Get out your pencils and calculators: The IRS has released a breakdown of what’s ahead for the 2020 tax year. Taxpayers who’ve been paying close attention will notice that the Tax Cuts and Jobs Act overhauled the tax code. Those sweeping changes include a higher standard deduction — it’s now $12,400
raccoon in a trash can Getty Most stocks that pay more than 10% are, honestly, trash. Their yields usually look big because their stocks have split once or twice “the wrong way.” Take Tupperware Brands (TUP), for example. The party ended abruptly for these shareholders. I feel bad for anyone who was mistakenly holding these
On November 7, 2019, the IRS released long-awaited Proposed Regulations to update to the life expectancy tables that both retirement account (i.e., IRA, 401(k), 403(b), TSP) owners and beneficiaries use to calculate Required Minimum Distributions (RMDs). The tables have not been updated since Final Regulations were released by the IRS back in April of 2002,
The Kellum-Noble House, a 1847 Houston property still sitting on its original site in what is now a … [+] city park, has seen its share of history. After a restoration project that started in 2014, it’s reopening. CALpix On the edge of downtown Houston’s modern business district, the city’s oldest building is reopening following
Star Wars: Galaxy’s Edge, inside Disneyland in Anaheim, California. Jeff Gritchen | MediaNews Group | Getty Images Higher ticket prices didn’t deter tourists from taking trips to Disney theme parks during its fourth quarter, but some are still holding off on their visits until Star Wars: Galaxy’s second ride is operational. “We believe there were
Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock jumped 6% in extended trading on Wednesday, after the chipmaker reported better-than-expected earnings and revenue. Qualcomm reported
Traders work at the New York Stock Exchange on October 2, 2019. Johannes Eisele | AFP | Getty Images This week, the Securities Industry and Financial Markets Association (SIFMA) held the fifth in a series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as “Quantum Dawn.” The exercise offers
American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending. Microsoft currently has the largest cash pile at $136.6 billion as of last quarter, according to estimates from FactSet. Berkshire Hathaway, Alphabet and Apple occupy the other top spots, with $128.2 billion, $121.2
Kenneth Fisher, founder of Fisher Investments. Jonathan Fickies | Bloomberg | Getty Images Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors. The development was disclosed on a conference call
College graduates will soon be hit with their first student loan bill aywan88 | E+ | Getty Images We’re heading into the season for turkey dinners, Christmas trees, presents and, for recent college graduates, their first student loan bill. Students who were handed their diplomas in May or June will find the half-a-year grace period
Getty Stop me if you’ve heard this one before: the earnings gap between men and women affects not merely their living standards in the short-term, but also their well-being in retirement. There’s nothing surprising here. But the whole discussion is very narrowly focused on income. There’s an elephant in the room: marriage. Let’s start with
Share to facebook Share to twitter Share to linkedin This time, though, the two might actually talk. Michael Cohen/Getty Images for The New York Times Topline: Bill Gates became the latest among a slew of billionaires to express skepticism over Senator Elizabeth Warren’s wealth tax on Wednesday, sparking a twitter conversation between the two, in