A recent survey has announced something you already know. The Employee Benefit Research Institute conducted an online survey in late January and early February. It found that retirement confidence among workers has dropped to 64%. This is the lowest level since 2008 when America was on the cusp of its credit-crunch recession. The 2023 ICI
Effective January 1, 2023 if you are age 70-1/2 or older, you can distribute up to $50,000 from your traditional IRA directly into a charitable remainder trust or gift annuity. The distribution will be excluded from your income, but if you are age 73 or older it will nonetheless count toward your Required Minimum Distribution.
In this article F TSLA Follow your favorite stocksCREATE FREE ACCOUNT Bill Farley and Elon Musk Getty Images DETROIT – Ford Motor CEO Jim Farley and Tesla and Twitter CEO Elon Musk will host a live, audio discussion via Twitter Spaces about accelerating EV adoption at 5:30 p.m. ET on Thursday, according to a post
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress – and
Getty | mihailomilovanovic The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and that’s especially worrisome for retirees who rely on their investment portfolios for income. Retirees are generally advised to hold some stocks as part of their nest egg.
Couples Therapy, Orna Guralnik Source: Showtime When I was growing up, my father used to repeat a saying he’d heard as a child from his grandmother: “When money doesn’t come through the door, love goes out the window.” That proverb appears to date back to a 19th century painting by the English artist George Frederick
Nikola Stojadinovic | E+ | Getty Images Borrowers may be down to their last few months without a student loan payment. The Supreme Court could announce its decision on the Biden administration’s sweeping student loan forgiveness plan any day, and the U.S. Department of Education has braced borrowers to be ready for the bills to
Two H-1B visa holders and an international student are plaintiffs in a lawsuit alleging Florida’s new law preventing many Chinese citizens from purchasing real estate in the state is unconstitutional. The state will also require U.S. citizens in Florida to attest that the law doesn’t apply to them when buying real estate. Florida Gov. Ron
Americans fear Alzheimer’s disease more than cancer, stroke, and heart disease combined, according to a survey conducted by the Milken Institute. While the risks of Alzheimer’s are well known, what’s lesser known is that many seniors experience mild cognitive decline or other forms of dementia in their 80s and beyond; these conditions often impair their
The frustration of business owners with their federal income tax payments is palpable. Though no major tax legislation has recently been passed, federal income tax payments are increasing dramatically. With rising inflation, workforce shortages, and supply chain woes, businesses are coming face to face with the prospects of retraction and survival versus expansion and entrepreneurship.
In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT Aircraft VMS EVE carries with spacecraft VSS Unity during a flight test. Virgin Galactic Virgin Galactic is preparing to launch its first spaceflight in nearly two years on Thursday, as the space tourism company aims to pass a final test before flying commercial passengers. Called
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year The retailer affirmed
Starling Bank CEO Anne Boden. Starling Bank The co-founder of Starling, one of the U.K.’s largest digital banks, is set to step down as CEO next month, the company said Thursday. Starling, which is backed by U.S. investment banking giant Goldman Sachs, is one of the most prominent fintechs in the country with a user
Izusek | E+ | Getty Images The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts. Such programs carry fees but generally save travelers time at the airport. However, relatively long processing times — as with recent passport applications —
Sometimes it’s hard to start over with a completely clean slate. But, with housing, that’s the opportunity and that’s what Veev’s CEO and co-founder Amit Haller did when he launched the company in 2008 and what he has continued to do every day since. Reimagining housing without the normal dictates of stakeholder operations has allowed
For parents, trying to navigate retirement savings and college tuition at the same time—while also having enough money to cover expenses and keep a decent quality of life—can feel impossible. As a financial advisor, I am often asked some form of this question: Should I put off saving for retirement to save for my children’s
Florida Gov. Ron DeSantis gives remarks at the Heritage Foundation’s 50th Anniversary Leadership Summit at the Gaylord National Resort & Convention Center on April 21, 2023 in National Harbor, Maryland. Anna Moneymaker | Getty Images Florida Gov. Ron DeSantis officially launched his presidential campaign Wednesday, putting his blend of pro-business conservativism and culture-war populism to
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 19% in extended trading. Here’s how
In this article ELF GES AEO SNOW NVDA Follow your favorite stocksCREATE FREE ACCOUNT The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making headlines after hours. Nvidia — Nvidia shares surged 19% in extended trading. The chipmaker
A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That’s according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was “the best piece of advice I ever