The disparity in wealth between Black and white households in the U.S. — referred to as the racial wealth gap — has paved the way for a significant retirement savings shortfall that is only growing, according to Thasunda Brown Duckett, president and CEO of TIAA. “There is a real problem,” she said Tuesday in a conversation with
To Doug, the end point was near and clear. He saw retirement within the next three years. With a sparkle in his eye, he pointed to where he and his wife Sue were to retire. Looking out, Doug spread his arms as if to hug the distant pine covered mountains, he declared, “Yep! Sue and
We will be holding a free 30-minute webinar on the use of grantor trusts on Monday, April 10, 2023 at 4:00 PM EST. Please click here to register. I wish to thank Stetson University College of Law students Jason McCosby and Peter Farrell for their assistance in writing this article.} Estate tax planning experts and
What’s trending in porcelain and ceramic tile? And why should builders, designers, architects, homeowners and even real estate professionals care? Tile is a versatile, multi-surface, time-tested material that can enhance the sustainability, wellness potential and resilience of the homes it clads. “All of the above are important considerations when selecting tile,” emailed Jennifer Richinelli, editorial
The modified 747 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit With Virgin Orbit now under bankruptcy protection, departing Chief Operating Officer Tony Gingiss had some choice words for the company’s leadership, as well as a lengthy and detailed apology
Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann | Afp | Getty Images UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop, following its takeover of fallen rival Credit Suisse last month.
Some places are wooing visitors by waiving visa requirements and giving out air tickets. But Amsterdam has a problem with too much tourism — and now it’s telling some visitors, namely British male tourists aged between 18 and 35, to “stay away” if they’re traveling to the city for drugs or parties. Amsterdam’s local authority
Ijeab | Istock | Getty Images As families try figure out how to pay for their children’s college costs in the fall, scholarships are an important avenue to explore. “Every dollar won in a scholarship could potentially eliminate a dollar borrowed for the student,” said Elaine Rubin, director of corporate communications at Edvisors. More than
Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. This transcript has been edited for length and clarity. David D. Stewart: In a world where taxes are complex and confusing and taxpayers are left feeling overwhelmed and frustrated, a new hero emerges, the AI chatbot. But can these digital assistants really save the
A new home search site launched last week that aims to bring the process of finding a home to consumers without the for-profit model that has accompanied most real estate search sites since they first disrupted the industry nearly 20 years ago. Nestfully, a joint launch with several of the largest multiple listing services in
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had
In this article CAT K-CA NEM ETSY AMC VORB NOW Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake |
Eva-katalin | E+ | Getty Images If you’re one of the millions of Americans who worked fully or partially remote in 2022, you may be wondering about the home office deduction on your taxes. While remote work has declined since the early days of the pandemic, nearly 30% of employees were telecommuting in January, according
Westend61 | Westend61 | Getty Images The job market continued a gradual cooling in February but largely remains advantageous for workers, according to labor data issued Tuesday. Job openings, a barometer of employer demand for workers, fell by 632,000 to 9.9 million in February — the lowest level since May 2021, according to the Bureau
There’s a wide variance of life expectancies among the 50 states in the U.S., according to a recent report prepared by Assurance, an insurance technology platform that helps consumers with decisions related to insurance and financial well-being. Figure 1 below shows the 10 states with the highest life expectancy, starting with Hawaii, the state with
The IRS has announced it will open several Taxpayer Assistance Centers (TACs) around the country this Saturday, April 8, for face-to-face help available from 9 a.m. to 4 p.m. An additional Saturday opening is planned for May 13. “During these special openings, taxpayers can get walk-in service for in-person help on many tax matters,” said
A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even as home prices grew for the 133rd straight month in February, the 4.4% increase still was nothing to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that
In this article BA TSLA BURL PRU Follow your favorite stocksCREATE FREE ACCOUNT The Etsy website Gabby Jones | Bloomberg | Getty Images Etsy — The e-commerce company’s shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. The firm said that it thinks Etsy’s marketplace strengths will “help reaccelerate active buyer growth.”
In 2011, I started a personal finance blog, Making Sense of Cents, to track my journey to becoming debt-free — and it took off fast. Within a few years, I was earning enough to quit my 9-to-5 job to focus on my business, and I had paid off $40,000 in student debt. Today, I live