MoMo Productions | DigitalVision | Getty Images Everyone wants their kids to be happy and successful. Teaching them about personal finance and economics can help make that happen. In fact, the lack of that education can be devastating. It can lead to credit card and student loan debt, living paycheck to paycheck and not saving
If you’re within 5 years of retiring, you have a window of opportunity. Don’t miss it. A little intentionality now can set the stage for a successful retirement. Years ago, I planned a backpacking trip through the Grand Tetons in Wyoming. I started by casting my vision for my adventure: the trails I’d hike, the
Tax Planning is an essential part of being a business owner. As your income grows, the options may seem more complicated, but they are also more valuable. Filing your taxes is not fun, and most business owners are busy, so proactive tax planning tends to get pushed aside. This can often result in higher than
This newly built house in Toronto’s Lytton Park may be the freshest face on the block, but it looks right at home. The Georgian-inspired three-story is in keeping with the classic styles of existing houses in the community. Once farmland and a rural suburb of Toronto, the neighborhood was originally made up of mostly Georgian
Singapore is set to open “vaccinated travel lanes” with more countries — but that doesn’t mean the country is taking on significantly higher risks, Transport Minister S. Iswaran told CNBC on Monday. The city-state announced last week that it will be launching more travel lanes for vaccinated travelers from South Korea, Canada, Denmark, France, Italy,
Investors may want to hit the buy button the next time technology stocks sell off. Invesco’s Kristina Hooper contends the group is playing a crucial role in corporate America’s desire to boost productivity. “Technology over the longer term is going to benefit from increased corporate spending,” the firm’s chief global market strategist told CNBC’s “Trading
In recent articles, I have lamented poorly designed components of the Reconciliation Bill, from a poorly-designed “free childcare” program to a family leave plan that’s designed to be “free” rather than funded by the workers who benefit, to a Medicare drug benefit that’s planned to be implemented at the same time as Part A Medicare
Supply chains everywhere have been hit by massive disruptions this year, from container shortages to floods and Covid infections setting off port closures. The energy crises in mainland China and Europe are the latest to roil shipping. Capital Economics noted that the number of ships waiting outside Chinese ports have jumped again in recent weeks,
Traders work the floor of the New York Stock Exchange. NYSE Stock futures edged lower Sunday night after finishing near the flat line Friday after investors shook off concerns about a much weaker-than-expected labor market report released on Friday. Dow Jones Industrial Average futures fell 33 points, or 0.08%. S&P 500 and Nasdaq 100 futures
For decades, adults have increasingly shunned the idea of tying the knot. Although more people are cohabitating, it has not been enough to offset the steady decline in marriage, leaving more people uncoupled overall, according to a recent Pew Research Center analysis of the latest census data. Now, a record number of adults between the
Today’s column addresses questions about how divorced spousal benefits are calculated, how state pensions can affect spousal benefits and whether COLAs apply to widow’s benefits taken years after the record holder’s death. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
In this article LUV A Southwest Airlines Boeing 737 MAX 8 aircraft is pictured in front of United Airlines planes, including Boeing 737 MAX 9 models, at William P. Hobby Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters Southwest Airlines canceled more than 1,000 flights, 27% of its schedule, on Sunday as
In this article GOOGL FB PTON Shannon Stapleton | Reuters Rising oil prices, the prospect of the Federal Reserve dialing back its easy-money policy and tension among lawmakers in Washington are just a few of the factors behind the latest bout of volatility in the markets. Top analysts are sticking by these names amid the
McBride Inlet in Alaska’s Glacier Bay National Park, which ParkSleepFly rated as America’s most underrated national park. Andrew Peacock | Stone | Getty Images Ever since Covid-19 first made social distancing a thing, Americans looking to escape lockdown boredom and work-from-home isolation have sought out open spaces at the country’s 63 national parks — and
Financial planning has struggled to emerge as a true profession. This is in part because some of the most powerful voices in financial services would still rather relegate the practice as a means to the end of product sales rather than advice as an end unto itself. Indeed, with the financial services industry cited as
The good news: The Internal Revenue Service says it’s on track to dig out of the pandemic-related backlog of tax year 2020 returns by year end 2021—just in time for the 2022 tax filing season to kick off. The bad news: Millions of taxpayers are still waiting for refunds and/or struggling to understand IRS notices
In this article SAVE A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Spirit Airlines‘ CEO Ted Christie on Friday told staff to get inoculated against Covid-19 ahead of forthcoming federal vaccine mandates for large companies. President Joe Biden last month said the government
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard‘s increased influence ahead likely means substantial changes and challenges for the nation’s banking system. Considered a
@lelia_milaya via Twenty20 In the last few months, millions of American families with eligible children have received the first half of six advance child tax credit payments. For those who are eligible but haven’t yet signed up, generally because they don’t traditionally file a tax return, time is running out to claim the advance payments.
In late September, Chicago Mayor Lori Lightfoot delivered her 2022 budget address to the City Council. It was filled with a long list of new spending programs, including $400 million for community safety/violence reduction plans, $52 million for increased mental health services, $240 million for subsidized housing programs, $20 million for artists, and the list