What’s on the agenda for retirement legislation in 2022? Let’s start with retirement initiatives that are waiting in the wings: The “SECURE Act 2.0” is a set of enhancements to 401(k)s and other retirement savings programs which has been in the works, well, pretty much ever since the original SECURE Act passed. Its House version
It’s a Wonderful Life is a great movie but what the heck is a ‘Building and Loan’? At the beginning of the movie, during the 1920s, Building & Loans were huge. But by the end of the movie, right after World War 2, in real life, most Building & Loans had already gone out of
In this article F The “2021” numerals were towed into Times Square last December by the Kia Sorento SUV after a cross-country road-trip that started at the automaker’s U.S. headquarters in Irvine, California, and covered more than 5,500 miles with stops in 15 states. Kia DETROIT – The automotive industry may never be the same
My previous blog documented California’s 2020 population loss, the first time that’s happened since the state was founded. Billionaire Elon Musk has moved to Texas, but the biggest worry for the state is the loss of lower and middle-income residents, likely driven by California’s high housing costs. The state must fix its housing affordability problem for a more
In this article CFX PTON PFE AMD XOM XLNX Check out the companies making headlines before the bell: Exxon Mobil (XOM) – The energy giant signaled that it will report a fourth consecutive quarterly profit, thanks in large part to stronger oil and gas prices. The snapshot of fourth quarter results came in an SEC
Times Square, New York Jason Dean | Moment | Getty Images From the Big Apple to the Bay Area, cities and towns across the country are expecting celebratory crowds come Friday as a pandemic-weary population looks to bid 2021 good riddance. Amid the latest, delta and omicron waves of Covid-19 infections, you might think more
Gaviota Azul beach in Cancun, Mexico. Getty Images Just as countries have started to lift pandemic travel bans and Americans begin to at least think about booking vacations abroad, the spread of the delta and omicron variants of Covid-19 has thrown the tourism industry’s fortunes to the wind again. That said, hope springs eternal and
The Pew Research Center recently reported that half of U.S. adults 55 and older are retired. While the number of retired Americans age 55 and older grew by about 1 million per year between 2008 and 2019, over the past two years, the number of new retirees grew by 3.5 million. The rise in household
The new year traditionally brings with it resolutions: we make intentions to lose weight, drink less, exercise more, be kinder or more patient or just generally be better people. What if you were to make some resolutions for your house? Here are five ways to approach your home with increased respect and sensitivity. Houses, like
A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property
Tax increases probably are coming. Even if Congress doesn’t agree on substantial increases this year, they’re likely to come. The 2017 tax law is scheduled to expire after 2025. The pre-2018 tax law will be re-instated automatically unless Congress agrees to something else. Plus, the trillions of dollars added to the national debt the last
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly | Reuters Stock futures were flat on Thursday night ahead of the final trading day of 2021. Futures tied to the Dow Jones Industrial Average dipped 0.03%, while S&P 500
Bill Gates may not love New Year’s resolutions, but he’s still setting large goals for 2022 and beyond. At the top of his list: avoiding future pandemics. In his end-of-year blog post earlier this month, the billionaire Microsoft co-founder and healthcare philanthropist wrote that among the world’s biggest problems, the next Covid-level health scare is
Marko Geber If you couldn’t max out your individual retirement account in 2021, don’t despair. There’s still time to make a contribution to traditional and Roth IRAs. The deadline for putting money into IRAs for this year is April 15, 2022, giving savers an additional four months to contribute. For 2021, the maximum contribution to
Several positive economic developments characterized 2021. The economy is on the mend from its steep decline and massive job losses at the beginning of the pandemic. But, a lot of work remains to be done to maintain economic momentum and build a truly inclusive economy. There are already signs of hope for a stronger, more
The first Standard Hotel opened its doors in 1999, and ever since, has since disrupted the boutique hospitality industry with its ultra-cool brand of design, community and culture. Today, it has locations throughout the US, the UK, Maldives, Thailand—and will be opening its first residences in Miami, in partnership with Rosso Development. The Standard Residences
In this article NCLH RCL CCL The Royal Caribbean Anthem of the Seas cruise ship is prepared for its next voyage as it is docked on December 24, 2021, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images The U.S. Centers for Disease Control and Prevention on Thursday advised people against going
Nestled in President Biden’s recently enacted Infrastructure Investment and Jobs Act is a bipartisan feat that deserves more attention: the resurrection of Superfund excise taxes on dozens of chemicals and hazardous substances. The original Superfund taxes — used to fund hazardous waste site cleanups, including landfills and abandoned factories — expired in 1995. Since then,
A recruiter hands out information to a job seeker during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Initial claims for unemployment benefits ended 2021 near pre-pandemic levels, after an improving labor market led claims to fall roughly fourfold over the course of the year. However, a
Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Some of these individuals, like Bill Gates and Jeff Bezos, have been worth $100 billion for some time: Gates first reached the mark in 1999, while Bezos did it in 2017. But