Senator and presidential candidate Elizabeth Warren Barry Chin | Boston Globe | Getty Images Sen. Elizabeth Warren (D-Mass.) reintroduced a bill that would allow married same-sex couples to file joint amended federal tax returns and collect refunds for as long as they have been married. In a key 2013 case, U.S. v. Windsor, the U.S.
Month: June 2019
Earlier this week, in a dark basement theater deep in New York’s Soho neighborhood, I debated Social Security in an Oxford-style debate sponsored by the libertarian Reason magazine. I was there to argue the affirmative in the following prompt: “Resolved: Given Social Security’s nearly $3 trillion trust fund, the system cannot add to the federal deficit.”
The mixed-use River Landing development in Miami is emblematic of the growth of the new Florida. UrbanX Group “Florida is America’s Australia,” goes the set-up line for a well-worn Florida joke. But the laughs are increasing at the expense of anyone short-changing Florida and the steadily growing economic might the Sunshine State is delivering to
A health savings account (HSA) is an ideal way to set aside money for future health expenses because any money you don’t use this year can be used in future years. If your HSA administrator allows, that money can be invested so it can compound and grow like the money you would put into an
Young shoppers browse makeup products at an Estee Lauder MAC Cosmetics store. Kiyoshi Ota | Bloomberg | Getty Images Google-owned YouTube announced on Tuesday that it will begin using augmented reality to allow viewers to try on makeup as they’re watching videos. With AR Beauty Try-On, a viewer can see how a shade of lipstick
The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Carnival cut its profit forecast for the year on Thursday due to the Trump administration’s sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships. Shares
Source: Current The founder of online bank Current claims Facebook copied his company’s logo for the social network’s bid to reinvent the global financial system. Stuart Sopp, a Wall Street trader turned start-up CEO, told CNBC that he used a San Francisco-based design firm named Character to create his start-up’s logo in 2016. That firm
A Home Depot employee is seen outside a store in Los Angeles, California. Lucy Nicholson | Reuters The collapse in bond yields has helped lift the stock market to a record high this week. History shows, there are certain stocks that could be the biggest winners from declining rates. On Wednesday, Federal Reserve Chair Jerome
tommasolizzul | iStock | Getty Images The number of Americans prepared to meet their basic expenses in retirement has drastically declined in the last 20 years, according to research published by Boston College. This study confirms, at least to some degree, that it’s not only the millennial generation that has difficulty knowing when to cut
mapodile | E+ | Getty Images Gig economy workers could get short changed when it comes to their Social Security checks in retirement. The growing ranks of people who earn money on apps like Uber, Airbnb and Task Rabbit are more likely than traditional employees to misreport their income. That could mean a smaller Social
Older adult driver Getty Most of the talk about the sharing economy revolves around millennials, those 20- and 30-somethings who are now regentrifying and populating many of our urban areas. Indeed, millenials are, and have always been, at the heart of the sharing scene, ready to embrace the latest concept for staying connected and getting
The museum looked like a colossal golden jelly bean. The adjacent library was designed to look, literally, like a row of books on a shelf. Across the street was an opera house that appeared to have been modeled off of some kind of ancient Silk Road fortress. These magnificent buildings were all aligned along a
Getty The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance largely puts an end to the benefits of those workarounds aimed at mitigating the consequences of SALT caps following the Tax Cuts and Jobs Act (TJCA). Under the TCJA,
All of us are looking to make a good impression when it comes to advancing our careers, and thanks to the digital age, there are all sorts of techniques to embrace if you’re looking to stand out from the crowd. Yet, one of the fundamental attributes you should have at your disposal is knowing how
The meeting between U.S. President Donald Trump and China President Xi Jinping at next week’s G-20 summit could sway the Federal Reserve at its next meeting, said the chief economist and head of research for Asia Pacific at ING, Rob Carnell. The U.S. central bank held interest rates steady on Wednesday and indicated that no
Federal Reserve Board Chairman Jerome Powell speaks during a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Saul Loeb | AFP | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called Libra that the
If you go to work every day just going through the motions, you aren’t alone. According to Gallup, only 33% of employees are engaged at work. So, how can nearly 70% of the workforce be disengaged? I believe it’s because there is a tremendous lack of recognition in the world today, or what I call
Our Contrarian Income Report mailbag served up an important question from a reader this week. What are the perfect retirement dividends to buy and hold forever? Our subscriber is retired and manages investments for him and his wife. He asked me how to build a portfolio that will give her reliable income, with little maintenance,
Refinance to pay off your mortgage faster (c) canstockphoto.com / AndreyPopov The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of indebtedness. The third option is seldom used. Indeed, borrowers who refinance into a new mortgage that has the
What To Do While We Wait To See If The Stretch Provisions Are Gone! Getty Getty A great many conscientious tax lawyers and other professionals have spent countless hours learning how to allow IRA and pension accounts that are payable to trusts for children or other non-spouse beneficiaries to remain under the IRA or pension
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