Drivers should pay about a dime less per gallon for gasoline over the Fourth of July holiday than last year, even with a major refinery outage and new taxes in about a dozen states. A record 41.4 million people are expected to travel on the nation’s roadways over the long holiday weekend, an increase of
Month: July 2019
Utah added nearly 50,000 jobs last year, spurring a housing boom in the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several
JohnnyGreig | E+ | Getty Images While a gym workout can be a lot of fun, the cliche “no pain, no gain” is also true. The same goes with finances. Savers and investors who want secure financial futures tomorrow often have to face painful financial facts today — and it can fall to financial advisors
A new report from the Federal Reserve paints a bleak picture of America’s retirement savings. Twenty/20 A friend recently texted me that she had spent her entire weekend obsessing over money. “I don’t know what kind of life I want to live, or what I want to save for, or even IF I want to
ASSOCIATED PRESS Increasingly, the old family homestead is not being passed down to the family when the parents die. Older parents are taking advantage of reverse mortgages to pay off credit cards and to escape poverty and debt. This reduces equity in the home and often leads to foreclosure, leaving traditional heirs with nothing but
“What the Nationwide report continues to demonstrate is two opposing forces pushing against each other; cancelling each other out to a degree.” 123rf.com Nationwide’s latest UK house price index report for June 2019 – published today and available to read here – on the surface paints a picture of a market that’s to some degree
IRA – individual retirement account, tax advantages for retirement. Getty IRA distributions that you take before you reach age 59-½ (early distributions) are subject to a 10% additional tax (early distribution penalty), which is in addition to any income tax owed on the amount. For example, if you take an early distribution of $100,000 from
A replica ‘Betsy Ross Flag’ is posted on the side of the Betsy Ross House in Philadelphia, Pennsylvania on August 27, 2016. Raymond Boyd | Getty Images Nike is pulling sneakers featuring an early American flag after former NFL football player Colin Kaepernick told the company it shouldn’t sell a shoe that he and others
Chinese Premier Li Keqiang addresses a press conference on Nov. 28, 2017. Attila Kisbenedek | AFP | Getty Images DALIAN — Chinese Premier Li Keqiang on Tuesday pledged to an assembly of global business leaders and government representatives that Beijing will push to create an equal playing field in the country for all companies. As
The AvalonBay Communities Park Loggia condominium, center, stands at 15 West 61 Street in New York, May 15, 2019. Mark Abramson | Bloomberg | Getty Images Sales of Manhattan properties jumped for the first time in a year and a half, but the good times aren’t likely to last. Real estate sales volume in Manhattan
Stocks may have brushed up against record highs Monday. However, a looming threat is just a couple weeks away once profit reports from the second quarter hit. Analysts have been taking a dimmer view of what is ahead for earnings. They’ve already forecast a decline for the first three quarters of 2019. Now companies are
File photo of an ITT Technical Institute campus in Anaheim, California. Susan Goldman | Bloomberg | Getty Images At a recent financial aid conference, Education Secretary Betsy DeVos said that every school should help its students graduate with high-quality career prospects and minimal debt. Students should be equipped, DeVos added, with information that allows them
By Laurence J. Kotlikoff, Next Avenue Contributor United Income, a financial planning advisory service, just released an important study called, “The Retirement Solution Hiding In Plain Sight.” Using government data and proprietary software, it calculates how much money retirees have lost, and are losing, by making mistakes about when to start claiming Social Security benefits. United
This shows the comparison of a Tankless (gas) verses a Tank water heater. Photo courtesy of Rinnai The average household uses 64 gallons of water each day. According to the U.S. Energy Information Administration, with water heating the second largest household consumer of energy. A good solution being adopted by many homeowners is a tankless
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses how spousal benefits are determined, automatic payments of Medicare premiums after filing, whether to file for and suspend a retirement benefit or file a restricted application for spousal benefits
CNBC’s Jim Cramer said Monday that he would be a buyer of Lululemon shares at current levels. With the stock trading just shy of $180, a “Mad Money” viewer, who bought shares at about $179 before its most recent quarterly report, phoned the host to get his thoughts on the name after some analysts downgraded
Getty Images Check out the companies making headlines in midday trading: Chip stocks— Shares of chipmaker stocks rose broadly after President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods and Trump said China will ease its ban on American companies selling products to Huawei. Skyworks rose 6%,
It’s really hard to put a dollar value on the data that anyone delivers internet platforms. What’s the value of a tweet? A Facebook profile that tells you the birthday your closest relatives? Democratic Sen. Mark Warner and Republican Sen. Josh Hawley want to require big tech companies to report the value of our data,
Gas prices over $4.00 a gallon are displayed at a gas station on May 24, 2019 in Mill Valley, California. Justin Sullivan | Getty Images California’s already-high gas prices jumped up again on July 1, with a new 5.6 cents per gallon gasoline tax hike. The increase brings the average price per gallon in California
If you’re heading down the aisle this year, your tax situation is likely the last thing on your mind. Yet at some point, it’s probably worthwhile evaluating what getting married will mean for your taxes. While many couples will see their taxes drop, some face a “marriage penalty” — paying more than if they had