Grace Cary Washington has issued stimulus checks to about 127 million households over the past two weeks. Some payments went to those who didn’t need the money. But that’s not necessarily bad — the answer largely depends on one’s view of check targeting and how easily that can be achieved. The concept of trying to
Month: March 2021
When you’re age 70½ or older, the best way to make charitable contributions usually is through qualified charitable distributions (QCD) from a traditional IRA. A QCD can satisfy your required minimum distribution (RMD) for the year and reduce your income taxes. The QCD was a temporary innovation in 2006 but was made a regular part
With a little over nine months left in his second (and last) term, New York Mayor Bill DeBlasio has appointed a Racial Justice Commission “tasked with targeting and dismantling structural and institutional racism across the City.” How much can New York—or any city on its own—do about this deeply embedded problem? There’s no question that cities and the
Piquet Realty Founder and President. Skydiver, Ironman Triathlete, JiuJitsu Fighter and Race Car Driver on the weekends. The frigid temperatures in the Northeast are no longer the only driving factor in why entrepreneurs, businesses and snowbirds are eyeing South Florida as a private paradise. Partial lockdowns and restrictions across the U.S. have inspired many to turn
In this article RH RH CEO Gary Friedman told CNBC on Thursday he was confident in the company’s expansion vision, even if some may question the luxury furniture retailer’s moves into the European market or new industries altogether. “It takes a long time to build something extraordinary in this world, and we still feel like we’re
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
Bill Gates believes that future generations will need to be open-minded when it comes to accepting new technologies aimed at combating climate change. “We want to be open to ideas that seem wild,” Gates said on Friday in his most recent Ask Me Anything session on Reddit. The billionaire Microsoft co-founder’s ninth Reddit question-and-answer session
An RS1 rocket booster undergoes acceptance testing. ABL Space Rocket builder ABL Space closed a $170 million round of funding, the company announced on Thursday, making it the latest private space venture to reach the unicorn valuation mark. ABL raised the funds from T. Rowe Price and Fidelity Management, as well as a third unnamed
John Smith | Corbis News | Getty Images The latest round of $1,400 stimulus checks is making its way to eligible Americans. Now, those people have an important decision to make — what are they going to do with the extra money? For some, the cash will be used to bet on the market in
For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has taken on residents. Not on those who have sickened or died from the virus, but on those whose quality of life has been severely harmed by the social isolation it caused. Now, we are
Today’s column addresses questions about how stopping work years before claiming benefits can affect benefit rates, when exactly to submit an application to begin benefits the mont you turn 70 and potential effects of marriage on existing benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Here’s why Millennial homebuyers are braving today’s real estate market. Realtor.com’s recent survey with Harris X looks at the reasons Millennial homebuyers are chasing the American dream. Many have been in the market a year encountering multiple offers and bidding wars as roadblocks to homeownership. According to the survey one-third of first-time homebuyers haven’t been able
An Exxon Mobil gas station in Chicago. Getty Images The oil and gas industry’s largest trade group on Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after the group long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares to unveil a sweeping
Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and its other chains more than expected. The company is forecasting that its fiscal fourth-quarter results
An excavator attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 25, 2021. Suez Canal Authority | Reuters The massive container ship Ever Given has been stuck in the Suez Canal for three days, halting billions of dollars in trade
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
President Joe Biden visits W.S. Jenks & Son, a Washington, D.C., hardware store that benefited from a Paycheck Protection Program loan, on March 9, 2021. Mandel Ngan | AFP | Getty Images The Senate on Thursday voted to extend the Small Business Administration’s Paycheck Protection Program just a week before it was slated to expire.
Having a way to save for retirement should not depend on where you live and whom you work for, yet 46% of private sector workers — 57.3 million people — lack access to this critical tool for accumulating savings and generating income when they retire. Recent research by the Georgetown University Center for Retirement Initiatives
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