Month: December 2022

In early October of this year—a month before Sam Bankman-Fried’s crypto empire FTX began to unravel—I warned Forbes readers “If you are a participant in a state or local government-sponsored pension fund, then a portion of your hard-earned retirement savings is likely invested in cryptocurrency or a cryptocurrency-adjacent enterprise.” I cited a 2022 study published
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Signing on to represent an expired listing or a property that failed to sell before the listing’s expiration date is not something every real estate agent eagerly undertakes. After all, an expired listing may signal a problematic property, difficult sellers or an unpredictable market. However, for top Beverly Hills agent Paul Salazar, rebranding expired or
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Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of
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If there’s anything the pandemic showed Americans, it’s that their lives need not be as rooted as once was the case. According to some reports, contract signings for part-time residences have risen 70% since pre-pandemic days. For many people, a more flexible lifestyle means choosing pieds-a-terre that enable departures from their usual abodes. For instance,
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Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland. Alex Wong | Getty Images Check out the companies making headlines in midday trading. Southwest — Shares dropped 6% after the company canceled 70% of its scheduled flights and warned that mass disruptions would continue “for the next
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Congress has passed legislation benefitting savers who have Individual Retirement Accounts (IRAs) and other qualified retirement plans. This legislation improves some of the goodies contained in the original SECURE Act passed at the end of 2019. The original SECURE Act changed the “required beginning date”, the age at which required minimum distributions (RMDs) from IRAs
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Billionaire Charlie Munger thinks we should all be a lot happier. Munger, the longtime investment partner and friend of fellow billionaire Warren Buffett, says he doesn’t understand why people today aren’t more content with what they have, especially compared to harder times throughout history. “People are less happy about the state of affairs than they
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