Taxes

Getty The House passed the SECURE Act before Memorial Day weekend, with a 417-3 vote, moving the fate of the biggest changes to retirement policy since 2006 to the Senate which plans to take up its version of the bill after the holiday. There’s good news for part-timers, new parents, older workers and employees at
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O’Shares Chairman Kevin O’Leary visits the trading floor after ringing the New York Stock Exchange opening bell. The cast member of television’s “Shark Tank” program was marking the recent launch of the O’Shares FTSE US Quality Dividend ETF. (Photo by AP/Richard Drew) Kevin O’Leary is Chairman of O’Shares Investments, but you probably know him as
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The utility of annuities as investment products is one of the most sharply contested subjects in the financial world. The objective of dispassionate observers should be to help clear the smoke and offer simple guidelines to form smarter opinions about one of the most promising—but also reputedly one of the most damaging, tax-oppressive, costly, and
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Texas vs. California, a series of essays comparing America’s two most populous states Texas Public Policy Foundation One in every five Americans call California or Texas home. Comparisons between the two most-populous states are useful because both states have diverse populations and economies, but vastly different politics. That, in turn, leads to divergent public policies
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Credit: Getty Royalty Free Getty What are the best states for a 529 education savings plan? What problems are there with these plans? These are tax-advantaged programs, sponsored by states, that allow your investments to grow tax-free and be spent without a tax bite for educational expenses.  Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad,
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Getty Getty The Internal Revenue Service audited only 0.59% of individual income tax returns last year, the lowest audit rate since 2002, according to the IRS 2018 Data Book released today. A closer look shows that it’s the highest earners whose audit rate has dropped the most. For the highest income taxpayers—returns showing adjusted gross
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Robert Smith, chairman & CEO of Vista Equity Partners LLC, speaks in Beverly Hills, California, on Wednesday, May 1, 2019. Photographer: Patrick T. Fallon/Bloomberg © 2019 Bloomberg Finance LP Life just got a whole lot better for some recent college graduates. During the 2019 commencement address at Morehouse College, self-made billionaire Robert F. Smith announced that
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The gig economy has exploded in recent years, and it’s changing the way we think about traditional “work.” For instance, many people are choosing to freelance full-time, work part-time while freelancing or even work full-time while pursuing side hustles. While gig economy workers enjoy a lot more freedom than they might in the corporate world,
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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 explores the wisdom of relying on ‘knowledgeable’ friends for Social Security advice, whether a restricted application is possible for a couple, filing for spousal benefits while retirement benefits are suspended
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The daily jousting between UK Prime Minister Theresa May, members of her Parliament, and EU leaders has captivated the news media, with its endless play-by-play action. As growing pressure has mounted on May to resign following her third failed proposal, she is desperately trying to hold a fourth and likely final vote for the first
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UNITED STATES – MARCH 14: Alice Rivlin, former director of the Congressional Budget Office, testifies during a Joint Economic Committee hearing in Dirksen on “solving the federal debt crisis.” (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call,Inc. Alice Rivlin, who died yesterday at age 88, was a policy legend. She also was a kind, generous,
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Stephanie Román, Senior Policy Analyst, Policy and Advocacy UnidosUS In the last two weeks, President Donald Trump, his spokesperson Kayleigh McEnany, and a number of conservative pundits have been bragging about Hispanics having the lowest unemployment rate in decades. Yes, Hispanic unemployment is at its lowest level since it started being reported by the Bureau of Labor
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