After paying into Medicare through payroll withholdings at work for many years, some people approach their eligibility age of 65 with a misconception that their coverage will be free. In reality, Medicare comes with a variety of expenses — including premiums, copays and deductibles. High earners pay more for certain premiums, and there’s no out-of-pocket
Month: May 2019
Westend61 | Westend61 | Getty Images National Social Security month just ended, and it concluded with a sober reminder. The program’s trustees came out last week with their latest projections, reaffirming that the primary trust fund is on track to run dry in just 15 years. When depleted, the current “plan” for Social Security is
If you are trying to save money, it helps to have a goal. Whether it is for retirement, starting a business or paying for an education, Americans are putting money aside — but many aren’t saving enough, and some, not at all. In fact, 21% of working Americans aren’t saving anything, according to a recent
Senior beautiful senior woman in casual clothes sending an air kiss Getty Investing maven Peter Lynch perhaps best summed up the “keep it simple” approach (or K.I.S.S.) when he advised everyone to, “Buy a business so simple, even an idiot could run it. Because sooner or later, one will.” To reference another smooch-related quote, do
Picture of cranes, pipes, scaffoldings and other building devices in dowtown Montreal, the main business hub of Quebec, and one of the biggest of canada, surrounded by condos and skyscrapers. Getty By: David J. Herzig and Todd Angkatavanich (National Tax Principal. EY) Chances are you have heard about Opportunity Zones (OZones) by now. They were created by
Norman LewisEbb Tide, 1975oil on canvas47 3/4″ x 80 1/8″signed Michael Rosenfeld Gallery A serene cloud of dazzling bold blue and purple hoovers over a chain of linked circles, the velvety oil on canvas Ebb Tide (1975) is inspired by Norman Lewis’ visit to Greece, where he became enchanted while viewing the ocean and mountains
Cetatea de Balta/Romania – October 04 2015: The Bethlen-Haller castle. The castle dates back to XVI century,. Getty I’m the first to admit that, when it comes to real estate investment trusts, a low-yielding dividend is not very exciting. However, over the years, I’ve found that there can be considerable value in owning shares in
He calls it the Crime of the 21st Century. “It’s open season and there are no signs of abatement,” said Peter Lichtenberg. And though he’s not a financial planner, the Wayne State University psychology professor has made it his mission to help older people hold on to their money in spite of possible cognitive decline
Will Blockchain Make Poverty Obsolete? iStock Why is it that capitalism seems to work so well in Western countries and fails the majority of the world that is living in poverty? According to the economist Hernando de Soto, the answer lies in something that he calls “dead capital” – assets without proof and liquidity. Developing
Beyond Meat isn’t thinking as much about other makers of plant-based meat substitutes — like rival Impossible Foods or Nestle — as it is on taking down the mammoth meat industry. “We really don’t focus on the plant-based meat sector as much as we focus on the meat sector itself. That’s a $1.4 trillion industry
Kevin Plank, CEO, Under Armour Under Armour on Thursday reported quarterly earnings and sales that topped analysts’ expectations. It reported earnings of 5 cents a share for the first quarter on sales of $1.21 billion. Analysts were calling for Under Armour to break even on a per-share basis, with sales of $1.18 billion, according to
Unlike actively managed mutual funds, ETFs track indexes, making them passively managed. Daniel Fung | Getty Images Investors are the real winners as giant asset managers race each-other to lower fees. Last year, investors saved a total $5.5 billion in ETF and mutual fund fees, according to new research from Morningstar. The 6% decline was
In this Tuesday, Aug. 4, 2015 file photo, a nurse places a patient’s medication on an intravenous stand at a hospital in Philadelphia. AP Photo | Matt Rourke Idaho’s wealthiest man just launched a new fund to defend people from “overly aggressive medical debt collectors.” About 1 in 5 Americans with health insurance has some
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Shares of online furniture retailer Wayfair plunged as much as 12% Thursday after the company reported a double-digit gain in first-quarter revenue, but losses widened amid high costs. Wayfair’s revenue rose 39% to $1.94 billion in the first quarter of the year, compared with the $1.92 billion expected
A team of five graduate business students from the University of Vermont traveled to Philadelphia this week to put an impact investing project they have been working on to the test. The trip, which coincided with finals, was a success. The students — Maura Kalil, Emily Klein, Andrew Mallory, Peter Seltzer and Alyssa Stankiewicz —
John Lund/Marc Romanelli | Getty Images Older workers have seen their wages come to a halt. That’s the takeaway from a new report by researchers at the Retirement Equity Lab at the New School for Social Research. Weekly earnings for workers aged 55 to 64 were only 0.8% higher in the first quarter of 2019
It’s no secret that Americans are worried about having enough money set aside for retirement, with the Federal Reserve reporting that less than 40 percent of non-retired adults believe they are “on track” with their retirement savings. At the same time, only about 60 percent of Americans have enough savings to cover a $400 emergency
There’s been a lot of talk lately about converting traditional IRAs to Roth IRAs. This talk arises from the 2017 Tax Cuts and Jobs Act. The new tax law, commonly referred to as “Trump’s Tax Cut,” created historically low tax rates. There’s a quirk in the 2017 Tax Act that shouldn’t be overlooked. Those historically
Ambergris Cay is a three-mile-long, one mile-wide private island owned by the Turks & Caicos Collection, an experienced owner/operator of three beachfront resorts on the nearby island of Providenciales. Courtesy of Turks & Caicos Collection Ever dreamed of escaping to a privately-owned island in the Caribbean? Incredibly, there’s a widely unknown, hidden gem in the
The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California. Justin Sullivan | Getty Images Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. The German firm posted operating profit of 3.9 billion euros ($4.4 billion) for the