Tax return forms and wage statements with a note saying Taxes Due. Getty You have probably seen the recent headlines saying that US income inequality has reached a 50-year high. They are based on the Census Bureau’s latest report on Income and Poverty in the United States, published last month. The Census Bureau’s data, however,
Month: October 2019
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a Town Hall at Keene State College on September 25, 2019 in Keene, New Hampshire. Scott Eisen | Getty Images Presidential candidate Sen. Elizabeth Warren introduced on Wednesday an environmental justice plan to defend low-income and minority communities against pollution, contamination and extreme weather events that
Stephen Moore Andrew Harrer | Bloomberg | Getty Images President Donald Trump is an “exaggerator” who knew his policies wouldn’t generate the 5% growth he had promised while campaigning, according to Stephen Moore, who served as a campaign advisor for Trump and was a prospective Fed nominee. In an interview with The Intercept columnist Mehdi
A trader works on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images It might be time to buy into small-cap stocks even though they are lagging their large-cap counterparts, some strategists say. The Russell 2000 — which tracks small-cap stocks — has dropped more
Hero Images | Hero Images | Getty Images If you’re still working well into your 60s, odds are you’re doing so to bolster your finances. More than 6 out of 10 people polled by Provision Living said that they’re working into retirement purely for financial reasons. The company, a provider of senior living communities, surveyed
Earlier this year, Rockets of Awesome landed a $12.5 million investment from Foot Locker to help it grow. Source: Rockets of Awesome Rachel Blumenthal is no stranger to starting a business. When the 39-year-old launched Rockets of Awesome, an online kids clothing subscription service and e-commerce site, back in 2016, she was already a seasoned
Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business while transitioning ownership to the younger generation. Recently, I worked with a couple who owned a small family business. They were considering
St. Bart’s is one of the top destinations for affluent second home buyers null Getty According to the latest research from Luxury Portfolio International, the luxury marketing division for Leading Real Estate Companies of the World® affluent under-forty buyers are fueling the luxury second home resort market creating a bright spot for sellers. The recently
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 when spousal benefits can be available, remarriage and continued benefits, filing a restricted application for spousal benefits only, filing and suspending and whether a particular public pension will reduce
NBA Commissioner Adam Silver speaks to the media after the Board of Governors meetings on July 12, 2016 at the Encore Hotel in Las Vegas, Nevada. David Dow | NBAE | Getty Images Chinese state media has slammed NBA head Adam Silver’s latest remarks, accusing him of supporting “indiscriminate violence” by Hong Kong protesters chasing
XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million increase from last year. Zhang
Source: Robinhood Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher than the national average for savings accounts, according to Bankrate.com. In December, Robinhood
Hero Images | Getty Images If you’re looking to get engaged, take heart: You might not have to shell out a lot for that bling. That’s according to a recent survey from TD Ameritrade, which found that the traditional rule that an engagement ring should cost three months’ salary could be going by the wayside.
A 2018 Forbes article reported that the cost of college education is increasing almost eight times faster than wages in the United States. As these numbers continue to rise, it’s not surprising that many people are looking for assistance to defray education-related expenses. If you have adult children, partially funding your grandchildren’s education can be
The kids are back in school and work is ramping up. That must mean that it’s time for your next seasonal cold to kick in, making you both miserable and less productive. According to the Centers for Disease Control and Prevention, “common colds are the main reason that children miss school and adults miss work.
It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit exposure, and so should you. Watch the calendar until you are clear of audit. In most cases, that will be either three years
Siu Rui Quek had always been entrepreneurial. As a teen, he would fuel his passion for technology and earn extra cash buying and selling gadgets online. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. That lesson?
A damaged pipeline is seen at Saudi Aramco oil facility in Khurais, Saudi Arabia, September 20, 2019. Hamad Mohammed | Reuters Saudi Aramco, the world’s biggest oil producer, is expected to file its IPO prospectus by the end of the month, people familiar with the matter told the Wall Street Journal. The prospectus will reportedly
Getty Images Investors, business owners and consumers should be heeding the message that the inverted yield curve is sending, according to the researcher who pioneered the economic forecasting model. Duke University professor Campbell Harvey said people shouldn’t wait for the economic downturn he anticipates before taking preventive measures. “This is the time where you need
President Donald Trump announced that the U.S. has issued new sanctions on Iran’s central bank at the “highest level” while speaking in the Oval Office on September 20, 2019 in Washington, DC. Win McNamee | Getty Images President Donald Trump’s personal and corporate tax returns could give the public an inside look at his finances
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