Getty Required minimum distributions (RMDs) are the bane of many IRA owners. The IRS recently issued proposed regulations that reduce the pain somewhat, but not a meaningful amount for those with significant IRAs. You need to consider other actions to solve the RMD problems. IRA owners older than age 70½ must begin taking RMDs no
Month: November 2019
There are both advantages and disadvantages that are inherent in listing a home for sale in the winter. However, one factor remains constant: Presenting a home in its best light will result in a quicker sale and a higher selling price. Reduced inventory on the market in the winter months provides a golden opportunity to
In the early 1980s, a three-man team spent two years preparing to walk the length of the Great Wall of China. The team focused on the portion that was built during the Ming Dynasty — the well-preserved part depicted in photographs and travel brochures. The 5,500 mile journey took the trio 508 days. If the
A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce
Uber CEO Dara Khosrowshahi arrives at the New York Stock Exchange as his company makes its initial public offering, Friday, May 10, 2019. Richard Drew | AP Uber’s stock is trading well below the price it debuted at earlier this year but Barclays made the case for how the ridesharing company will soon turn its
You think you’re going to earn a lot investing a lump sum? You’re thinking wrong. Future value Getty I’ll grab the money now and invest it, you tell yourself. Get Social Security early, or take the lump-sum buyout of a corporate pension. I can put the cash in the stock market and earn way more
Share to facebook Share to twitter Share to linkedin The Hermitage Hotel in downtown Nashville, Tennessee (Photo By Raymond Boyd/Getty Images) Getty Images The Hermitage Hotel was named the “Best City Center Historic Hotel” by the Historic Hotels of America at the 2019 Awards of Excellence. Historic Hotels of America is the official program of
A general view shows people walking across the flooded St. Mark’s Square, by St. Mark’s Basilica on November 15, 2019 in Venice, two days after the city suffered its highest tide in 50 years. Filippo Monteforte | AFP | Getty Images For Venetians, water is a way of life. It surrounds the city, ebbing and
John Legere, chief executive officer of T-Mobile US Inc. Chris Goodney | Bloomberg | Getty Images T-Mobile Chief Executive Officer John Legere isn’t taking the WeWork CEO job, according to people familiar with the matter. Legere, who became CEO of T-Mobile in 2012, has no plans to leave the company, said the people, who asked
FatCamera | E+ | Getty Images There’s still time to shave a few bucks off your 2019 tax bill — if you act quickly. The 2018 tax season came with harsh lessons for some taxpayers who didn’t properly adjust their plans for the Tax Cuts and Jobs Act. This overhaul of the tax code roughly
Google employees at the tech giant’s headquarters in Mountain View, California, walk off the job to protest the company’s handling of sexual misconduct claims. Mason Trinca | Getty Images News | Getty Images When it comes to investing, the notion that you can make money in the market and feel good about your investments at
Carrie Schwab-Pomerantz is the president of Charles Schwab Foundation and a certified financial planner. Courtesy of Carrie Schwab-Pomerantz Carrie Schwab-Pomerantz has a simple message for parents and schools: Teach your kids about money. The certified financial planner — who also is board chair and president of the Charles Schwab Foundation — is on a mission
null Getty On Saturday, I recounted the ways in which the Chicago Teachers’ Pension Fund was set up for failure, with most teachers never seeing any of the money they paid in but the lucky few hitting the jackpot with comfortable benefit payouts at young ages, and, for those in the early years of the
With his new album, Jesus Is King, Kanye West has turned more and more religious. He may have been toying with bankruptcy a few years ago, but today, his fashion and music empires seem to be raking in the cash. True, Kanye isn’t on the Forbes billionaires list just yet, but perhaps a name change
Innovation has become somewhat of a buzzword that gets tossed around by many professionals and organizations to describe their business and what sets them apart from others. While many project management pros I work with tout their innovative capabilities, I see many of them struggle to make strides because they are often afraid to take
Campaigners gather at London’s V&A Museum on Saturday Nov. 16, 2019, to protest against its display of the Sackler name. CNBC’s Chloe Taylor Campaigners gathered at London’s famous Victoria and Albert (V&A) Museum Saturday to protest against its display of the Sackler name. Some members of the billionaire Sackler family are known for founding and
Robert Iger, Chief Executive Officer of Disney, poses in “Star Wars: Galaxy’s Edge” during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019. Mario Anzuoni | Reuters Disney+ is here, ushering in the unofficial kickoff to “The Streaming Wars” — the slew of monthly subscription services that are flooding the market
Steve Mollenkopf, CEO of Qualcomm. Adam Jeffery | CNBC Here are the biggest calls on Wall Street on Friday: Mizuho upgraded Qualcomm to ‘buy’ from ‘neutral’ Mizuho said the semiconductor and telecommunications equipment company was positioned well on 5G going in to 2020 and beyond. “We have been positive on QCOM‘s 5G outlook in 2020
You saved up all your life for retirement, squirreling money into individual retirement accounts or 401(K)s and the like. And that reduced your taxes because the retirement contributions were deducted from your income. But once retired, you can’t just sit on this tax-sheltered money. By law, at 70½, you must take some of it out, based
Share to facebook Share to twitter Share to linkedin Former Vice President Joe Biden. Photo by Scott Olson/Getty Images Topline: If elected president, Joe Biden wants to spend $1.3 trillion on an infrastructure package that includes a transportation overhaul and rebuilding the country’s roads, bridges and tunnels while moving to net-zero carbon emissions, and plans
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