If you think Medicare is free, guess again. Depending on your specific coverage and your use of the health-care system, the amount you pay out-of-pocket could climb well into six-figure territory over the course of your retirement, according to a report from the Employee Benefit Research Institute. “Some are surprised that, after working for decades
Month: June 2020
Demonstrators march past the Lincoln Memorial during a protest against police brutality and racism takes place on June 6, 2020 in Washington, DC. Drew Angerer Companies have expressed support for the Black Lives Matter movement in recent weeks. But many advocates say now is the time for action — in the form of pay equity
TOPLINE The stock market opened sharply lower on Thursday after the Federal Reserve warned of a long economic recovery from the coronavirus recession, and as investors begin to worry about a second wave of new cases as states reopen. Stocks fell by more than 3% at the open. Michael Nagle/Xinhua News Agency/Getty Images KEY FACTS
Closeup of weightlifter clapping hands before barbell workout at the gym Getty In the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Jasper Smith, executive editor for commentary for Tax Notes, discuss Ben’s journey from the foster care system in Providence, Rhode Island to one of the tax industry’s must-watch thought
As the world grapples with how to make travel safe in the age of coronavirus, private equity billionaire Wes Edens is betting $9 billion that America’s transportation future is passenger rail. Shouting over the noise of diners at a Mexican restaurant on the floor of a casino, buyout billionaire Wes Edens has come to Las
Germany’s economically-essential car manufacturing industry is emerging from a scathing period of lockdown, production halts and a slump in sales. The sector supports tens of thousands of jobs in Germany and exports are vital to the whole country’s economy; but demand has fallen and the industry faces big challenges in the transition to greener technology,
Chinese tourists with facial masks stand in front of the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors
Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market. The city maintained its costly crown for the third year running while Ashgabat, Turkmenistan jumped five spots to steal second place, in part
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis. “The Fed has cut interest rates as low as they are going to go without going into negative rates,” said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures,
LeoPatrizi The Paycheck Protection Program may have been an exercise in frustration for small-business owners, but here’s the silver lining: They might be better equipped to weather the next crisis. The federal government rolled out the so-called PPP in April as coronavirus and the ensuing stay-at-home orders took their toll on small businesses. The forgivable
Smartphone use is a skill that can be learned by anyone of any age Getty At the beginning of this month, much of the country opened access to greater commerce and socialization. However, the great opening up will not include everyone. Most of the seniors (age 60+) I’ve talked to have no intention of going to
Getty On March 20, 2020, Treasury Secretary Mnuchin extended the tax filing and payment deadline for federal income tax to July 15, 2020. This relief includes estimated payments for the first and second quarters. You can find more information and guidance here. Some states have also extended filing and payment deadlines – but not all of
We must all, managing agents and brokers alike, refuse to sanction prejudice, even if ignoring it … [+] seems easier, even if, this time, it doesn’t touch us directly. Getty “I just cannot bear the thought of having one of them over me” These (paraphrased) words from a Southern woman after the election of Barack
Confederate flags are seen flying over the infield campground prior to the NASCAR Sprint Cup Series Bojangles’ Southern 500 at Darlington Raceway on September 6, 2015 in Darlington, South Carolina. Jerry Markland | Getty Images NASCAR said Wednesday that it is is banning the display of the Confederate flag at all events and properties of
The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. “We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates,” Fed Chairman Jerome Powell said. “What we’re thinking about is providing support for the economy. We think this
Tony Fadell, Inventor of the iPod and former CEO of Nest attends a conference during Viva Technology at Parc des Expositions Porte de Versailles on June 16, 2017 in Paris, France. (Getty | Christophe Morin) Before becoming known as the “father of the iPod,” Tony Fadell said he was rejected by 80 venture capital investors
Residents of Fayetteville, Arkansas, wait in line to file for unemployment on April 6, 2020. Nick Oxford | Reuters The coronavirus pandemic prompted Congress to rush out emergency legislation to help Americans facing new financial challenges. But there’s a growing group of citizens opposed to one aspect of the federal aid effort — and some
Slowly but surely, small businesses are rehiring workers as plans to reopen from the coronavirus lockdown progress across the country. Employee headcount increased by 3.2% in May, although it remains below pre-pandemic levels overall, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. In addition,
A Yellow Vest protester in Toulouse, France, on May 16th 2020 during lockdown. NurPhoto via Getty Images As France takes its first political steps out of lockdown, President Macron is restarting his battle over pension reform, one that led to some of the biggest strikes in decades in December 2019 and months of ‘yellow vest’
TOPLINE The Federal Reserve left rates unchanged on Wednesday and indicated that they’ll likely remain near zero until at least 2022 as the economy tries to recover from the coronavirus recession. The central bank expects the economy to shrink by 6.5% this year. Jacquelyn Martin/ASSOCIATED PRESS KEY FACTS The Fed painted a grim view of
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