Economic Security Planning, Inc. Today’s column addresses questions about whether spousal benefits will be available after early retirement benefits and how they would be calculated, why benefits can increase after an ex spouse passes away and a question about the WEP being repealed. Larry Kotlikoff is a Professor of Economics at Boston University and the
Month: November 2020
Zell in 2019. Getty Images Sam Zell is one of the legendary investors of his generation, known for his love of dealmaking, gold chains, and telling it like it is. The title of his 2017 autobiography borrows his favorite phrase: “Am I Being Too Subtle?” Real estate has long been Zell’s dominion, and he scored
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that depended on the factory, drawing
Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images Walmart is set to report third-quarter earnings before the bell on Tuesday. The big-box retailer’s performance will offer a preview of how holiday shopping is shaping up during the coronavirus pandemic. Like other retailers, Walmart has kicked
U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities. Dow futures fell 16 points. Futures for the S&P 500 and Nasdaq-100 lost 0.04% and 0.03%, respectively. On Tuesday, the Dow Jones Industrial Average fell more than 167 points, dragged down by Walgreens, Home Depot and
When it comes to banking, fees generally trend in one direction: up. It’s no surprise, then, that a recent survey from Bankrate.com found that a number of banking-related charges have hit record highs this year. Holders of interest-paying checking accounts are paying a higher monthly service fee than ever – $15.50 on average – if
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in
Nitat Termmee | Moment | Getty Images The good news is that surging markets have boosted investor portfolios this year. Now for the bad news: Some of those people will be owing the taxman. That’s because mutual funds distribute capital gains to their shareholders near the end of the year. At this point, fund providers
Images By Tang Ming Tung If you still haven’t received your $1,200 stimulus check, you may be in luck. There’s one last deadline to submit your information to the government in order to get your payment this year. But you have to act before 3 p.m. this Saturday, Nov. 21. If you miss that cutoff,
Klaus Fedfelt | Getty Images The coronavirus has pushed thousands of businesses to the edge, but there may be a ray of hope for cash-strapped firms. Businesses laid low by the pandemic and community lockdowns need money now, and one of the best ways to get it is by taking advantage of very favorable rule
Medicare Announces Costs for 2021. Getty Working with your advisor to update your financial plan for next year? Maybe, sitting down to do your budget? Here are Medicare’s 2021 costs. Prepare to spend more. Costs that apply to any Medicare beneficiary There are some costs that everyone who has Medicare for healthcare coverage must pay.
WILMINGTON, DELAWARE – NOVEMBER 16: President-elect Joe Biden delivers remarks about the U.S. … [+] economy. (Photo by Joe Raedle/Getty Images) Getty Images An amazing thing happened in this year’s presidential election. A major party candidate proposed raising Social Security payroll taxes. And won. More than that, it was never even an issue. What ever happened
Are you tired of renting? Are you considering purchasing your first home? Do you dream of owning a house that can provide both you and your family a sense of stability and community? For many Americans, home ownership is an important part of the American dream. Being a homeowner means having a space to call
A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s on Tuesday reported a 13.3% decline in quarterly net sales, as the coronavirus pandemic limited the number of people visiting its stores to buy clothes, shoes and beauty items.
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot on Tuesday reported third-quarter earnings that beat estimates with sales surging more than 24% compared with a year ago as
The fallout from the coronavirus pandemic on Europe’s financial institutions will become more apparent in the coming months, according to a senior European banking official, and there could be one or two casualties in the sector. Elke König, chair of the Single Resolution Board of the Single Resolution Mechanism, which oversees the restructuring of failing
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Money is pouring into stocks through exchange-traded funds. You can thank the potential vaccines. Money is pouring in because U.S. investors who have been reluctant to put money
Phynart Studio | E+ | Getty Images It’s the season of giving — in the era of Covid-19. For parents who want to teach their children how to be charitable, there may be some roadblocks to traditional forms of volunteering, such as serving food at a soup kitchen, during this pandemic. “It’s been a tough
getty Out-of-control medical expenses are one of the greatest fears of retirees and pre-retirees. Many people are concerned that high medical expenses could deplete their nest eggs . But most people can put a lid on how much they spend out of pocket on retirement medical expenses, and there are a couple of tools that
The drumbeat is starting: Stay-at-home workers should be hit with new taxes. This episode of What’s Ahead exposes the rationales and plots of greedy politicians to pick the pockets of these people, whose ranks have expanded enormously because of the pandemic. Governments worry that less use of commercial office space will hurt revenues in a
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