This year and perhaps next could turn out to be the best time to convert a traditional IRA to a Roth IRA. Income tax rates are likely to increase in the coming years. This year’s tax rates could be the lowest for the rest of our lifetimes. Lifetime income taxes could be substantially lower if
Month: May 2021
Retired basketball star and television personality Dwyane Wade and his wife, actress Gabrielle Union-Wade, have sold their home in the Sherman Oaks neighborhood of Los Angeles for $5.5 million. While it may pale in comparison to the mega-closings of Beverly Hills and Malibu, the transaction ranks as the second-highest sale recorded this year in the
Family members of Vijay Raju, who died due to Covid, mourn before his cremation in Giddenahalli village on the outskirts of Bengaluru, India, May 13, 2021. Samuel Rajkumar | Reuters As India’s devastating second wave of coronavirus outbreak overwhelmed the health-care system, desperate users turned to social media to seek help from the public as
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the central bank could provide a
“The Sakura,” a 15.8-carat purple-pink diamond set on a platinum and gold ring, sold for $29.3 million. Christie’s Hong Kong A purple-pink diamond has set a new record as the largest ever to be auctioned, selling for $29.3 million in Hong Kong. “The Sakura,” the Japanese word for cherry blossom, is a 15.8-carat purple-pink diamond
A trader works the floor of the New York Stock Exchange (NYSE) in New York. Yana Paskova | Bloomberg | Getty Images Payments company Square rose more than 5% in afternoon trading Monday after Bloomberg News reported the payments company could offer savings and checking accounts in the near future. The report said a code
Getty Images Missed out on a federal stimulus check since the pandemic began? Filing a tax return is the best way to get it. Even though Tax Day has come and gone, it may not too late to claim any missing money. In March, Congress approved new $1,400 stimulus checks through the American Rescue Plan
If you thought investing in your 401(k) plan was hard, just wait until the time comes when you have to start taking money out of your retirement plan. Are you ready for this? “In pre-retirement planning, the investor needs to decide three things: how much to invest, asset location and asset allocation,” says James DiLellio,
by Tax Notes State Commentary Editor Doug Sheppard In one of the most famous scenes from The Blues Brothers, Sister Mary Stigmata doles out rapid-fire corporal punishment with a ruler on Jake and Elwood Blues, then breaks it on Elwood’s head before Jake crashes down an adjacent flight of stairs in the ensuing chaos. “Get out! And don’t come back until you’ve redeemed yourselves,”
In this week’s look at the world’s finest homes, I took a look at what’s for sale for about $4.4 million in three markets that rank among the most desirable pockets in the world: Hawaii, Hong Kong and Southern California. Whether you’re in the market for a second home, an income property or a trophy
A woman receives a shot of Johnson & Johnson Covid-19 vaccine at a pop-up vaccination center at the beach, in South Beach, Florida, on May 9, 2021. Eva Marie Uzcategui | AFP | Getty Images Nine states now have 70% of adult residents with at least one vaccine shot, Centers for Disease Control and Prevention
A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images Bitcoin is still in a stretch of double-digit intraday moves after briefly halving its value last week, and Wall Street strategists say this crazy run won’t be over anytime soon. It’s been a rude awakening for
Though billionaire investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has previously expressed concern about the future of bitcoin, he has also noted that the cryptocurrency earned his respect. Now, he reveals, “I have some bitcoin,” Dalio told CoinDesk during its 2021 Consensus conference. The interview was recorded on May 6
In this article SPCE VSS Unity reaches the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic shares jumped in premarket trading on Monday, following the company’s successful spaceflight test on Saturday. The launch represented a critical step forward for the space tourism company, as the test had been
Martin Barraud | Getty Images If you’re retired and worried about how inflation could hit your wallet, there may be strategies you can employ to minimize the impact. One option could be to invest in Treasury inflation-protected securities, or TIPS. Like typical Treasury bonds, they are issued and backed by the U.S. government — which
Birdies shoes sold out in late 2020, leaving the company unable to meet the year-end demand. Source: Bianca Gates As women across the country ditched their heels during the pandemic, shoe company Birdies thrived. The direct-to-consumer brand touts itself as a “stylish flat that’s secretly a slipper.” The result: 300% year-over-year growth in April 2021.
One of the most common mistakes I see people make is overestimating their tax rate in retirement. This is important for a couple of reasons. First, as Roth 401(k) and 403(b) plans become more common, estimating your future tax rate is a big factor in deciding whether you should make Roth or pre-tax contributions. Second,
According to the National Law Center on Homelessness & Poverty, there is no clear rule to the effect that living in the land of the free and the home of the brave gives one a right to housing. Nonetheless, the Federal Government has supported affordable housing, in one way or another since the Great Depression. I haven’t found
For those who live in urban centers, navigating life during COVID-19 has meant rethinking use of green spaces. Pre-COVID, the local park, courtyard or well-designed backyard may have been a nice-to-have amenity, but the pandemic brought to light the importance of accessible green spaces for both physical and emotional wellbeing. From socially distant picnics and
A computer generated aerial view of Greater Springfield near Brisbane, Australia. Springfield City Group Travel up the sunny shores of Australia’s Gold Coast, 25 kilometers outside of Brisbane, and you’ll find Greater Springfield, a city that’s different by design. You may never have heard of it. Unsurprising; the city is not yet 30 years old.
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