The BiPartisan Policy Center (BPC) recently sent President Joseph Biden a letter that urged him to create a retirement security task force. The aim of the group would be to examine solutions to common retirement risks, such as savings shortfalls, low interest rates, and soaring costs for health care and long-term care. The letter was
Month: August 2021
Today’s column addresses questions about whether it’s possible to reapply for a retirement benefit so it starts earlier, the procedure for switching from a spousal benefit to a retirement benefit at 70 and the earnings test’s potential effects on survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
The Small Business Administration (SBA) has just made a number of updates to the regulations governing PPP loans that are being welcomed by borrowers and their advisors. These new rules will save tens of thousands of hours for borrowers, accountants, banks and the SBA. Please join Brandon Ketron, JD, CPA and I on Saturday August
By: Alan Gassman and Tina Bhatt The good news and the bad news about the newest Stark Law advisory opinion issue under the Stark Law by the Centers for Medicare & Medicaid Services (“CMS”) (Opinion No. CMS-AO-2021-01 issued June 2021). Many medical practices and their owners that bill Medicare for medical, diagnostic, and treatment services
An unprepossessing two-story building with a gambrel roof along the side of a road in Muscle Shoals, Alabama houses FAME Recording Studios (short for Florence Alabama Music Enterprises.) Erected in 1961 from the proceeds of the company’s first hit, You Better Move On, the ordinary building has had an extraordinary effect on the music world. The
A lot of fantastic ideas have come to people over cocktail napkins and dinner meetings. And the sale of the Blue Heron designed custom home in the Henderson hillside MacDonald Highland community for $25 million is no different. Vegas Modern 001 was completed in April, listed for $28 million in early June and sold on
Passengers form a line inside LAX Terminal 5 Tuesday morning as Spirit Airlines has canceled 313 flights on Monday, 40% of its scheduled flights, and 210 flights have been delayed. Al Seib | Los Angeles Times | Getty Images Spirit Airlines has canceled more than 370 flights, nearly half its Thursday schedule, as the airline tries
In this article W A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Furniture seller Wayfair reported second-quarter earnings on Thursday that topped analyst estimates, but its revenue fell short. Shares of the company rose nearly 7% in premarket
Traders on the floor of the New York Stock Exchange. Source: NYSE Futures contracts tied to the major U.S. equity indexes were little changed at the start of the overnight session Wednesday evening as Wall Street looked to improve upon a mixed week. Dow futures rose 12 points, while S&P 500 and Nasdaq 100 futures
Hopin founder and CEO Johnny Boufarhat. Hopin LONDON — When Johnny Boufarhat founded his virtual events business two years ago, there was no pandemic, no lockdowns and no travel restrictions. That all changed in 2020. The coronavirus outbreak forced a multitude of major events and conferences to be cancelled or postponed, as governments around the
In this article ASTR Rocket 3.2 lifts off on December 15, 2020 from Kodiak, Alaska. John Kraus / Astra Publicly traded rocket builder Astra will go for its first launch of the year later this month, aiming to carry a Pentagon payload to orbit. “The Space Force is right now lined up to do a
Peter Cade | Getty Images It looks like some older workers might get a boost in how much extra money they can put in their retirement accounts. So-called catch-up contributions — amounts permitted above the usual contribution limits — would be expanded for workers in their 60s, under legislation pending in Congress. While the details
The Roth IRA Peter Thiel used to amass billions in tax-free dollars has renewed interest in using tax-advantaged retirement plans as a means for accumulating wealth. What hangs up entrepreneurs is they don’t want to set aside wealth only to have it be taxed away. Whether you think of this as greed or good business,
Tax Notes reporters Amanda Athanasiou and Lauren Loricchio share what they learned reporting on their recent piece, “How the Pandemic Upended Life and Work for Women in Tax,” and their personal experiences. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
As the harvest season approaches, it’s worth looking at homes that wine lovers—from the person who likes to relax with a glass of chilled Chardonnay to the most skilled sommelier—could appreciate. Winery with former Catalan monastery in the South of France Location: Perpignan, Pyrenees Orientales—Occitanie, France Price: $6.482 million (EUR 5.3 million) Once a Catalan
In this article TGT A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target said Wednesday it will offer a new perk to woo workers: a debt-free way to get an associate, undergraduate or graduate degree. Starting this fall, the
In this article UBER Uber beat estimates on the top and bottom line and turned an unexpected one-time profit during the second quarter. Shares dipped more than 4% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Earnings per share: 58 cents vs. an expected loss of 51 cents
In this article DBSM-SG DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images SINGAPORE — DBS Group Holdings, the largest bank in Singapore and Southeast Asia, reported on Thursday second-quarter earnings that beat expectations as the economic recovery in its home market takes hold. The bank’s net
For Ray Dalio, bitcoin is like a digital version of gold — but the billionaire clearly values one higher than the other. “If you put a gun to my head, and you said, ‘I can only have one,'” says Dalio. “I would choose gold.” Dalio, who turns 72 on Sunday, revealed in May that he
In this article VRA VERA A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters JPMorgan Chase‘s new healthcare unit has made its first investment, CNBC has learned exclusively. The bank has agreed to invest $50 million in Vera Whole Health, a Seattle-based start-up that
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