Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for the nearly $80 billion in IRS funding enacted in August through the Inflation Reduction Act. Wyden shared expectations for
Month: October 2022
There’s a significant perception/reality gap among most pre-retirees and retirees today. That’s one of the key takeaways from a new study published by the Stanford Center on Longevity (SCL), titled Disconnected: Reality vs. Perception in Retirement Planning. The study shows that most of today’s pre-retirees and retirees lack sufficient savings to fully retire at age
A nominee for HGTV’s 2022 Designer Of The Year, Mel Bean has made a name for herself in of all places, Tulsa Oklahoma. Perhaps best known for designing The Pioneer Woman Lodge, the founder of Mel Bean Interiors discovered her passion two years into getting a degree in psychology/pre-med. When Bean realized that her future
Left to right: Russian cosmonaut Anna Kikina, NASA astronaut Josh Cassada, NASA astronaut Nicole Mann, and Japanese astronaut Koichi Wakata arrive ahead of the launch of the SpaceX Crew-5 mission from the Kennedy Space Center in Florida on October 5, 2022. Jim Watson | Afp | Getty Images SpaceX launched four people to the International
D3sign | Moment | Getty Images Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey. Forty-three percent of U.S. adults are planning to take overnight leisure trips between Thanksgiving and New Year’s; of them, 79% are adapting to rising prices for travel in
As we enter the holiday baking season, one key ingredient will be harder to find: butter. And the lack of supply is already driving prices up. In January, the average price of butter was $3.67 per pound, according to the Federal Reserve Bank of St. Louis. In September, it was up to $4.70 per pound.
fitzkes / Getty If you’re racing to meet the Oct. 17 tax extension deadline, make sure you don’t skip key forms as you’re rushing to the finish line, experts say. It’s critical to file a complete and accurate return to avoid processing delays, according to the IRS, including details from all the necessary forms. Further,
One of the biggest credit card misconceptions is that carrying a balance month to month will give your credit score a boost. To that point, 46% of Americans incorrectly believe that leaving a small balance on their card is better for their credit score than paying off the balance each month, a recent NerdWallet study
Can you feel inflation eating away at your income? Are you worried matters will only get worse as the nation dives deeper into recession? Perhaps you’re eying that favorite hobby of yours, wondering if you can tweak it a bit to bring in some much-needed revenue. What’s holding you back? If you’ve spent the bulk
Eric Solomon of Steptoe & Johnson LLP discusses the new excise tax on corporate stock buybacks and examines the issues that the IRS and Treasury will need to tackle before its implementation. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of
The Cameo Shores community in Orange County’s Corona Del Mar in California is a sea of multimillion-dollar estates—most of which cover their lots with living space. An exception is this Provencal-inspired ocean-view residence, which sits on a park-like half acre. The extra elbow room created by this two-parcel setting adds an oasis of green that
Displaced people in floodwater after heavy monsoon rain at Usta Mohammad city, in the Jaffarabad district of Balochistan province, on Sept. 18, 2022. Thirty-three million people have been affected by the floods in Pakistan, which started with the arrival of the monsoon in late June. Fida Hussain | Afp | Getty Images Calls for climate
Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings, a barometer of employers’ demand for workers, saw a near-record monthly decline in August. Openings fell by 1.1 million to 10.1 million, according to U.S. Department
In this article MAR AC-FR HLT Follow your favorite stocksCREATE FREE ACCOUNT International travel may still have its challenges. But finding a solid hotel for a business trip isn’t one of them. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in Europe. This
Ariel Skelley | Digitalvision | Getty Images Applications for financial aid are now available for the upcoming academic year. Although the Free Application for Federal Student Aid for 2023-24 isn’t due until June 30, 2024, it’s wise to apply as soon as you can. For a growing number of families, financial aid is key when
Despite stock market gains in the last couple of days, some investors are clearly tired of seeing losses in their retirement accounts this year. New data from Alight Solutions shows last month the vast majority of daily trades in 401(k) plans went from equities to fixed income. “Almost every time Wall Street has a major
Critics of Medicaid’s long-term services and supports (LTSS) program often complain that it is so poorly designed that lavishes benefits on wealthy retirees and wastes billions of dollars in taxpayer money. Some people do abuse the system. And they should be stopped. But the real problem with Medicaid LTSS is that in many states its
Share to Facebook Share to Twitter Share to Linkedin It has been holy writ among central banks that the goal of monetary policy should be to achieve a 2% rate of inflation. Federal Reserve boss Jerome Powell, for example, says he will fight the current inflation until it gets down to 2%. But this episode
Hurricanes damage buildings in two major ways: Wind damage and flooding. In Hurricane Ian, which made landfall in Lee County, Florida last Wednesday, water was definitely a major factor, carrying homes off of their foundations, sweeping boats, cars and sea life through neighborhood streets and flooding roads, parks and structures. “Overwhelmingly, it’s been that surge
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing more expensive for anyone needing
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