Month: January 2023

Thanks to some positive feedback on my recent piece, I have decided to dig deeper into the Fair Tax Act of 2023. The Reader’s Digest version of the act is that it eliminates federal corporate and individual income tax, payroll taxes that fund Social Security and Medicare, estate tax and gift tax. In their place
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BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou venue. Reservations for the next three days were near capacity,
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Children are seen outside a coronavirus disease (COVID-19) testing site in Brooklyn, New York, January 12, 2022. Brendan McDermid | Reuters The Centers for Disease Control and Prevention on Friday urged people with weak immune systems to take extra precautions to avoid Covid after the dominant omicron subvariants knocked out a key antibody treatment. These
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Bloomberg Creative | Bloomberg Creative Photos | Getty Images It’s possible that the U.S. Supreme Court will strike down the Biden administration’s student loan forgiveness plan, leading to a reversal for the millions of Americans who had been expecting the debt cancellation. President Joe Biden in August announced that he’d forgive at least $10,000, and
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Today’s Social Security column addresses questions about when to switch from survivor’s benefits to retirement benefits, survivor’s benefits amounts after taking spousal benefits and whether claims of taking full retirement benefits at 55 are credible. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
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It doesn’t take much to send a solid retirement plan off the rails. Fortunately, you’re more likely to avoid retirement failures when you know the mistakes that endanger your financial independence and security. Helping Too Much People often dip too far into their retirement funds to help loved ones. Many parents don’t like to turn
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