Today’s Social Security column addresses questions about the effect of rolling a public pension over into an IRA, survivor’s benefits and the earnings test and how military credits can be applied to benefit amounts. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
Month: February 2023
An abundance of palaces in Spain are places to visit. Time capsules of history to experience and explore. But in the Basque town of Getxo in greater Bilbao, there’s currently one being sold as several separate residences or apartments. Designed by architect Leonardo Rucabado in 1918 at the behest of a local industrialist, the …
Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale Vince told CNBC’s Tania Bryer in a recent interview. “But you know, I take it as a good thing. People say to me, ‘oh, there’s greenwashing, it’s
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, but shares retreated as analysts honed in on an uncertain outlook and
Signage of Adani Group at company’s gas station in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani conglomerate deepened market losses to exceed $100 billion on Thursday, which have snowballed since a short-seller’s scathing report triggered market turmoil and led the company to walk back its public share
In this article RCL Follow your favorite stocksCREATE FREE ACCOUNT Canadian Tammy Cecco wasn’t a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get off,” she said, “was something that I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher,
Shoppers in San Francisco on Dec. 21, 2022. David Paul Morris | Bloomberg | Getty Images Months of high inflation have weighed heavily on households. As of December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub report — up from 61% a year earlier and in line with the historic high first
Share to Facebook Share to Twitter Share to Linkedin Washington’s runaway spending is highlighting the seemingly unstoppable growth of the big entitlement programs: Social Security, Medicare and Medicaid. Moreover, the trust funds for Social Security and Medicare are headed for insolvency. These looming disasters are prompting plenty of proposals on what to do: raise eligibility
The Pandemic Response Accountability Committee—or PRAC—has identified billions of dollars in potential fraud and identity theft related to pandemic relief loan programs. The PRAC report, issued this week, identified 69,323 questionable Social Security Numbers used to obtain $5.4 billion from the Small Business Administration’s Economic Injury Disaster Loan program and the Paycheck Protection Program. Together,
Do buyers tell their agents the truth about what they want? The phrase “Buyers are liars” was one of the first I learned when I entered the real estate brokerage business forty years ago, and it has stuck with me for a variety of reasons. 3 But second, and perhaps ultimately more important, the phrase
Loading chart… Sherwin-Williams Co: “I want to own it. I’ll tell you why. Everything that they could possibly say negative about it is out there. I want to come out with a more positive thesis.” Loading chart… XPO Inc: “Let’s wait for it to come down a little.” Loading chart… Upstart Holdings Inc: “Right now,
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results. Earnings: $1.76 per share Revenue: $32.17 billion vs $31.53 billion expected, according to Refinitiv The company also reported
In this article GOOGL AMZN META SNAP HOLX ALGN CHRW Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results.
A signage of Adani group is pictured outside the Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty Images On Wednesday, Gautam Adani announced he’s scrapping his firm’s $2.5 billion equity sale. He withdrew
Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time work may make filing more
Simpleimages | Moment | Getty Images There’s a decent chance that your state is holding money or other assets that belong to you — and government officials want you to have it. About 1 in 7 people — 33 million altogether — collectively have an estimated $70 billion worth of unclaimed property being held by
SECURE 2.0 was enacted as part of the Consolidated Appropriations Act, 2023. It introduces a significant number of changes to retirement preparation including, contributions, simplicity of participation, and the date for beginning Required Minimum Distributions (RMD). There is a significant new provision for the surviving spouse of a deceased participant in an employer retirement plan.
For various reasons, the charitable remainder annuity trust has long been underutilized as a gift planning vehicle. At any given moment there may be somewhat over a hundred thousand split interest trusts in existence, but only about one in eight of these is a CRAT. But with interest rates rapidly rising over the past year,
Brentwood, just 12 miles from downtown Nashville and Music Row, is home to a handsome three-story red brick mansion, one of the best known and most photographed houses in Music City. It will go on the auction block on February 18th in an absolute, no reserve auction, meaning that any price for the home will
In this article COP Follow your favorite stocksCREATE FREE ACCOUNT Alaskan oil extraction site. Lowell Georgia | Getty Images The Biden administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope of Alaska, taking a step toward approving the $8 billion Willow plan that climate groups have long