A lot has been written as to why you should wait until 70 to start collecting your Social Security benefits. In the right situation, that is a true statement, but everyone’s situation is different. I have always said that there are as many good reasons as bad reasons to wait to collect your Social Security
Month: May 2023
Does it matter for your taxes if you spend $500 on your hobby, or if you spend the same amount promoting your side hustle where you earn extra money? It sure does. If your activity is a hobby, your expenses are not tax deductible. But if you are running a business (even a very small
Rich Flex? Toronto-born, Grammy award-winning rapper Drake is offloading his palatial Los Angeles home for a whopping $88 million. The artist purchased the home last spring from British rocker Robbie Williams and his wife, Ayda Field, for $75 million. While it’s not known exactly why he’s selling, it’s obvious why he purchased the home in
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Florida Governor Ron DeSantis speaks at a conference titled Celebrate the Faces of Israel, Museum of Tolerance Jerusalem, April 27, 2023. Maya Alleruzzo | AFP | Getty Images Florida’s legislative session is set to end Friday, capping a 60-day Republican blitz to send major bills
A Pacific Western Bank branch in Encino, California, on Saturday, April 22, 2023. Morgan Lieberman | Bloomberg | Getty Images PacWest Bankcorp led a relief rally in regional banks again on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis. Shares of PacWest soared 38% in premarket trading Monday, adding
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. Brendan Mcdermid | Reuters At a time when many investors are pulling back, family offices are moving into “risk on” mode, with plans
Justin Cronin Tim Llewellyn Photography NEW YORK — Justin Cronin spent a decade writing and publishing his bestselling “Passage” trilogy, which spins a sweeping tale about a dystopian, near-future America overrun by vampires. Now the 60-year-old author is back with his first novel since that series wrapped up with “The City of Mirrors” in 2016.
In this article Follow your favorite stocksCREATE FREE ACCOUNT This dividend-paying ETF may help protect investors during wild market swings. Capital Wealth Planning’s Kevin Simpson is recommending to clients the Amplify CWP Enhanced Dividend Income ETF (DIVO), which focuses on blue-chip companies likely to increase future dividends. “We want strong, powerful dividend growth,” the firm’s
The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close. The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research. After a
Protestors take part in a May Day demonstration on Rennes, France, on May 1, 2023. Damien Meyer | Afp | Getty Images An increase in pension retirement age to 64 from 62 in France has sparked ongoing protests. The U.S. could be poised for a similar change with the Social Security retirement age. That shift
Are you worried about getting Social Security as promised? If you’re not, don’t read the following paragraph. The Social Security Administration recently issued a message to the public summarizing The Trustees of the Social Security and Medicare trust funds report. It stated, “The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay
Today’s Social Security column addresses questions about how continued work might be able to increase retirement benefit rates, how survivor’s benefits are calculated and how a non US citizen might be eligible for US Social Security benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
Cannabis reform demonstrators gather outside the White House in Washington, D.C., to call on President Joe Biden to take action on cannabis clemency before the November general election, Oct. 24, 2022. Win Mcnamee | Getty Images Marijuana is a multibillion-dollar industry, and across the United States, legal markets are popping up like weeds as more
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. Warren Buffett on Saturday boiled down value investing, the strategy that has helped him amass his wealth, in one sentence. related investing news Why value investor Bill Nygren calls this media spinoff the best trade
Mark Cuban always tries to push himself out of his comfort zone, so it’s no surprise that he does the same for others. Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn’s The Path newsletter. Marshall, 63, had left her
In this article NET AMBA WPRT-CA ACMR NVDA Follow your favorite stocksCREATE FREE ACCOUNT 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. Kai Pfaffenbach | Reuters Technology stocks outperformed the broader markets over the past decade. Thanks to the bull run, the tech-heavy Nasdaq 100 Index (NDX) gained
Amsterdam, The Netherlands. Alexander Spatari | Moment | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here. Costs have been off the charts this year for many aspects of travel. Why? Americans are
One of the things that limits textbook financial planning from offering the biggest benefits to wealth management clients and do-it-yourselfers is that the not-so-almighty dollar is just one of several scarce resources at our disposal. When viewed only through a singular lens, and irrespective of the remaining resources, money simply does less good. But when
The Alpha rocket for the Space Force’s Victus Nox mission stands on the launchpad at Vandenberg Space Force Base, California. Firefly Aerospace The name says it all: Victus Nox, or, translated from Latin, “conquer the night.” It’s an experimental test run of national security capabilities in space, and a high-stakes mission for a pair of
OMAHA, Neb. — Warren Buffett struck a pessimistic tone about Berkshire Hathaway‘s myriad of businesses on Saturday, saying he expects an earnings decline in light of an economic slowdown. “In the general economy, the feedback we get is that, I would say, perhaps the majority of our businesses will actually report lower earnings this year
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