Economic Security Planning, Inc. Today’s column addresses questions about what effect years of lower income might have on benefits taken later, when the higher income limit for the earnings test is applied and whether a divorce and subsequent remarriage can satisfy the 10 year marriage requirement. Larry Kotlikoff is a Professor of Economics at Boston
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Can you get into trouble for urging other investors to buy stock or options in a company? getty As just about everyone knows by now, investors communicating on the Reddit forum WallStreetBets drove up the stock price of GameStop while openly discussing both their tactics and their reasoning. Some of them purchased GameStop shares as
Got a Notice CP21C from the IRS about your economic impact payment? It’s a mistake. getty Got a CP21C letter from the Internal Revenue Service about the stimulus payment(s) you’re waiting for? It’s a mistake. The letters, mailed to more than 109,000 taxpayers, say that the IRS is offsetting outstanding economic stimulus payments to cover
In a time of fiscal desperation, are states ready to embrace the sin? COVID-19 has taken an obvious toll on the world’s collective health. And COVID-19 restrictions have wreaked similar havoc on state budgets throughout the United States. State tax collections for March through August 2020 were, on average, 6.4 percent less than in the
The ongoing pandemic has had a vast impact on nearly every industry, and the housing market is no exception. As stay-at-home orders were enacted and financial insecurity loomed large for many in early 2020, the number of both buyers and sellers dwindled. Fortunately, the market bounced back as city dwellers sought more affordable suburban properties
Kenny Kane is the Chief Operating Officer at Firmspace. getty Even with vaccine distribution plans rolling out for high-risk populations around the country in Q1, the year ahead is likely to be spent still working primarily remotely for many professionals. So, it’s time to think about what “work from anywhere” (WFA) really means, and what kind
More than half a year since Covid-19 stalled its spread within mainland China, new clusters of cases have emerged in and around the capital city of Beijing in the last few weeks. Here’s a look at the provinces that have reported confirmed coronavirus cases since Dec. 1, with darker shades representing areas with higher number
The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019. Sam Yeh | AFP | Getty Images For a new venture with little revenue, Foxconn‘s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based
Fast food, big potential? With Goldman Sachs issuing bullish calls in the fast-food and restaurant space on Tuesday, two traders assessed whether the firm’s picks could continue to deliver gains in the year ahead. Goldman analysts named the stock of Chipotle Mexican Grill as their top pick in the space for 2021, also assigning buy
Tali Aiona | EyeEm | Getty Images Danish energy firm Orsted is pushing ahead with plans to develop a demonstration project which will harness offshore wind energy to produce “green” hydrogen. In an announcement Wednesday, the company said it had taken a final investment decision on the 2 megawatt (MW) H2RES scheme, which will be
A picture taken on January 15, 2021, shows a pharmacist holding with gloved hands a phial of the undiluted Pfizer-BioNTech vaccine for Covid-19, stored at -70 ° in a super freezer of the hospital of Le Mans, northwestern France as the country carry on a vaccination campaign to fight against the spread of the novel
President-elect Joe Biden has picked Dr. Anthony Fauci to lead a U.S. delegation at the World Health Organization’s annual meetings this week, reversing outgoing President Donald Trump’s plan to withdraw from the international aid group. The new administration plans to work with the WHO on an international Covid response plan as one of Biden’s first
Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings
Reed Hastings, CEO of Netflix Getty Images Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 12% after
A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the media streaming giant soared more than 10% in extended trading after the company reported strong subscriber growth and said it’s considering
The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending will spark sharp inflation. In a recent note, Paulsen called it the “most significant risk
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – Morgan Stanley earnings and revenue beat estimates for the fourth quarter. Results were helped in part by strong growth in investment banking and trading revenues. The company’s shares rose 2.5% in premarket trading as of 7:40 a.m. ET. UnitedHealth
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay
Stock futures held steady in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose just 40 points. S&P 500 futures were flat and Nasdaq 100 futures gain 0.3%. Netflix soared more than 10% in extended trading after the company reported strong subscriber growth and said
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a share, 2.4%