Getty Images Wealthy individuals and families are breathing a sigh of relief in light of the election results. Their worst tax fears are not to be realized in the near term as the combination of a Democratic president and a likely Republican Senate means that significant tax legislation is off the table. “Prior to the election
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Today’s active seniors are seeking entertainment and educational amenities, such as this art class … [+] at a Revel Communities property. Revel Communities With the promise of COVID-19 vaccines on the horizon, there’s hope the nation can return to some kind of normalcy in the coming year. Eyeing the post-pandemic world, lockdown-weary active seniors are
Moncef Slaoui, the former head of GlaxoSmithKlines vaccines division, listens as U.S. President Donald Trump delivers remarks about coronavirus vaccine development in the Rose Garden of the White House on May 15, 2020 in Washington, DC. Dubbed “Operation Warp Speed,” the Trump administration is announcing plans for an all-out effort to produce and distribute a
Workers are seen at a production line manufacturing solar photovoltaic components at a factory in Huzhou, Zhejiang province, China February 12, 2019. Lin Yunlong | Zhejiang Daily | Reuters BEIJING — China is set to remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to
Siblings Jack, Catherine, Sam and Molly Matt pay a socially distant visit to Santa Claus at the Willow Grove Park Mall in Willow Grove, Pennsylvania, on Nov. 14, 2020. Mark Makela | Reuters There are a lot of kids who won’t be getting a new Xbox for Christmas. As many as 1 in 3 people
Economic Security Planning, Inc. Today’s column addresses questions about when it’s possible to file for spousal benefits, who can still file restricted applications for spousal benefits only, divorced spousal benefits after early retirement benefits and eligibility for disability benefits close to full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
With COVID-19 protocols, most home buyers are more serious. getty The New York City real estate market has been in flux for months, but the safeguards created to protect homebuyers, agents and sellers from the novel coronavirus has created a silver lining — they’ve decreased the number of so-called “lookie loos,” the term for people
U.S. President-elect Joe Biden removes his face mask as he meets with Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) at his transition headquarters in the Queen theater in Wilmington, Delaware, U.S., November 20, 2020. Tom Brenner | Reuters President-elect Joe Biden will announce cabinet appointments this upcoming Tuesday,
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: FireEye — Shares of FireEye jumped 12% in extended trading after the cybersecurity company announced a $400 million strategic investment led by Blackstone. FireEye intends to use the proceeds to fund the acquisition of Respond Software and grow the company’s
Jin Lee | Bloomberg | Getty Images Out on Wall Street, stocks are taking a breather from this month’s rally. Despite encouraging updates on a potential coronavirus vaccine, disappointing unemployment data and a spike in coronavirus cases have spooked investors. Not helping investor sentiment, New York City Mayor Bill de Blasio announced that schools would
Jose Luis Pelaez Inc | DigitalVision | Getty Images Don’t let the holidays distract you from last-minute opportunities to reduce your 2020 tax bill. There are about five weeks left in the year, which means the clock is ticking on tax-planning strategies. Some tactics are only in play for 2020, thanks to the federal CARES
getty Medicare premiums and other costs will increase in 2021, the Centers for Medicare and Medicaid Services (CMS) recently announced. But the CMS reported earlier that premiums for the private sector version, Medicare Advantage plans, will decline for 2021. The basic monthly premium for Part B, which covers most doctor’s services and similar non-hospital care,
6year end tax-saving moves that you need to make before New Years Eve. Getty Images Wow! 2020 has been a crazy year. Many people have seen their incomes plummet, while others have been more fortunate. 2020 has been a record-setting year for the incomes of some. Either way, yearend is a great time to do
Mortgage interest rates just keep dropping getty For the 13th time this year the mortgage interest rates have reached the lowest point in recorded history. Freddie Mac reports 30-year, fixed rate loans were as low as 2.72% over the past week. That is down from their previous low of 2.78% earlier in the month. Typically
View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to President Donald Trump when he
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – The drugmaker and German partner BioNTech (BNTX) plan to apply today for emergency use authorization for their Covid-19 vaccine. Earlier this week, study data analysis showed the vaccine to be 95% effective. Pfizer shares added 1% in premarket trading as
In 2009, Airbnb was clawing towards “ramen profitability,” or just enough profit to pay for basic expenses — with the expression playing off the ultracheap instant Japanese noodles people famously eat when they are saving money, which today cost as little $4.80 for a 24 pack. That January, Airbnb’s co-founder and CEO, Brian Chesky, emailed
RainStar | E+ | Getty Images There’s a chance that if you’re enrolled in Medicare, an Advantage Plan is on your radar as a supplemental coverage option. While these plans continue growing in popularity and availability, there are some things to watch for. And whether you’re mulling over switching to another plan or adding one
getty Have you seen it? It’s kind of hard to miss. The stock market has been acting “unusual” in many ways these past two weeks. It may be signaling a harbinger of things to come. There’s a significant difference between market volatility and market rotation. In the former, most recently experienced this past March, the