By Richard Eisenberg, Next Avenue Editor The Washington Post via Getty Images Unquestionably, there are plenty of urgent issues in the 2020 presidential election. But there’s one less urgent, yet equally critical one, that hasn’t received much attention: Social Security trust fund to pay retirement benefits is due to be depleted by 2035, perhaps even
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getty There was an article that circulated recently suggesting that bankruptcies didn’t peak as expected. If the folks who are reaching out to me are any indication, just give it time. With unemployment numbers still high and many areas still under shutdown orders due to the pandemic, it’s clear that the economy is not back
Founder & CEO Robert Reffkin started Compass in 2012 Compass In my continuing coverage of the country’s real estate market, I reached out to Compass Founder & CEO Robert Reffkin. In 2012 Reffkin started Compass with the idea to providing tools and services to help real estate agents grow their businesses and better serve their
Southwest CEO Gary Kelly told CNBC on Thursday the airline is focusing its operations on leisure fliers, citing the difficulty in predicting when business travel will rebound in earnest from the coronavirus pandemic. Kelly, appearing on “Squawk on the Street,” said it usually takes about five years for corporate travel to begin expanding again after
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs agreed to pay more than $2.9 billion to regulators around the world, including a record penalty for violating a U.S.
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines lost $1.2 billion in the third quarter, its biggest loss ever, after the coronavirus pandemic hurt the summer travel season. The Dallas-based carrier trimmed its cash burn to an average of $16 million a day in the
(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back or cut tens of millions of dollars in compensation for executives including CEO David Solomon and former CEO
Prices in the Hamptons hit new records in the third quarter, as wealthy New Yorkers fled the city and continue to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter, to just over $2 million, according to a report from Douglas Elliman
Pascal Broze | Onoky | Getty Images Sometimes, an inheritance lands in your lap when you aren’t expecting it. Whether due to the untimely death of a loved one, or because you were a named heir and didn’t know it, the unplanned event may prompt uncertainty about how to handle the assets. Depending on what
Sen. Marco Rubio, R-Fla., told CNBC on Thursday he would be willing to support a more expensive coronavirus stimulus package than he’d like because failing to provide financial relief to Americans and U.S. businesses presents larger risks to the U.S. economy. “No one is going to get everything they want here and from my perspective, that
Getty Images Under almost any circumstance, tapping your retirement plan savings for cash is a bad idea. Tax professionals and financial advisors will almost universally tell you to use all other sources of liquidity before you hit your tax-advantaged retirement accounts. “Certain IRAs and qualified plans are protected from creditors,” said Ryan Losi, a CPA
President Trump has paid more in taxes through his secret Chinese bank account to China than he has … [+] paid Uncle Sam in federal income taxes. Getty Images The explosive revelations that self-proclaimed billionaire Donald Trump paid just $750 in federal income taxes – a tiny fraction of what he paid the Chinese government
The Maximum OUt-of-Pocket Limit For Medicare Advantage Plans Will Be $7,550 In 2021. getty The Open Enrollment Period began October 15. It’s the time to pay attention to your Medicare Advantage plan. So many things can change—premiums, networks, copayments, coinsurance, networks, extra benefits and more. But the big change this year, one that many may not
Construction of Veev’s development in San Jose for residents displaced during the COVID-19 pandemic. … [+] Veev completed 78 units in just 90 days, shown in-progress here. Veev Three months, or just 90 days. That’s the current forecast of new home supply that we have in the U.S., which is an all-time low, says Ali
German Chancellor Angela Merkel takes her face protection mask off as she arrives for the National Integration Summit at the Chancellery in Berlin, on October 19, 2020. FABRIZIO BENSCH | AFP | Getty Images Germany’s coronavirus epidemic, and strategy to deal with the virus, has not been the same as its European counterparts. This might
A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its third-quarter earnings after the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings
Sara Blakely built Spanx into a billion-dollar brand having no background in design, business or manufacturing. She launched the company in 1998 with just $5,000 she had saved from selling fax machines door to door. But beyond just seed money, Blakely says that job provided something else important for her and for Spanx: Working in
GUANGZHOU, China — Ant Group has cleared the final regulatory hurdle for its massive initial public offering (IPO) with the pricing of its shares slated to be released within the next week. On Wednesday, the China Securities Regulatory Commission gave the green light for Ant Group’s dual Shanghai and Hong Kong listing to go ahead.
Jamie Grill | Getty Images If you’ve nearly drained your savings due to the coronavirus pandemic but have a retirement account, it’s now easier than ever to draw it down. While taking money out of such an account before retiring is generally something financial advisors say to avoid, it may make sense for those who
People receive food at a distribution site during the coronavirus pandemic. Spencer Platt | Getty Images News | Getty Images Alaska and New Jersey Delays in $300 unemployment Delays are largely attributable to sluggish state administration, which has been hampered by antiquated, decades-old technology and an elevated level of jobless claims. More than 25 million