Some of the cash you’ve been accumulating all year is about to disappear for good. Health-care flexible spending accounts, or FSAs, are tax-advantaged accounts you may be able to find at work. You can save pretax dollars in these accounts and then use your money tax-free to pay for qualified medical costs. You can’t hold
Compass with needle pointing the word retirement, concept image to illustrate retirement planning Getty Feeling old enough to worry about retirement, you have finally decided to check your 401k account to see how your money is invested. You look at the investment options in your plan and they seem to be mostly mutual funds. Then you
Share to facebook Share to twitter Share to linkedin Some provisions of the deal are underwhelming, according to experts. Scott Olsoon/Getty Images Topline: Although Wall Street cheered the signing of a new North American trade deal announced by the Trump administration and congressional Democrats last week, in their relief many investors overlooked specific provisions of
Man in a blue shirt does window installation. Getty As you look at listings online, you may come across a few that are listed in “as-is” condition. Those few words can have a big impact on your transaction, so it’s important to understand what they mean going in. With that in mind, I’ve written a
The Trump administration on Wednesday said it is proposing a rule to allow states to import prescription drugs from Canada, moving forward a plan announced this summer that the president has said will bring cheaper prescription drugs to Americans. Importation of drugs from Canada as a way to lower costs for U.S. consumers has been
Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images General Mills‘ quarterly sales missed Wall Street expectations on Wednesday, as the Cheerios maker was hit by lower demand for its snacks and yogurts in the United States. Net earnings attributable to
Jaap Arriens | NurPhoto | Getty Images Tech dealmakers have been on a hot streak. But they may need to toss out their old M&A playbooks as the landscape changes, according to a new report from Bain Wednesday. Heading into 2020, executives are faced with higher valuations, competition from corporate giants names like Intel and
Mark Wragg | Stockbyte | Getty Images Credit cards are a growing problem for everyone. Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type of debt, after personal loans,
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC and Venmo are bickering over customers’ access to third parties, highlighting the sometimes murky area of connecting finance apps to bank accounts. Over the past month, PNC customers have taken to Twitter to
Someone is having a good start to the holidays. A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night, according to the lottery website. The ticket was purchased at the Giant Eagle supermarket in Mentor, a Cleveland suburb. We might not learn much about the lucky player: Ohio allows lottery winners
How are annuity taxation and attorneys alike? For both, the answer is “it depends.” Contrary to popular wisdom, there is no simple answer to how annuities are taxed. Yes, they are generally income tax deferred, but there is more to it than that. Taxation depends on how the annuity is owned, and how distributions are made from the
WESTWOOD, CALIFORNIA – NOVEMBER 14: Jamie Lee Curtis arrives at the premiere of Lionsgate’s “Knives … [+] Out” at the Regency Village Theatre on November 14, 2019 in Westwood, California. (Photo by Amanda Edwards/WireImage,) WireImage, One of the surprise hits of the 2019 movie season has been the murder mystery Knives Out. With a star-studded cast
Developer Moishe Mana picks up former City National Bank building for $25 million. Alex Tarajano With his recent acquisition of City National Bank’s former headquarters for $25 million, billionaire Moishe Mana has now spent $375 million assembling properties in downtown Miami. This week, the Israeli-born real estate mogul closed on an existing 139,448-square-foot office building
A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Jason Alden | Bloomberg | Getty Images Amazon is turning to an unlikely partner to help expand its package-delivery business: a low-cost airline. Sun Country Airlines,
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming giant’s stock rose more than 3% after the company disclosed figures
The Chinese consumers’ expensive taste is driving growth of the luxury market and fueling a boom in luxury five-star hotels in cities across China. The number of wealthy Chinese recently surpassed the number of wealthy Americans, according to Credit Suisse. The survey found 100 million Chinese in the world’s top 10% of richest people, while
Meat prices are rising following a pork shortage caused by the outbreak of African Swine Fever, which could create a spike in demand for plant-based products like Beyond Meat, Bernstein said Tuesday. African Swine Fever continues to spread in China, which is a significant piece of the worldwide the pork trade. Bernstein said the country
FatCamera | E+ | Getty Images Lawmakers are about to resurrect a package of tax breaks, bringing back a number of valuable expired deductions and credits. “Tax extenders” are a series of temporary provisions in the tax code that have expired and must be cleared by Congress retroactively each year for filers to take them.
Santa Claus putting a lump of coal in Congress’s Christmas stocking. Getty The House of Representatives earlier this afternoon passed two bills to provide $1.4 trillion in funding for defense and non-defense spending programs that must be appropriated on an annual basis. As is often the case with must-pass legislation at the end of the
Well, it’s interesting to see Mormons back in the tax news. The Washington Post has a story about a whistleblower’s disclosures to the IRS that Ensign Peak Advisors, Inc, founded in 1997, has accumulated over $100 billion in assets without ever making any charitable distributions. The only two outflows appear to have been to bail