Hero Images | Getty Images The IRS has again waived required withdrawals for certain Americans who have inherited retirement accounts since 2020. It may not be a good thing for heirs, experts say. Before the Secure Act of 2019, heirs could “stretch” retirement account withdrawals over their lifetime, which reduced year-to-year tax liability. Now, certain heirs
More than 70% of Americans are worried that higher taxes will be imposed on future distributions from traditional IRAs and 401(k)s, according to Allianz Life’s Quarterly Market Perceptions Study for the third quarter of 2023. That’s one reason a high percentage of participants in the same survey said effectively managing taxes on retirement income is
The Netflix logo on a laptop arranged in Hastings-on-Hudson, New York, July 16, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images The best way to get investors to stop focusing on something is to stop telling them at all. Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued
Pictured here is a commercial residential property under construction on March 20, 2024, in Nanning, capital of the Guangxi Zhuang autonomous region in south China. Future Publishing | Future Publishing | Getty Images BEIJING — China’s fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption
Peter Cade | Stone | Getty Images Buyers of newly built homes can come across a number of sticker shocks. In February, the median sale price for new construction sold in the U.S. was $400,500, according to the U.S. Census Bureau and the Department of Housing and Urban Development. More from Personal Finance: Should you
Medicare expects it will spend more $550 million this year for the controversial anti-Alzheimer’s drug Leqembi and predicts the cost will skyrocket to $3.5 billion in 2025, according to Stat News. The program spent $5.7 billion on drugs such as Ozempic and Mounjaro in 2022, according to the Kaiser Family Foundation. These GLP-1 medications were
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT A couple sits in front of a television with the Netflix logo on it. Picture Alliance | Picture Alliance | Getty Images LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it
Norway’s giant sovereign wealth fund on Thursday reported a first-quarter profit of 1.21 trillion kroner ($110 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, said it had a value of 17.7 trillion kroner at the end of March. It described
Grand Prismatic Spring, Yellowstone National Park on Aug. 8, 2020. Darwin Fan | Moment | Getty Images Visitors to national parks will get free admission on April 20 as the federal government waives entrance fees to commemorate the start of National Park Week. National Park Week runs for nine days, from April 20 to April
Antonio Suarez Vega | Istock | Getty Images The largest cohort of baby boomers is poised to reach age 65 between now and 2030. And women — who make up 52% of those “peak 65” boomers — are more likely to struggle in retirement compared with their male peers, according to a new economic impact
You can quit work, but can you quit retirement? Many people are. Why? The answer is about more than money and may surprise many people who are working hard to plan their dream retirement. Pulling out of the driveway, my chatty rideshare driver volunteered that he retired a few years ago from the hotel that
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Brendan McDermid | Reuters Eli Lilly on Wednesday said its highly popular weight loss drug Zepbound showed the potential to treat patients with the most
In this article ALK BA Follow your favorite stocksCREATE FREE ACCOUNT An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. Stephen Brashear | Getty Images Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday thanks to strong travel demand, despite a
Illustration of a cybercriminal using a computer. Seksan Mongkhonkhamsao | Moment | Getty Images A huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords, and bank details, has been infiltrated by international police. Britain’s Metropolitan Police said in a statement Thursday that the
Jetcityimage | Istock | Getty Images The annual rate for Series I bonds could fall below 5% in May based on the latest inflation data and other factors, experts predict. That would be lower than the current 5.27% interest on I bond purchases made before May 1, but higher than the 4.3% interest offered
By Lucy Lazarony, Next Avenue Companies lay off or discharge approximately 1.5 million people every month, shocking family finances of those affected — particularly if the finances include college plans for a son or daughter. Students and their parents are not helpless, however. Here is a closer look at how college plans may be affected
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT Vince McMahon, right, and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport in Green Bay, Wisconsin, on June 22, 2009. Mark A. Wallenfang | Getty Images As he faces a mountain of legal woes, former WWE leader Vince
In this article ASML-NL ASML Follow your favorite stocksCREATE FREE ACCOUNT Shares of ASML on Wednesday fell as the company missed sales forecasts, but stuck to its full-year outlook. ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales: 5.29 billion euros ($5.62
Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, D.C., on Dec. 13, 2023. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has