With all the rest of the news, it is easy to forget that the President’s proposal to delay the payment of social security contributions came into force on 1 September. Specifically, for employees earning less than $104,000, employers could stop withholding 6.2 percent of the employee’s share of socialRead More →
In today’s world, a “one-size-fits-all” retirement concept is not for everyone. Rather than defining retirement as the complete end of a 40-year working career, individuals are increasingly taking early retirement, taking several smaller retirements, or working longer, but only partially. Fortunately, there is a savings instrument that offers specificRead More →
The number of U.S. cases of COVID-19 approached 3 million Wednesday, and Florida’s intensive care units are filling up, as the United States counted a record number of new cases of the deadly disease in a single day, a sign that the virus is far from being contained. DataRead More →
Less than a week after the Government Accountability Office said the Internal Revenue Service had reduced stimulus checks to 1.1 million dead, a report released Monday by Erin Collins, the National Taxpayer Advocate, said the federal tax collector also sent about 74,000 checks to people who were locked upRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
The Federal Reserve on Thursday voted to require large banks to preserve capital by suspending share repurchases and cap dividend payments in the third quarter. In a 4-to-1 vote, the Fed will tie the distribution of dividends to a formula based on recent income. The formula sets third-quarter dividends atRead More →
The Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. “Consumers who have beenRead More →
Apple Inc. is facing fresh complaints about the 30% cut it takes from App Store purchases, as European regulators launch two antitrust investigations into the tech giant. Axios reported late Tuesday that Match Group Inc. MTCH, +4.39% , parent company of Tinder, OK Cupid and other popular dating services, criticizedRead More →
A federal rule that could have helped protect health-care workers from coronavirus has been stuck in regulatory limbo since the start of the Trump administration. An Occupational Safety and Health Administration rule in the works since 2010 was designed to ensure that employers have in place comprehensive programs to protectRead More →
Automobile-loan delinquencies are at a record high, but experts say this may not impact your ability to get a loan for your car purchase. In the fourth quarter of 2019, the outstanding balance on automobile loans and leases hit a record high of $1.33 trillion, according to data from theRead More →
If you’re actually hoping to retire at any point, the chances are you’re going to need Social Security, Medicare, and Medicaid. So when the president unveiled his latest budget proposals, amid a chorus of partisan claims and counterclaims, try to block out the noise, and instead focus on the numbersRead More →
China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains. From raw materialsRead More →
Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with that sum the Amazon AMZN, -0.70% founder could have footed the entire 2019 federal tax bill his company is planning to pay this year. He’d have $3 million leftRead More →
The human mind often works in fascinating ways that can help or hurt investors. If someone has to deliberately take action in order to participate in something, they are far less likely to do so than if they were signed up automatically with the option of not participating. This opt-in/opt-outRead More →
It was a goddess that inspired Sunny Bertollini to move to Italy. The 50-year-old herbalist, and her husband, Mark Hinshaw, a 72-year-old retired architect, had been coming to Italy on vacation for years. On one trip, they visited an ancient temple to Salus, a Roman goddess of health and well-beingRead More →
Dear Moneyist, I divorced a little over a year ago, and my ex-husband died suddenly. One of our investment accounts was ordered to be split $30,000/$60,000, as per our divorce agreement. I signed my paperwork, but he never got around to it. Also see: ‘My husband’s kids hate me andRead More →
One of the House impeachment managers said Sunday she wasn’t sure that the goal of convincing the Senate to subpoena new witnesses in the impeachment trial of President Donald Trump had been achieved this week. Democrats, who hold 47 seats in the Senate, need to convince four Republicans to compelRead More →
Photo by Dave Kotinsky/Getty Images for William Hill Race & Sports Bar New Jersey Gov. Phil Murphy says the state’s top earners should be paying more in taxes. It could become more taxing for the highly compensated to live in New Jersey, if the state’s governor has it his way.Read More →
The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied antipoverty programs in the United States.” And yet, far too many taxpayers aren’t aware of the credit, according to aRead More →
The sales-practices scandal at Wells Fargo & Co. that shook investors, regulators and lawmakers in 2016 was worse than you think. ‘I was in the 1991 Gulf War. … This is sad and hard for me to say, but i had less stress in the 1991 Gulf War than lookingRead More →
On this Martin Luther King Jr. Day, Americans will pause to reflect on the civil-rights movement — the progress made and the lingering challenges. More than half a century after Dr. King’s untimely death, the U.S. has made strides toward realizing his vision, but discrimination still exists — both inRead More →
Just seven days after Dr. Martin Luther King, Jr. was assassinated in April 1968, President Lyndon Johnson signed Title VIII ̶— commonly referred to as the Fair Housing Act —̶ of the Civil Rights Act of 1968 into law. President Johnson considered the law as an homage to the great civil rights leader. Read More →
Zurich Airport, near the World Economic Forum in Davos, on Monday touted the fact that a business aircraft used a blend of sustainable and conventional fuel. The fuel, made by Finland’s Neste NESTE, +1.74% , aims to reduce greenhouse gas emissions by up to 80%, the airport said. But it’sRead More →
Retirees have a healthy concern for their health-care options. Health, in fact, is the No. 1 concern for retirees, according to a survey by T. Rowe Price. Indeed, 70% of retirees felt concerned about both their health and the cost of health care heading into retirement, the financial-services firm found.Read More →
Dear Moneyist, I have what I hope is a simple question. My stepmom and father gave me $16,000 from their joint savings days before my dad passed away. She said it was a gift. Now that he has passed, she wants the money back. I paid $2,000 for the funeral. Also see:Read More →
