AFP via Getty Images Today’s markets are different. Understanding why can save your retirement portfolio. There has been a lot of talk about “herd mentality” lately. And I am not talking about politics. The herd mentality I refer to is taking place in the investment markets. Specifically, there is a level of group-think around the
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The Internal Revenue Service released final regulations Monday to offer guidance on deductions for estates and non-grantor trusts, clarifying that certain deductions aren’t to be considered miscellaneous itemized deductions. The Tax Cuts and Jobs Acts of 2017 forbids individuals, estates and non-grantor trusts from claiming miscellaneous itemized deductions for any taxable year starting after Dec.
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Senator Elizabeth Warren, a Democrat from Massachusetts and 2020 presidential candidate, walks on … [+] stage during a campaign event at Iowa State University in Ames, Iowa, U.S., on Monday, Oct. 21, 2019. Warren unveiled an $800 billion plan to fund her progressive proposal for reshaping U.S. public education and disclosed that her signature wealth
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Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households
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By Marguerite Lorenz, Professional Trustee and Executor and Next Avenue Contributor getty When do you need your estate plan to “go to work” for you? While you may think the right answer is “after I die,” the actual answer is “if I lose the ability to manage my own affairs.” That means having the right
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Nikola Motor Company Source: Nikola Motor Company In recent months, three story lines have captivated Wall Street: SPACs, electric vehicle companies and the rise of retail traders. The outsized success of the first two, and novice investors entering the market in record numbers, have led some investors to claim this is an indication of froth.
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Late last week, Democratic presidential candidate Joe Biden released a piece reviewing his tax proposals, contrasting them with President Donald Trump’s tax ideas. A major theme within this piece can be summarized in the title: “A Tale of Two Tax Policies: Trump Rewards Wealth, Biden Rewards Work.” Biden raises an important question regarding how work
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getty While the price of gold rose to new highs during the summer, you probably saw a number of ads recommending investing in gold through an IRA. You’re probably also aware that gold is a “collectible,” and that IRAs aren’t allowed to own collectibles. Both those thoughts are correct. Gold is a collectible, but there
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Acumatica has released its latest software update, and it includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify. Also new for the 2020 R2 release is automatic creation of accounts payable documents from vendor bills, driven by artificial intelligence embedded in the software. R2 offers self-joining tables and automatic
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Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images The 2020 presidential election could be a make it or break it moment for Social Security. The reason: Social Security’s funding, already on
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Economic Security Planning, Inc. Today’s column addresses questions about what happens to benefits lost to the earnings test, filing for spousal benefits before full retirement age, available benefits with multiple exes and survivor benefits and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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Mauldin & Jenkins, a Top 100 Firm based in Atlanta, has acquired Plush Smith P.A., a firm in Sarasota, Florida, expanding M&J’s presence in the Southeast. The Sarasota office will be the firm’s ninth office in the region. Mauldin & Jenkins also has an office in Bradenton, Florida, along with other locations in its home
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Phil Murphy, governor of New Jersey, in 2019 when he again proposed a millionaire’s tax. The … [+] proposal ultimately succeeded this week. Photographer: Ron Antonelli/Bloomberg © 2019 Bloomberg Finance LP New Jersey has approved a millionaire’s tax, making it the fourth state (including Washington, D.C.) to do so. The agreement reached Thursday between Gov.
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