Getty Images Saving for retirement is crucial. Yet trying to figure out the best retirement plan may leave many people confused. You may have the option to contribute to an employer-sponsored plan, like a 401(k) plan. There are also individual retirement accounts: the traditional, into which contributions are made pre-tax, and Roth IRAs, in which
By Richard Eisenberg, Next Avenue Managing Editor getty A huge concern for people as they approach retirement and when they’re in retirement is: How can I ensure I don’t outlive my money? One way to try to avoid that unsettling prospect is to figure out ways to spend less in retirement so the money you
Craig Hubbs loads wood into his truck at a The Home Depot store in Kill Devil Hills in the Outer Banks of North Carolina on September 11, 2018. Alex Edelman | AFP | Getty Images Dividend stocks are a critical part of an investor’s portfolio. They are also perfect for market volatility — because investors
Carl Carande (pictured) was selected as the next global head of advisory at KPMG International, effective Oct. 1. He will succeed Mark Goodbum who has been in the role for nearly 10 years. Carande will also serve on the KPMG global management team, in addition to continuing his current role as vice chair – advisory
Years ago, when entertainer Jimmy Durante ended an appearance — whether live or on television — he would always sign off with his trademark catchphrase, “Good night, Mrs. Calabash, wherever you are.” It was a tribute to his first wife who died in 1943, which he would continue until his retirement nearly 30 years later.
Miami resident Willie Mae Daniels, with granddaughter, Karyah Davis, 6, was laid off from her job as a food service cashier at the University of Miami on March 17. Joe Raedle | Getty Images News | Getty Images In just the past six months, more than 22 million American jobs have been lost, and fewer
Will COVID help or hurt your finances? Emma Slater, Sharna Burgess and Peta Murgatroyd are seen … [+] arriving at ‘Dancing With The Stars’ Studios on September 17, 2020 in Los Angeles, California. (Photo by fupp/Bauer-Griffin/GC Images) GC Images The impact of the Coronavirus on people’s finances may vary, depending on who you speak with.
CNBC’s Jim Cramer said Thursday that investors will want to have money in the stock market if Congress approves another coronavirus relief bill. “If we get a stimulus package and you’re out of the market, you will feel awful,” Cramer said on “Squawk on the Street.” ”I do feel the stimulus package is very hard to get.
Accounting Today is issuing a call for nominations for the 2020 edition of its annual Top 100 Most Influential People in Accounting list. The list profiles a wide range of figures who wield influence over the profession, from association leaders, to state and federal regulators, thought leaders, practitioners, academics, consultants and grassroots activists. To cast the
Watch Tax Notes International contributing editors Robert Goulder and Nana Ama Sarfo discuss the tax development of OECD, how it compares to that of the U.N., and the OECD’s past and present international tax reform efforts. Here are a few highlights . . . On the history of the League of Nations and the United Nations Nana
A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
getty Gold is a hot investment again. There are a lot of ways to invest in gold, and there are different tax consequences for each of these methods. Gold investors aren’t going to have equal after-tax returns, and part of the reason is the differing tax treatments of the ways to invest in gold. Consider
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Stock picking has a terrible track record, and it’s getting worse. That’s the thesis of Larry Swedroe and Andrew Berkin’s book, “The Incredible Shrinking Alpha,” just out in its second edition. Swedroe is
The Sustainability Accounting Standards Board is moving beyond standards for environmental issues and more into the areas of social and governance reporting, with new projects on content governance in the internet media and services industry and human capital management. SASB held an online board meeting Friday to discuss both issues, along with the more environmentally
getty On September 23, 2018, police in York County, Pennsylvania, responded to reports of a shooting. When they arrived, they learned that a couple had been shot: Kimberly Forney was struck in her lower leg, and Matthew Forney had been hit twice in his upper chest. The culprit? The couple’s son-in-law, Robert Hedrick. Hedrick told
Now’s your chance to gain financial literacy from a CPA. September 18, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Finances and
Getty Images If you’ve thought about refinancing your mortgage, be aware that it may soon be a more expensive proposition. Due to a 0.5% “adverse market” fee, effective Dec. 1 and imposed on lenders by mortgage backers Fannie Mae and Freddie Mac, many homeowners are expected to absorb at least some of the cost when
getty When investors are seeking to maximize current income within a portfolio to live on, it is natural to seek out fixed income securities with higher yields. This is especially true today with interest rates near zero and high quality bonds offering little yield to maturity. Reaching for yield is a mistake we see often,
Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular
Key Findings State tax collections declined 5.5 percent in FY 2020 according to new Census data, though actual losses are likely to be significantly lower after accounting for the shifting of income tax collections into the current fiscal year due to delayed tax filing deadlines. After a sharp initial drop under stay-at-home orders, sales tax