With the government shutdown over (at least for now) and the Internal Revenue Service hard at work getting tax season launched, tax preparers had some very specific requests (as well as some strong words) for their representatives in Congress. “Please fund the IRS adequately, establish federal oversight of paid tax preparers and get the federal
If health-care expenses have been squeezing your household budget, it could be worth checking if they’d get you a tax break on your 2018 return. A range of medical expenses can qualify, and as long as you itemize instead of taking the standard deduction, a portion of those costs can help lower your tax bill.
If you’re worried that stocks are expensive again, well, they are. The current bull market is making a run at history. But it’s also costly to stay in cash (and lock in zero income). Fortunately, it’s possible to buy some downside protection with yield. I understand the “I’m worried so I’m sitting in cash” concern.
Credit: Getty Royalty FreeGetty Something is missing from your investment portfolio—Series I bonds. These federal savings bonds offer inflation and tax protection. Because brokers don’t peddle them, they are orphans, unwelcome and under-appreciated. That’s the compelling argument of Jason Lina, lead advisor at the Resource Planning Group in Atlanta: Larry Light: So in the words
Patisserie Valerie was rescued by Irish private-equity firm Causeway Capital Partners after an accounting scandal pushed the U.K. cake baker into insolvency. Causeway Capital struck a deal for the assets and business of the cafe chain’s parent Patisserie Holdings Plc, according to a statement. Causeway Capital and the bakery chain’s new management, led by Chief
Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.
An interview with billionaire and founder of Nike, Phil Knight. In this interview, Phil discusses how he got the idea for Nike and building the company into the succes it is today. Phil also talks about the traits needed to be successful and how he overcame many crises throughout his career. 📚 Books by Phil
National Taxpayer Advocate Nina Olson released her annual report to Congress on Tuesday, focusing on the harmful impact of the recent partial government shutdown on the Internal Revenue Service, its ability to answer taxpayer questions, and its aging computer systems. The release of the report itself was delayed by a month because of the government
Investors are often told that uncertainty is inevitable. No risk, no reward. Well, for those whose stomachs harden at the unknown, there’s some good news. A growing number of tools prepare you for the threats lurking around the market, from a trade war to climate change, by letting you test them out on your investments
As our lives have been getting longer and healthier – compared to prior generations – some people advocate doing away with the concept of retirement altogether. In support of that idea, increasing numbers of workers report in surveys that they expect never to retire, and not just because they can’t afford to but often because they
What’s unique about a 457 retirement plan? Getty A 547(b) plan is likely your main retirement savings option if you work for the state or local government, or certain non-profits such as a church. With a 547(b) things can be a little confusing because plans such as the 547(b) (and also 403(b) plans), typically get less attention. That’s a shame because
Florida’s Chief Financial Officer was quick to jump on Twitter Thursday, after Amazon.com Inc. scrapped its plan for a headquarters in New York City, reminding the company about the state’s tax policies and good weather. “We invite Amazon to learn what NYers already know: FL living is better!” Jimmy Patronis tweeted, just minutes after Amazon’s
A few years ago Dawn Donaghy and her husband, Raymond, made a decision that many residents in high-tax states make. They wanted to move. The couple, then residents of Old Tappan, New Jersey, a town less than 30 miles outside of New York City, loved where they lived. But Raymond’s three children were now adults,
President Donald Trump and New York Governor Andrew Cuomo will meet Tuesday to discuss a change in the 2017 tax law that limits how much a taxpayer can deduct for state and local taxes from the IRS bills, according to a statement from the governor’s office. Democrats and some Republicans in high-tax states like New
In order to reach your wealth-building goals, selecting the right kind of investment account is as important as choosing an appropriate asset allocation. By taking advantage of tax-favored accounts, millennial investors can supercharge their nest eggs. An often overlooked but powerful wealth-building tool is the health savings account. Contributions to an HSA are tax-deductible, and
The tendency when you feel like you are behind is to over-correct. Like when you are driving and hit a slick spot on the road in winter. Our initial reflex may be to crank the wheel the opposite way. Cranking your wheel can actually cause you to lose traction, making the situation worse. A safer
GettyGetty UK wealthtech Nutmeg recently completed a funding round of $58 million for global expansion co-led by Goldman Sachs. The move will likely see Goldman position Nutmeg alongside its retail savings platform Marcus. Schroders, the 200 year old UK asset manager was an early investor in Nutmeg. Last year, Blackrock took a stake in the
A number of accounting firms and related businesses have been named to Fortune’s 2019 “100 Best Companies to Work For” list. Fortune compiled its list using data from the annual Great Place to Work U.S. workforce study, which represented more than 4.3 million employees this year. Employees anonymously responded to more than 60 survey questions,
Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more
Retirement financing takes planning — and some clients need a lot of it. True, clients are probably more conscious of growing their retirement accounts than ever before. And yes, contribution limits for 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan increases are due to creep up again next year, but hardly