Today’s Social Security column addresses questions about how high benefit rates can possibly be, whether there’s a Social Security benefit increase for caring for a disabled spouse and the accuracy of Social Security’s benefit estimates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
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Shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid to forestall an economic fallout. The U.S. federal government stepped in with a broad array of measures, including a $2.3 trillion package designed to support financial markets, state and
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The LGBTQ+ community has fought long and hard to gain the same marriage rights as heterosexual men and women. It took decades before marriage equality was widely accepted, when the U.S. Supreme Court ruled in 2015 in Obergefell v. Hodges that all 50 states must recognize same-sex marriage. More than a dozen states still have
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Global companies are used to operating and communicating across borders. They were also well-resourced enough to offer remote working to employees long before the pandemic and subsequent lockdowns made it a necessity. They ought, in other words, to be readier than most for a hybrid world of co-ordinated remote and in-person work. Before coronavirus hit,
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In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That
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Who’s Minding the Store? We’re seeing it more and more now at AgingParents.com: elders as landlords who can’t do the management job any longer. Sometimes it’s the adult children who bring the issue to our attention. They see Dad failing maintain those rental houses he has had for decades. If tenants complain, he does not
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Newly released transcripts of Federal Reserve policy meetings in 2016 show then-Governors Jerome Powell and Lael Brainard were quick to pivot away from planned interest-rate hikes in the face of risks posed by a stumbling Chinese economy. Both policy makers made clear in the year’s January meeting of the Federal Open Market Committee they believed
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A Roth IRA can be a great place to stash your retirement savings. Unlike a traditional IRA, you won’t have to pay income tax on the money you withdraw or be required to take a minimum amount from your account each year after you reach a certain age. What’s more, these retirement accounts are available
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The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to better understand the risks within the growing $2 trillion cryptocurrency market.  Speaking at the Transatlantic Finance Forum on the topic of “The Future of Crypto-Assets and Regulation”, Hsu pointed out the various venues —
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Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks to Block Cryptocurrency Websites Pakistan’s Federal Investigation Agency (FIA) is seeking to block websites
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As financial advisors, we like to think of financial planning as a series of discrete practices woven together—like budgeting, investment planning, insurance planning, retirement planning, estate planning, education planning, etc. But I don’t think that’s how non-advisors, and our clients, really see it. Consider for a moment: What are the typical triggers for someone reaching
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In 2021, the Dormitory Authority of the State of New York overtook the state of California for the top spot. New York City, the New York Metropolitan Transportation Authority, the Ohio Buckeye Tobacco Financing Authority, the New York Urban Development Corp., New Jersey and Massachusetts were ousted from the top 10 in 2021. All the
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