When it comes to retirement accounts and taxes, the question isn’t so much whether income tax will need to be paid, but rather, when income tax will need to be paid. Accordingly, solid tax planning generally means trying to accelerate the taxation of income that would otherwise be taxable in future years into the current
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The United States Senate rejected the new stimulus proposal on Sep.10, which did not include a new round of $1,200 checks. However, this boosts the chances of a new proposal with individual checks getting approved, and could serve as a catalyst for Bitcoin (BTC). Why was the stimulus proposal rejected, and why could it be
Putting extra cash towards your mortgage doesn’t change your payment unless you ask the lender to … [+] recast your mortgage. getty If you have extra cash and are considering putting it towards paying down your mortgage early, you should be aware that it won’t automatically reduce your payment. Putting extra cash towards your mortgage
Eric Smith and his sons, Kyree, 6, (left) and Corey, 8, (right). Source: Eric Smith When the Centers for Disease Control and Prevention announced last month that most evictions nationwide were banned until the end of December, it came as little relief to Eric Smith. All the single father can think about now is what will
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to
Municipals were mixed Thursday as the market searched for direction, with short yields slipping while longer dated yields rose as large negotiated deals from issuers in Oregon, Texas and Georgia came to market. Meanwhile, municipal CUSIP request volume decreased in August for the second month in a row. Available cash is keeping inflows steady in
We start with considering how interest is credited to fixed index annuities, since this is the area that differs the most from variable annuities. Since FIAs are fixed annuities, crediting interest is the technical term for the returns generated by the contract value. As with variable annuities, it can be difficult to provide a standard
Silver 4 Hour Price Update Updated September 11, 2020 07:18 AM GMT (03:18 AM EST) 26.92 was the closing price of the four-hour candle for Silver, resulting in the current 4 hour candle being one in which price moved down 0.39% ($0.1) from the last 4 hour candle. Relative to other instruments in the metals
Antifa has become a pseudo-fascist tool in the Color Revolution underway, as part of a coup against the executive branch’s administration, and the massive… by Joaquin Flores via Strategic Culture Foundation [embedded content] Antifa has become a pseudo-fascist tool in the Color Revolution underway, as part of a coup against the executive branch’s administration, and
Apparel sales took a huge hit due to the temporary closure of retail stores amid the pandemic-led lockdowns. Even after the gradual reopening of global economies, the apparel industry is struggling as consumers are cutting down on their discretionary spending amid challenging macroeconomic conditions. One favorable outcome amid the current crisis was the rise in
by Charles Hugh-Smith While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart. How will the status quo collapse? An open conflict–a civil war, an insurrection, a coup–appeals to our affection for drama, but the more likely reality is
Finally attaining the home of your dreams—or any home—doesn’t mean it will be safe from foreclosure. A crisis could come that puts you at risk for foreclosure, especially if your dream house entails big mortgage payments. If your home is at risk of foreclosure, the problem should be addressed immediately—one wrong move could spell disaster.
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking
Guy Gaeta is normally surrounded by dozens of foreign backpackers, busily picking cherries and chatting away in several different languages. But this harvest his orchards remain worryingly quiet after the world’s toughest Covid-19 travel restrictions caused a shortage of workers. “If we can’t get the backpackers in then the horticulture industry will be brought to
Working from home sent shares of the connected fitness group Peloton to a record high in after-hours trading. Peloton said revenues in the three months ending June 30, its fourth fiscal quarter, grew 172 per cent from a year ago to $607.1m. A sell-off in US stocks resumed on Thursday, as Congress failed to make
UBS will offer sustainable investments as its preferred solution for wealth management clients worldwide as the COVID-19 crisis underscores the need for more socially and environmentally responsible financing. “The pandemic has brought the vulnerability and interconnected nature of our societies and industries to the forefront of investors’ minds and shown that sustainability considerations cannot be
Ethereum’s economic metrics are strengthening as transfer value and ERC-20 market capitalization continue to build momentum. Research by on-chain analytics platform Santiment has revealed that the market capitalization for all ERC-20 based tokens has flipped that of Ethereum itself. It added that it is currently the all-time highest market cap differential of ERC-20 coins over
Despite growing support, cryptocurrencies have yet to see mainstream implementation in the US economy. Many people and regulatory agencies are unsure of what to do with crypto, stalling its adoption. California has made some significant strides in this regard recently, setting an example for the rest of the nation. California is no stranger to embracing
Firefighters work to protect homes in Boulder Creek, Calif., on Friday, August 22, 2020. (Photo by … [+] Dylan Bouscher/MediaNews Group/The Mercury News via Getty Images) MediaNews Group via Getty Images Just before the CZU August Lightning Complex wildfire devastated the area, realtor Lance Hulsey listed a house just outside Big Basin Redwoods State Park.
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Mortgage rates just set another new low, and that means the number of borrowers who could benefit from a refinance hit a new all-time high. The average rate on the 30-year fixed mortgage fell to 2.86% for the week ending
Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media, and then disappeared without a trace. Crypto investor and analyst Cryptowhale
By Richard Eisenberg, Next Avenue Managing Editor getty Getting rid of stuff that’s taking up space in your home can be tough — even for money experts. That was made painfully clear on the new episode of the “Friends Talk Money” podcast I co-host with Terry Savage (personal finance syndicated columnist and author of “The
Chicago took initial steps Thursday toward what may shape up to be a long-term $8.5 billion program to replace lead-based water service lines in the city. Mayor Lori Lightfoot, joined by members of her water management and health departments, put forth several modest programs with limited costs and said it was too early to talk
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – International trade is a critical component of the global economy that gold investors should keep an eye because this will be a
The recent news of an adverse reaction suffered by a participant in AstraZeneca’s Covid-19 vaccine candidate’s clinical trial demonstrated that getting an approved vaccine to market is no straight forward matter. What the unfortunate event also shows, is that the race to be first across the finish line with a viable solution is far from
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Check out the companies making
by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: The washout-low price move in FANG stocks may present a needed rotation in price before another upside move sets up. Tweezer Bottoms pattern and RSI pennant formation suggest very clear support levels. Watch how Volume and the VIX pick up over the next few days, and how price reacts
Gaming in the form of video games, eSports, and online gambling has soared in popularity as users worldwide stay at home due to the COVID-19 pandemic. Investors seeking exposure to this trend can find several exchange-traded funds (ETFs) that hold baskets of gaming stocks. These gaming ETFs include funds that hold stocks for video games
CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank. “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets. Fraser is set to
Brussels told the UK on Thursday to immediately scrap its plans to override Britain’s Brexit treaty or face legal action, in a sharp escalation of the two sides’ dispute over the measures. In a terse statement, the European Commission handed Britain a deadline of the end of September to withdraw its planned internal market bill.