Buying a house can be a terrifying ordeal. At any point of the closing process, something could go awry: the seller backs out, the inspection finds something that needs intensive repair, or the bank may not approve your mortgage application. Once all is said and done and the deed is signed, surely that means that… More
Ecuador’s newly sworn-in President Guillermo Lasso. He allegedly transferred assets to trusts in … [+] South Dakota in 2017 amid reports that questioned his interests in a bank in Panama. (Photo by Cristina Vega RHOR / AFP) (Photo by CRISTINA VEGA RHOR/AFP via Getty Images) AFP via Getty Images In recent decades, South Dakota has… More
With the tax talk out of Washington indicating a hike in income tax rates as well as capital gains tax rates, I am getting more questions about strategies to reduce taxes. Unfortunately, if your goal is to find ways to reduce taxes, many loopholes have already been closed. However, there is one strategy that has… More
A major settlement agreement has been reached in a long-running lawsuit brought by student loan … [+] borrowers against the U.S. Department of Education for failures associated with the Public Service Loan Forgiveness (PSLF) program. Getty A major settlement agreement has been reached in a long-running lawsuit brought by student loan borrowers against the U.S.… More
WASHINGTON, DC – OCTOBER 08: U.S. President Joe Biden delivers remarks in the South Court Auditorium … [+] in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Getty Images A week ago, the Biden administration announced that it will be enacting transformational changes to Public Service… More
How much will you pay in Social Security taxes and how much will you get in benefits? getty The Social Security Administration announced key numbers today that affect workers and retirees—a substantial increase in the taxable wage base for workers and the biggest increase in benefits for retirees in decades. First the wage base news. The… More
NEW YORK, NY – MAY 10: Rihanna launches global lingerie brand, Savage X Fenty at Villain on May 10, … [+] 2018 in New York City. (Photo by Kevin Mazur/Getty Images for Savage X Fenty) Getty Images for Savage X Fenty Rihanna’s Savage x Fenty lingerie brand is bringing all the smoke to Victoria’s Secret… More
WASHINGTON, DC – OCTOBER 08: U.S. President Joe Biden delivers remarks in the South Court Auditorium … [+] in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Getty Images Last week, the Department of Education announced huge changes to Public Service Loan Forgiveness (PSLF), a troubled… More
Tax planning is an essential part of running a business. It is incredible how many high-income … [+]e business owners are unaware of the tax savings they could get from a cash balance pension plan. getty Tax Planning is an essential part of being a business owner. As your income grows, the options may seem… More
Most legal settlements are taxed, but there is often flexibility and the wording matters. Even legal malpractice settlements are usually taxed. The latest example is Carol Holliday v. Commissioner, T.C. Memo. 2021-69, on the heels of several other recent cases. In McKenny, McKenny v. United States, No. 18-10810 (11th Cir. 2020), aff’g in part, rev’g… More
TOPSHOT – An investor looks at screens showing stock market movements at a securities company in … [+] Beijing on January 8, 2016. Chinese equities led another day of volatility across Asia on January 8 as investors were panicked by Beijing’s attempts to stabilise its beleaguered markets, with fears growing the global economy could be… More
KIRKLAND, WA – AUGUST 24: Deborah Trigueiro reacts to seeing her husband Douglas Smith at the Life … [+] Care Center (Photo by Karen Ducey/Getty Images) Getty Images When Washington State legislators approved a public long-term care (LTC) insurance program in 2019, they made a last-minute change: Residents could opt out if they purchased private… More
US President Joe Biden on October 5, 2021. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS … [+] KAMM/AFP via Getty Images) AFP via Getty Images The Biden administration this week announced sweeping changes to Public Service Loan Forgiveness (PSLF), a key federal student loan forgiveness program that has been mired in problems and… More
. This week, we cover AAII’s strategy that focuses on the Dreman screen, which attempts to avoid the behavioral traps of the market by following the principles of contrarian investing. David Dreman has long studied the psychological underpinnings of the overall stock market and its impact upon valuation levels. Unlike the rational market assumed by… More
President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images Student loan forgiveness gets major overhaul, but here are 3 things that are missing. Here’s what you need to know. Student Loans President Joe Biden delivered more student loan forgiveness today through a major overhaul of the Public Service Loan Forgiveness program. The U.S. Department… More
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