Starting this year, high-income Americans age 50 and older face a change in how they can make additional contributions to their retirement plans, with new rules requiring some to pay taxes on those funds early. New Donation Rules Under the new law, introduced under the SECURE 2.0 Act of 2022, workers age 50 or older … Read more
© ANDRANIK HAKOBYAN / Shutterstock.com A C-suite executive who retires at age 62 with $1.8 million in a 401(k), $400,000 in RSUs, a nonqualified deferred compensation (NQDC) plan still paying, and a business account full of appreciated assets has no retirement income problem. The problem is that each property has a different tax treatment, and … Read more
QPerhaps the most well-known author on the oil markets is Daniel Yergin. His work has won a Pulitzer and his advice is sought after by every president from Bill Clinton to Donald Trump. Let’s start by looking at an example. Fifteen years ago, before the US and Israel started their war against Iran, killing thousands … Read more
People walk through downtown Detroit on April 19, 2025. Dominic Gwinn | Afp | Getty Images Social Security is the largest social insurance program, paying about 75 million Americans every month. However the program is facing an imminent funding shortfall. The Social Security fund for pension benefits could run out by 2032, which could result … Read more
Less than 10% of working Americans live with their parents, according to data from 2020 and 2022 from the Employee Benefit Research Center. Among them, more than one-third cover all living expenses in full, such as mortgage payments, rent or utilities. And that can cause financial problems. Samita Thephasit, research assistant at EBRI wrote in … Read more