Entrepreneurs hoping to pocket some tax deductions for 2019 shouldn’t forget a new 20% break.
The qualified business income or QBI deduction made its debut in 2018, a feature of the Tax Cuts and Jobs Act.
The...
The Federal Reserve’s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers.
After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial...
Few things in life are guaranteed. The old adage says only death and taxes are promised us. Besides that, the future is never guaranteed — even when you solemnly swear “’til death do us part.”
No one plans to get...
If you search the internet looking for how much cash you need to retire, you’ll find estimates ranging from $1 million to $10 million. That’s about as helpful as a mechanical pencil with no lead, particularly if your retirement savings are currently well...
There’s no more popular time than the end of a calendar year, or the start of a new one, to contemplate personal finances and resolve to do better. And there’s good news from investment giant Fidelity in this regard: An estimated 78% of Americans expect...
The practice of companies sending monthly retirement checks to their former workers is headed for extinction, and remaining pension funds are in tough financial shape.
Nearly two-thirds of pension funds are considering dropping guaranteed benefits to new workers within the...
Many workers spend the latter part of their careers counting down to retirement. This especially holds true among those who don’t really like their jobs, or find them mentally or physically demanding.
But in a Nationwide Retirement Institute survey, 26%...
In Austin Powers: International Man of Mystery, Dr. Evil famously tries to hold the world hostage for a ransom of $1 million. And if you asked most Americans what they’d need to retire comfortably, you might get the very same number — at...
There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions.
Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson,...
A new proposal in Congress aims to resurrect an old tradition: mailing Social Security statements to your home.
Since 2011, the Social Security Administration has cut back on the number of paper statements it puts in the mail in order...
