In 2020, when the world suddenly ground to a halt, most people postponed or canceled all of their plans due to the coronavirus crisis. Many were issued vouchers or credits good for a future date. Now, one year later, those credits have likely expired — or are about to. More than half of all adults, or
Today’s column addresses questions about whether it’s always best to wait until full retirement age to take survivor’s benefits before switching to retirement benefits at 70, how the earnings test is applied this year and benefit amounts for disabled adult children. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
The first three months of 2021 saw the strongest quarter for Hamptons home sales in six years, continuing the trend of suburbs and rural vacation areas seeing record growth and a lack of inventory during the pandemic. There were 509 home sales in the Hamptons, up nearly 50% from 343 sales in the first quarter
SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
Earlier this week, the Washington Post reported on some initial details on the American Families Plan, the third of the Biden administration’s massive spending bills, expected to be unveiled next week, and following on the American Rescue Plan already passed and the American Jobs Plan of infrastructure and social spending. The proposal is expected to
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — Chinese President Xi Jinping called Thursday for countries to work together, while respecting their different responsibilities on reducing carbon emissions. Xi made the remarks at a U.S.-led climate summit. The Chinese leader’s roughly five-minute remarks via video conference were the first from the
Christine Lagarde, President of the European Central Bank (ECB), addresses the media during a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on December 12, 2019. Daniel Roland | AFP | Getty Images Christine Lagarde, the president of the European Central Bank, paid tribute to
Mayors in blue states are lining up with Democrats in Congress to pressure the White House into restoring a tax break that was significantly reduced by former President Trump’s tax reform. On Wednesday, Rep. Thomas Suozzi (N.Y.) joined officials from Albany; Columbia, S.C.; Philadelphia and San Diego to call for a repeal of the rule
Mint Images – Tim Robbins Repealing the $10,000 state and local tax deduction cap is likely to have uneven results for Americans. In fact, Black families are 42% less likely and Hispanic families are 33% less likely than white ones to see a tax break from a SALT cap repeal, according to a recent analysis
Zoom, Microsoft Teams, Google Meet, and many other similar services have rapidly become staples of the real estate and larger business worlds. We have all learned to videoconference. But videoconferencing may produce some awkward surprises if we aren’t careful. Videoconferencing software often allows the conference to be recorded. Once recorded, the resulting data files can
Medical oxygen cylinders at a charging station during the second wave of Covid-19 pandemic. Naveen Sharma | SOPA Images | LightRocket | Getty Images India reported a record number of daily Covid-19 cases on Thursday as the country’s second wave of coronavirus shows no signs of slowing down. There were 314,835 new cases and 2,104
In this article BYD Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines at this year’s Shanghai Auto Show, but China’s BYD — which
The U.S. Centers for Disease Control and Prevention cleared vaccinated Americans to travel again, but some immunized travelers remain on the fence about making summer plans. Is it finally safe to fly? What about visiting unvaccinated relatives or traveling with young children? CNBC Global Traveler asked medical professionals — all of whom are
In this article JNJ US President Joe Biden makes a statement of a police shooting in Minnesota in the Oval Office of the White House after a meeting with members of Congress about the American Jobs Plan April 12, 2021, in Washington, DC. Brendan Smialowski | AFP | Getty Images President Joe Biden on Wednesday
Jamie Grill | Getty Images The IRS may start issuing monthly payments of the enhanced child tax credit as soon as July. But some recipients may have to pay back a portion of those funds at tax time next year. The American Rescue Plan directed the federal government to issue advance payments of the child
New York Attorney General Letitia James has weighed in on the low-income housing tax credit Year 15 struggle. In cooperation with James E. Johnson New York City’s Corporation Counsel, she has filed an amicus brief supporting RiseBoro Community Partnership (RiseBoro) in its litigation with AIG affiliate, Sun America Housing Fund 682, over ownership and control of 35
The University of Illinois Urbana-Champaigns’ Solar Decathlon 2020 entry, focused on a growing market of young professional homeowners seeking an affordable home that can adapt to their growing needs. The house was called the ADAPTHAUS because the team designed the house with several features that can be altered to function for multiple purposes and be
In this article KSU The bidding battle for railroad operator Kansas City Southern demonstrates that investors can still find undervalued stocks in the market, CNBC’s Jim Cramer said Wednesday. The “Mad Money” host said he understands those who are concerned about a generally frothy environment, pointing to the exploding interest in the cryptocurrency dogecoin, NFTs and SPACs
Your estate plan needs an up-to-date power of attorney (POA), but it also needs more. The power of attorney (POA) is essential for every estate plan, but it often is oversold by estate planners. The shortcomings of POAs aren’t well-known and could bite you or your heirs without proper preparation. You and your heirs need
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