The U.S. Department of the Treasury building Julia Schmalz | Bloomberg | Getty Images Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses in 2022. ...
Tag: Social issues
Millionaires call on the global elite to tax them more
Protesters take part in a demonstration against the World Economic Forum (WEF) during the WEF annual meeting in Davos on May 22, 2022. Fabrice Coffrini | Afp | Getty Images A group of over 150 million...
Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty
Olga Shumytskaya | Moment | Getty Images A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. Th...
What to know about special needs trusts, from costs to finding help
Yagi Studio | Digitalvision | Getty Images Special needs trusts are essential for the well-being of a person with special needs, experts say. “The most important reason for a special needs trust...
House Democrats push for SALT relief in appropriations bill
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Despit...
Women are still paid 83 cents for every dollar men earn. Here’s why
Hinterhaus Productions | Stone | Getty Images The “gap” between how much money men and women are paid has long been a feature of the U.S. economy. While that pay differential has narrowed ...
Americans are stressed about money and finances, hurting mental health
Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americ...
Superrich IRS tax audits plunge over decade, government report says
The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The wealthiest Americans are getting their taxes audited at a far lower rate than they were over ...
‘I needed something to do’: How working in retirement is being embraced by older adults and companies
For many years, Georgia McManus of Waynesville, N.C., enjoyed her job writing commercial insurance policies for Stanberry Insurance and serving customers. Soon after she retired in 2018, McManus got a...
Crypto investor Barry Silbert offers sympathy and advice to those who have lost fortunes this week
Billionaire crypto investor, Barry Silbert, the founder and CEO of Digital Currency Group, on Saturday offered sympathy and advice to those who have lost fortunes recently. It’s been a tough six month...
Joe Biden asked to replace IRS chief Charles Rettig over tax document destruction
Charles P. Rettig, commissioner of the Internal Revenue Service, testifies during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Wash...
Here’s why inflation may be less costly for some retirees
A shopper at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Inflation is a growing concern as Americans spend hundreds more every month. But some retirees m...
Nearly seven in 10 Americans want to live to 100, study finds
Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to live to age 100, with 29 years as the “id...
Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock
Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...
Stacey Abrams on why companies shouldn’t always speak out on politics
Companies are under intense pressure to speak out on a variety of political issues at local, state and national levels. Whether it is police action in a city, Disney in Florida, or the likely wave of ...
Data broker SafeGraph stops selling abortion-provider information
People protest after the leak of a draft majority opinion written by Justice Samuel Alito, preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later thi...
Supreme Court leaked Roe v Wade draft: Companies keep quiet
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overtur...
Supreme Court ruling undoing Roe abortion case would spark state bans
Pro-life and pro-choice demonstrators during a protest outside the U.S. Supreme Court in Washington, D.C., U.S., on Tuesday, May 3, 2022. Al Drago | Bloomberg | Getty Images Up to 26 states, or about ...
Biden defends abortion rights after Supreme Court draft on Roe v. Wade
President Joe Biden on Tuesday reacted to a leaked draft of a Supreme Court opinion that would reverse the Roe v. Wade decision by calling on elected officials around the United States to protect wome...
Money decisions by women will shape the future for the U.S.
The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth ...
Leaked draft Supreme Court abortion decision would overturn Roe v. Wade
Supreme Court Police officers set up security barricades outside the U.S. Supreme Court in Washington, DC. Drew Angerer | Getty Images The Supreme Court is poised to overturn the constitutionally prot...
Foreclosure filings are up 132% from a year prior. Here’s what that means
What does the recent uptick in foreclosures mean for the housing market now? Getty Images When we were reading through real estate data this month, three stats caught our eye. The first: That the numb...
Most Americans still feel optimistic about retirement, survey finds
Ipggutenbergukltd | Istock | Getty Images Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as pr...
Denmark the first country to halt its Covid vaccination program
Health personnel are preparing injection syringes with Covid-19 vaccine in 2021 in Copenhagen, Denmark. the country has now announced it will suspend its vaccination program and will review whether it...
Americans view Asian nations as safer for travel now than 4 years ago
A new study shows American travelers view many Asian nations as safer travel destinations now than they did four years ago. South Korea, Singapore, Thailand, Japan, China and Vietnam rose in the annua...
88% of adults support mandating personal finance education
Most adults in the U.S. support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said...
These are the best and worst U.S. places to die, report shows
Your end-of-life experience may be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die. The report gave each sta...
Here’s why you may want to think twice about that early retirement plan
Kathrin Ziegler | DigitalVision | Getty Images Life may be short but early retirement might be, too, if you don’t have a solid financial plan for life after work. Whether it’s due to pande...
Cuts to unemployment benefits didn’t spur jobs, says report
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemploymen...
Major retailers boost Black female entrepreneurship as employment gap lingers
Ulta Beauty has doubled the number of Black-owned brands that it carries. Ulta Beauty Major beauty retailers are boosting small, minority-owned businesses as Black female entrepreneurship helps bridge...
Florida taxpayers could face a $1 billion debt bomb if dissolved
A view of the Walt Disney World theme park entrance on July 11, 2020 in Lake Buena Vista, Florida. Octavio Jones | Getty Images A bill that would repeal Disney’s self-government status in Florid...
Hit with an unexpected tax bill? It’s time to adjust your withholdings
Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say. Whether you’re a W-2 employee or self-emplo...