Yahoo Finance Plus Sam Bankman-Fried will head to court on Oct. 3, facing charges related to fraud and conspiracy. The FTX founder has pleaded not guilty and awaits his trial in jail. "CoinDesk Daily" host Jennifer Sanasie breaks down what former colleagues are set to testify against the 31-year-old who was once known as crypto's white knight.
A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.
The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.
Buying Twitter was the biggest gamble of Musk's career. Now he — and his empire — are cracking under the pressure.
Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.
It’s year-end and Tesla is in the midst of its final push to meet Wall Street expectations for a record quarter. Instead of price cuts, Tesla is using a new tool to move metal: Incentives. Barron’s looked at incentives on Tesla vehicles in inventory.
Payback is hell. In a turn of the tables, job seekers are increasingly ghosting employers. That’s according to a new report by Indeed, the online job search platform.
If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.
US oil companies are boosting their budgets, and production forecasts indicate new record highs in output next year.
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
The share of first-time homebuyers who received down payment gifts or loans from relatives or friends during the homebuying process in 2023 was 23%.
As much as $1.2 billion is at stake in a lawsuit filed against Berkshire Hathaway by the Haslam family company Pilot Corp.
(Bloomberg) -- The most important question facing the economy and financial markets next year is not whether the Federal Reserve will cut interest rates. It’s why.Most Read from BloombergPenn Leaders Out After Genocide Response, Alumni PressureGlobal Rate-Cut Standoff Looms in 2023 Policy FinaleApps That Use AI to Undress Women in Photos Soaring in UseFed Starts to Confront the Next Big Question: Why to Cut RatesWith inflation having fallen dramatically from multi-decade highs last year, rate re
Top stocks to watch this week include AI stocks Nvidia and Snowflake, which are within striking distance of buy points.
Two years after being told they’d never be “be forced to return to an office”, Nationwide’s 13,000-strong workforce have been slapped with an RTO mandate.
I'm 55 and would like to retire now with a $3 million total net worth. I'm assuming my net worth will grow, on average, 5% until I’m eligible for Social Security. My house is paid off and my lifestyle is simple. I can live with $5,000 per month. Am I making the right decisions? – […] The post Ask an Advisor: I'm 55 With a $3 Million Net Worth and $5k in Monthly Expenses. Can I Retire Now? appeared first on SmartReads by SmartAsset.
The recent surge in interest rates that sent bond yields near a 15-year high is the “single best economic and financial development in 20 years” for retirees, said Joe Davis, global chief economist at Vanguard. With current yields on 10-year U.S. Treasury notes at 4.23%, boomers, ages 59 to 77, have reason to move money into the more conservative investments. This moment presents new opportunities for investors in or near retirement to use bonds to reduce risk and generate steady income, financial advisers say.
As millennials and Gen Z-ers inherit an estimated $60 trillion in wealth in the coming decades, these are the brands they may be inclined to spend on.
PSP Investments sold out of its Palantir position, slashed a stake in AT&T, and bought more shares of chip makers Intel and Nvidia.
Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
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