Despite the market turmoil in December, many of Wall Street’s top analysts remain bullish for 2019. A CNBC survey found that the average strategist sees the S&P 500 ending next year above 3,000. That move would be a gain of more than 20 percent from current levels. That would be welcome news to investors, with
Sun Belt states such as Florida or Arizona may beckon some people in retirement, but fewer than you’d think. It turns out most people say they’d like to grow older at home, according to a study from Retirement Living, a website that aggregates retirement resources. Moving to an assisted living facility is a last resort.
Photo credit: GettyGetty Many of you don’t need an investment manager. Others are paying hefty fees for a service different than the one you think you are getting. Before giving up a good chunk of your future wealth, consider what your actual needs are before deciding how to proceed. “You: Identity, Anxiety, Money” The above
The U.S. Capitol stands past “Caution” tape in Washington, D.C., U.S., on Thursday, Dec. 20, 2018. Photographer: Andrew Harrer/Bloomberg© 2018 Bloomberg Finance LP Talk about ending the year on a low note. “Poor me,” President Trump lamented from his perch alone in the White House, apparently waiting for funding for his border wall, which might
Big bank shuffle; tax fraud smoked; asphalt, trees and evasion; and other highlights of recent tax cases. Ridgefield Conn.: Restauranteur Bruno DiFabio, 49, has pleaded guilty to filing false income tax and payroll tax returns. According to court documents and statements in court, DiFabio has had various ownership interests in several pizza restaurants in Connecticut
To the extent that investors are nervous about the U.S. economic outlook — reflected in a broader market dancing on the edge of a bear market — Wall Street analysts seem curiously bullish in their 2019 forecasts. Last week, volatile trading pushed the Dow Jones Industrial Average to its worst week since the 2008 financial
Everyone has a kitchen drawer that accumulates packets of duck sauce, random pliers, rubber bands, old batteries and pens that don’t write. Most people also have a financial junk drawer, says Amanda Priebe, a certified financial planner and wealth strategist at PNC Wealth Management. It’s a welter of unfinished financial goals and possibly some secrets.
Annuities in Retirement Planning(c) cantockphoto/everin An annuity is a stream of monthly income guaranteed for life, starting immediately or deferred to a specified time in the future, in exchange for an upfront lump sum payment. For example, a woman of 65 investing $500,000 can receive about $2700 a month starting immediately, $3900 starting in 5
Getty It’s the ninth day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today’s charity is Truth Be Told. Truth Be Told’s programs, which are designed by women,
The Internal Revenue Service issued a set of proposed regulations Thursday on the base erosion and anti-abuse tax, or BEAT, for multinational companies that was included in the Tax Cuts and Jobs Act. Image: Bloomberg News Last December’s tax overhaul added section 59A to the tax code, but the hastily written provisions have perplexed many
Donations generally pick up as the holidays approach; this year could be an exception. Because of the recent tax changes, most taxpayers won’t be able to claim a deduction for their charitable contributions — and if they can get a break, most won’t get as much of a tax savings on the dollars that they
Buyer’s remorse may be easy to remedy this holiday season — just remember to mark your calendar. Retailer return policies are more apt to fall on the “nice” list rather than “naughty,” according to a new report from advocacy site ConsumerWorld.org, which has studied store return policies around the holidays for the past 15 years.
Source: Stock.Adobe.com What’s happening, and what to do about it Source: YCharts.com This is not supposed to happen at this time of year…at least that’s what they told you on TV. Earnings were great, the economy is great, the Fed is in control, all that tariff nonsense will blow over, and Santa is coming…what could
Estate planning, buy-sell arrangements, trusts, prenups, are all intertwined, and affected by the 2017 Tax Act, in odd ways. 199A, Trusts, Prenuptial Agreements, and Estate Plans Are All Intertwined. photo credit: GettyGetty Your estate planning, including business buy-sell arrangements, trusts, prenups, are all intertwined, and all affected by the 2017 Tax Act, often in surprising and
The Global Reporting Initiative released a draft reporting standard Thursday on taxes and government payments by companies in an effort to provide more transparency around corporate tax practices. The proposal comes in the wake of a number of international tax-related scandals, including the release of the Panama Papers and Paradise Papers, leading to greater demand
President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
How much people borrow to attend college can become just a small share of what they wind up owing. Currently, fewer than a quarter of student loan borrowers are repaying their principal, or the amount they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid.
American families worried about their retirement security will need more and better paying jobs. The Tax Cuts and Jobs Act of 2017, which was signed into law a year ago, was supposed to bring both thanks to massive cuts in corporate taxes. But the data show that neither a lot of extra jobs nor the
Getty It’s the eighth day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today’s charity is The Children’s Organ Transplant Association (COTA). Currently, nearly 2,000 children under the age
Critics of President Donald Trump’s tax law centerpiece — slashing the corporate rate — argued the savings wouldn’t spur big companies to expand dramatically. One year later, some key metrics show they were right. For companies in the Standard & Poor’s 500 Index, the profits they’ve made from sales this year through September — after