Have you heard the saying, the rich get richer? It’s more than just a saying. One of the reasons they do is because they have access to programs not available to the average person. 401(k) news headline in center of torn dollar bill Getty One of them is the “$100 million 401(k) plan” that’s popular
Taxes
No one is a fan of PG&E right now, as Californians face the twin dangers of fires v. blackouts. As PG&E is cutting power again to vast numbers of businesses and consumers in what could be the biggest deliberate blackout ever, the bankrupt utility is drawing even more criticism. Despite the protection of the bankruptcy
NEW YORK, NY – DECEMBER 19: Protestors demonstrate against the 2017 tax bill about to be passed by a … [+] Republican congress on December 19, 2017 on Wall Street in New York City. There were 15 voluntary arrests. (Photo by Andrew Lichtenstein/ Corbis via Getty Images) Corbis via Getty Images With all the problems
Getty There are almost 75 million Baby Boomers—those born between 1946 and 1964—in the U.S. today. Approximately 10,000 of them retire each day. That’s a lot of potential people taking required minimum distributions (RMDs) who may not need them. After age 70 ½, an RMD must be withdrawn from your traditional IRAs and 401(k)s each
NORFOLK, VA – OCTOBER 18: Democratic Presidential Candidate Sen. Elizabeth Warren (D-MA) speaks … [+] during a town hall event. (Photo by Zach Gibson/Getty Images) Getty Images Democratic presidential hopeful Elizabeth Warren says she’ll disclose her plan to pay for universal, public health care within the “next few weeks.” But finding the $32 trillion she’ll need
Economic Security Planning, Inc. Today’s column addresses whether dividends and interest are subject to the Social Security earnings test, spousal benefits before retirement benefits, public pensions and restricted applications, retirement benefits before spousal benefits and restating after suspending a retirement benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
The robots are coming for the tax planners, but from what I can see, we will probably last longer than the truck drivers. This is my tentative conclusion from poking around with Blue J Legal’s Tax Foresight. I spoke with CEO Ben Alarie about the company and the product. Then he had his team give
High five to the smart business owner who uses a Solo 401(k) to lower the taxes on their S-Corp. Getty Nobody likes paying more taxes than they need too. Small business owners are lucky to have many opportunities to keep more of their hard-earned money through expert tax planning. One of the biggest ways to slash
Share to facebook Share to twitter Share to linkedin “Let someone else fight over this long blood-stained sand,” Trump said. Mark Wilson/Getty Images Topline: Hours after Russian troops advanced further into northern Syria, President Trump announced on Wednesday that he will lift U.S. sanctions on Turkey after the country stopped hostilities and complied with a
Share to facebook Share to twitter Share to linkedin Trump’s infamous 5th Avenue shooting statement was made in 2016 and was invoked by one of his … [+] lawyers Wednesday. Tom Pennington/Getty Images Topline: As President Trump continues to fight efforts the obtain of his tax returns, a lawyer representing him in court argued that