MIAMI, FLORIDA – JUNE 27: Democratic presidential candidates take part in the second night of the first Democratic presidential debate on June 27, 2019, in Miami, Florida. (Photo by Drew Angerer/Getty Images) Getty Images The second night of the Democratic debates marked a shift both in tone and topics. While the first night of the
Taxes
Getty Getty Retirees will collectively lose an estimated $3.4 trillion in potential retirement income, or an average of $111,000 per household, because they claimed Social Security at a financially sub-optimal time, according to new research out today by fintech United Income. That works out to a potential 9% increase in total expected future income, or
Three days ago, I posted a column showing that Social Security is mailing out wildly incorrect benefit statements. I say statements because I presume if the Social Security computer produced one crazy benefit statement, it produced a slew. The column discusses one bizarre statement, copying the relevant part. The statement tells the worker that if
When the city of Columbus, Ohio, submitted its bid to become Amazon’s HQ2, city officials rolled out the usual fanfare: an assortment of tax incentives, promotion of its major educational institutions and real estate deals. But the hallmark of its proposal was a pitch to create a smart city by “embracing the reinvention of transportation
Digital economy. Getty The G20 leaders are currently meeting in Japan to discuss closer economic cooperation, including in the domain of digital trade. At the preparatory G20 meeting of finance ministers earlier this month a notable progress was made towards an agreement on the reform of the international corporate tax framework. The proposed changes would lead
Photo credit: Getty Getty A health savings account (HSA) is an ideal way to set aside money for future health expenses. Any money you don’t use this year can be used in future years. If your HSA administrator allows, it can be invested so that it can compound and grow like an IRA. Unlike an
If you drive a car, I’ll tax the street, If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat, If you take a walk, I’ll tax your feet. —–TAXMAN – The Beatles – 1966 This is an apolitical statement: at Proficio Capital we believe with a high
Shutterstock If you actively trade securities, futures, forex or crypto, consider setting up a trading business to maximize tax benefits. With a sole proprietorship, a trader eligible for trader tax status (TTS) can deduct business and home-office expenses and make a timely Section 475 election on securities for tax loss insurance and a potential qualified
Unless you’ve been involved in a lawsuit, you may not know about structured settlements. You may have heard of them on late night TV. “It’s your money,” some TV ads will exclaim. “Cash in your structured settlement and use your money now!” These TV ads are from factoring companies that buy up lawsuit structured settlements, but how do
US Senator Bernie Sanders speaks during a press conference to introduce college affordability legislation outside the US Capitol in Washington, DC, June 24, 2019. Photo credit: SAUL LOEB/AFP/Getty Images) AFP/Getty Images Presidential hopeful Sen. Bernie Sanders (I-VT) has introduced a plan to cancel all U.S. student loan debt. The debt, which currently totals $1.6 trillion,