Prasert Krainukul If you think that Republicans and Democrats can’t see eye to eye these days, try sitting in a room with financial professionals who are for and against annuities. The inability to agree is real. And both sides hold steadfast to their positions. Annuities are insurance or investment contracts that give investors regular payments
Couple celebrating with sparklers at the beach Getty If you’ve been holding the Cohen & Steers Quality Income Realty Fund (RQI)—a fund I wrote about a lot in 2019—you’ve done very well indeed. RQI has dominated, with its market-price return surging 51.9%, including gains and dividends, since the start of 2019. So today we’re going
Getty The Internal Revenue Service has announced that it has reached an agreement with Free File, Inc. (FFI). According to the IRS, the deal will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several key areas. (You can read the agreement, which downloads as a PDF, here.) “This updated agreement is part of a larger
Anna in “Frozen II.” Disney Disney has continued its domination of the 2019 box office into 2020. On Sunday, “Frozen II” became the highest-grossing animated film of all time. With a $1.32 billion haul since its release in November, “Frozen II” has surpassed “Frozen” as the top animated film at the global box office. “Disney’s
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters 1. Wall Street’s 2019 rally set to continue in 2020 U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019. As of 7:50 a.m. ET, Dow Jones
For older Americans, required minimum distributions from retirement accounts are undergoing a bit of a makeover. On top of the age rising to 72 from 70½ for when those annual withdrawals must begin — effective this year, due to congressional approval of the Secure Act — updated life expectancy tables proposed by the IRS for
Job seekers wait in line for a job fair June 4, 2009 in Chicago, Illinois. (Photo by Scott Olson) Getty Images Right now I am attending meetings hosted by the American Economic Association in San Diego, a conference that is basically Mecca for academic economists. Disturbingly, there are a lot of sessions on whether we
Maravilla Club Lap Pool Joe Fletcher With two of Cabo’s finest swimmable beaches, a championship golf course, private campsites and a slew of amenities, the 1,400-acre Twin Dolphin Los Cabos community is easily the most exclusive real estate in Cabo. Homeowners include some of the biggest names in tech and sports and the casual, fun-loving
CNBC’s Jim Cramer on Friday, the second trading day of 2020, reviewed last year’s best performers on the Dow Jones Industrial Average and gave his predictions for the current trading year. The Dow, alongside the other two major indexes, surged double digits in the banner year of 2019. The 30-stock index of blue-chip companies gained
Interest rates should stay where they are as long as inflation remains tame, Chicago Federal Reserve President Charles Evans said Friday. “We really need to keep our eye on inflation,” the central bank official said. “And unless it starts to go up to something that is consistent with our 2% symmetric inflation objective, I think