So, the ball dropped in Times Square, we all witnessed Anderson Cooper giggling, and now it’s time to make your New Year’s resolutions. Resolved – go to the gym every day, lose weight, and of course make estate planning New Year’s resolutions. Following is a list of various planning points that you may want to
Getty Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying a few hours after we ring in the New Year, many before we return to work in the new year. Social Security benefits are paid by the FICA tax, which is 12.4% of pay (split
A Kiawah River home typical of its Southern location. Photo courtesy of Julia Lynn As our society becomes more and more divided politically, people seem to want to connect more and find communities where they can interact with others in a friendly way. After living in a large isolated house for many years myself, I
An employee holds a jar of marijuana on sale after it became legal in the state to sell recreational marijuana to customers over 21 years old in Ann Arbor, Michigan. Illinois begins the legal sale of marijuana on Jan 1, 2020. Matthew Hatcher | Reuters Illinois rings in the new year on Wednesday by joining
Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months. Michael Nagle | Bloomberg | Getty Images Stocks surged in 2019, with the S&P 500 jumping about 29%, logging 35 record closes as market sentiment
If your New Year’s Day celebration ends up including a $220 million Powerball jackpot win, remember that Uncle Sam tends to be a party crasher. After more than eight weeks with no jackpot winner, the lottery game’s top prize has climbed to $220 million for Wednesday night’s drawing. And while the odds are stacked against
White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing
Rawpixel | Getty Images Rawpixel | Getty Images 1. Create a budget Not having a budget is probably what got you here in the first place. Keeping track of how much you bring in versus how much you spend is vital to prevent future budget busts. Some experts recommend looking at three to six months’
Share to facebook Share to twitter Share to linkedin The S&P 500 rose 29%, the best yearly return since 2013. Wang Ying/Xinhua News Agency/Getty Images Topline: The market boomed in 2019, with major indexes hitting numerous record highs as stocks posted their best annual return in six years, thanks to the U.S. economy’s moderate expansion
Getty Better late than never: The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile