Hank Parrott is joined by tax expert Dr. Friday to discuss how you can optimize your retirement funds and the different kinds of taxes on retirement income on this episode of Retirement Report.
The Internal Revenue Service has proposed rule changes that could significantly impact how beneficiaries will manage inherited retirement accounts. The proposed regulations, which were published last month, caught some in the financial services industry by surprise, as they offer a … Continue reading → The post The IRS May Make Your Roth IRA More Valuable With This RMD Rule Change appeared first on SmartAsset Blog.
- Good Morning America
When Paige West decided to scale back the amount of effort she was putting into her corporate job, she joined growing workplace trend known as "quiet quitting." For West, the urge to focus more on her work-life balance and give less to her job came during the coronavirus pandemic, when she, like many workers around the globe, began working remotely from home. "I was really struggling with just the idea of a 9 to 5, especially when COVID hit and we were all working from home," said West.
Women Are Sharing The Worst Thing A Man Has Said To Them In A Professional Setting, And Unfortunately For My Blood Pressure, You Can't Make This Stuff Up
"I got engaged, and my male boss angrily said, 'Now you're just going to get pregnant and be useless.'"View Entire Post ›
You know you're supposed to save for life beyond your earning years, but how much? What's the least amount you need to retire and what's the plan to get there? If you can't rattle off the answers to...
I'm fuming for these people.View Entire Post ›
In your 20s, as you start your career and make real money for the first time, your spending changes. After living with your parents or in a college dorm, you can afford a place of your own and might...
(Bloomberg) -- Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant’s hiring and spending, according to people with knowledge of the matter.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat Hot SpotsBill Gates and the Secre
Your retirement benefit amount depends on how much you've earned over your lifetime at jobs for which you paid Social Security taxes -- and the age at which you claim. You can claim Social Security...
- Kansas City Star
I had two years of a pandemic to practice being at home, retired financial adviser notes
When Hwang Kwang-jo's factory in Seoul faced a staffing crunch earlier this year after the departure of Nepalese workers and younger locals, he hired a 61-year-old to pick up some of the work. While the job, which involves handling heavy alloy bars, is less than ideal for workers close to retirement, the pandemic has diminished South Korea's pool of foreign labour, forcing firms to widen the net. "It's incredibly difficult to fill vacancies, I never received any resumes from those in their 20s," said Hwang, chief executive at Iljin Enterprise, an aluminium moulding plant that usually employs about 35 people.
- Business Insider
Amazon-owned Whole Foods reportedly told managers that workers couldn't wear Black Lives Matter signage at work because it was 'opening the door for union activity'
An internal Whole Foods email shows it was worried that allowing employees to wear Black Lives Matter apparel could welcome union talk, per Bloomberg.
- Motley Fool
It's easy to see why the idea of early retirement is so appealing. You may decide you want to exit the workforce at a relatively young age so you can enjoy retirement while your body is still cooperative. The money you bring with you into retirement in your 401(k) or IRA needs to last as long as you live.
- The Columbus Dispatch
The lawsuit comes amidst a rash of car thefts involving certain Kia and Hyundai models in Columbus and elsewhere.
- Associated Press
A federal bankruptcy judge on Monday cleared the way for a defamation lawsuit in Connecticut to proceed against Infowars host and conspiracy theorist Alex Jones. The case was filed by relatives of some victims of the 2012 massacre at Sandy Hook Elementary School in Newtown, Connecticut. Jones has falsely claimed that the nation’s deadliest school shooting — which killed 20 students and six educators — was a hoax.
- Business Insider
Uber Eats driver says he only made a profit of 37 cents during a 4-hour shift because filling up his gas tank cost about the same as his earnings
The driver said he had to pay $30.60 for gas at the end of the shift. He told Insider that he wouldn't be doing any more shifts for the company.
- The Florida Times-Union
Sen. Marco Rubio hears from Jacksonville companies about supply chain challenges. Rubio defends vote against computer chip bill signed by President Biden.
- KABC – Los Angeles
Sen. Bernie Sanders expressed his support for a group of Amazon employees who walked off the job in San Bernardino.
- Business Insider
JPMorgan chief Jamie Dimon says China has 'serious issues' - and lays out what the US needs to do to push back against Beijing
"America needs to take a leadership position," Dimon told the firm's wealthy clients last week.
(Bloomberg) -- Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsT
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.