Expanding Social Security is wise policy. Voting to expand Social Security is winning politics. Indeed, generations of Democrats won election after election by running on Social Security, a program that improves the financial security of working families across America. For decades after Social Security’s enactment, Congress improved and expanded the program, always increasing revenue to
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Reducing taxable income can help prevent taxpayers from climbing into a higher tax bracket or … [+] triggering the 3.5% Medicare surtax. Your AGI and MAGI also help determine your eligibility for tax credits, retirement contributions and other deductions. Getty For most taxpayers, there isn’t a magic bullet to reduce taxable income to the extent
Casa Encantada Front Entrance Simon Berlyn Bel Air has hit the stratosphere once again. Casa Encantada, the 60-bedroom home belonging to Gary Winnick (founder and chairman of Global Crossing, who has previously appeared on several of Forbes’ Wealthiest lists) has officially come on the market with an asking price of $225 million, as the L.A.
A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. Johannes Eisele | AFP | Getty Images China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago. Analysts polled by Reuters had expected China’s third-quarter
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become a business opportunity for U.S.
Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
John Lund | Getty Images Despite the red flags flapping for the economy, many Americans say they’re not financially prepared for the next recession. Two in 5 people say they’re not ready for an economic downturn in the next year, according to a new Bankrate poll. (Some 2,600 people were interviewed at the end of
Share to facebook Share to twitter Share to linkedin The broker wars continue, as big firms scramble to attract the next generation of young investors. ASSOCIATED PRESS Topline: After eliminating trading commissions earlier this month—which set off a rush among other brokers to do the same, Charles Schwab plans to offer clients the opportunity to
Getty Mrs. Jimmy Rogers of Houston, Texas, was disabled in 1996 in an aircraft accident while working for American Airlines. To this day she is unable to sit, stand, or walk for more than thirty minutes without extreme pain. After the accident, she applied for and received Social Security disability benefits. Four years later, she
150 Woodland Road Douglas Elliman The founder of sneaker giant Reebok has relisted his dream home in Massachusetts. Paul Fireman, together with his wife Phyllis, built their stately mansion at 150 Woodland Road (dubbed “Woodland Manor”) in 1999 on seven acres in the Boston suburb of Brookline, with the help of the international architecture firm
Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. Mike Segar | Reuters Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance
The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007. (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
A pedestrian walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Charles Schwab is yet again lowering the barrier to enter the world of trading stocks. The online broker will soon let its clients trade fractions of stocks, the founder and chairman told the Wall Street Journal in
Petri Artturi Asikainen | Getty Images Financial advisors do their best to counsel clients on sound approaches to financial decision making, yet no good wealth manager would claim to have a crystal ball. The only certainty is that no one can predict the future or time the market. Any advisor worth his or her salt
David Solomon of Goldman Sachs & Co. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon says the bank’s stake in WeWork is still profitable, even after the company suffered a number of valuation cuts and now faces a bailout crisis. “That was an investment we made a number of years ago
Couple getting financial advice Getty Images Financial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses. That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth
Hero Images | Getty Images Even if Medicare’s open enrollment period sounds like a big snore fest, you might sleep better next year if you take advantage of it. For the program’s 60 million beneficiaries, that yearly fall window — Oct. 15 through Dec. 7 — offers the chance to make changes that take effect
Sen. Bernie Sanders outlines a plan too eliminate $81 billion in past-due medical debt. Getty Eight million Americans file for bankruptcy annually due to medical expenses. Sen. Bernie Sanders (I-VT) wants to put an end to it. The idea, outlined by his campaign, centers around having the federal government “negotiate and pay off past-due medical
WESTERVILLE, OHIO – OCTOBER 15: Former Vice President Joe Biden speaks as Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA) look on during the Democratic Presidential Debate at Otterbein University on October 15, 2019.(Photo by Win Getty Images In a new report, my Urban Institute colleagues have estimated that a full-blown Medicare for All
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