Financial related news.
NEW YORK (AP) — It’s been more than a year since the Dow Jones industrial average first crossed 20,000, and it’s already up another 30-plus percent as the stock market’s relentless rise to records keeps going. Few market watchers see a sharp reversal for stocks anytime soon, at least this year. But press them on [...]
NEW YORK (AP) — The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders. The bureau, which came under control of the Trump administration late last year, said in a statement Tuesday that it plans to take a second [...]
OKLAHOMA CITY (AP) — Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay for electricity and natural gas after a federal tax overhaul signed into law by President Donald Trump reduced the corpnorate income tax rate by 14 percent. The tax overhaul that went into effect Jan. [...]
Planning for retirement? You may want to consider hiring a retirement coach. And Retirement Options, a division of Columbus-based Career Partners International, provides certified coaches to assist people who plan to retire by exploring how it impacts various aspects of their lives including work, family, leisure, wellness and personal development. The company has a global [...]
One of the largest financial hurdles individuals face is planning for retirement. Aside from the common employer-sponsored plans such as 401(k) or 403(b), there are several other ways to save for retirement including brokerage accounts, annuities, real estate and small business ownership according to Investopedia, a financial education website. Brokerage accounts, unlike 401(k)s and IRAs, [...]
Life insurance death-claim payouts should abate the financial burden of high-net-worth individuals who wish to pass on their assets to their children in light of the estate tax cuts in the landmark tax recently signed into law. The coupling of such payouts with estate tax cuts should help ensure that assets remain in the family [...]
A 50 year old just getting started in earnest on a retirement savings plan shouldn’t preoccupy himself with the circumstance. Rather, he should get to it, financial planners say. Traditional magazines and online publications offer a number of steps that the professionals advise for prospective retirees who are late to the task. For those individuals [...]
WASHINGTON — If President Donald Trump and his Republican allies are right, the $1.5 trillion tax cut plan they sped into law last month will make individuals and businesses more prosperous. Paychecks will grow. Stocks will surge further. Consumers will spend more. The economy will accelerate. Critics counter that the tax plan will mainly enrich [...]
WASHINGTON — Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo. The tax measure that President Donald Trump signed into law distributes benefits [...]
WASHINGTON (AP) — It’s a Christmas gift the middle class might want to give back in a few years. The Republican tax overhaul bestows an initial infusion of cash on nearly every taxpayer next year. That extra income is likely to please millions of households, support consumer spending and perhaps give the economy a short-term [...]