Tag: Regulation/Government Policy

‘You would have to tread very carefully’: Like Peter Thiel, you too can turn your Roth IRA into a pot of gold — with some serious caveats

Peter Thiel transformed a tiny Roth IRA worth approximately $2,000 into a $5 billion tax-free behemoth, according to an article from the investigative news site...

U.S. state budgets will tick up in 2022, report finds

The coronavirus shock wasn’t nearly as bad as feared for U.S. state fiscal health, but there have been wide disparities among state experiences, with 2022...

A Covid-19 Silver Lining in Latin America: Millions of New Bank Accounts

RIO DE JANEIRO—The pandemic has pummeled Latin America and plunged many people into poverty. But the finance sector has reaped an unexpected windfall: Tens of millions in Latin America...

Biden’s long-term spending plans ‘are not about overheating the economy,’ says White House adviser

Top White House economic adviser Brian Deese on Wednesday defended some of the Biden administration’s long-term spending plans, characterizing the proposed outlays as not connected...

How to claim the child tax credit if you don’t file taxes — payments start July 15

Weeks ahead of the first monthly payment to millions of families under the expanded Child Tax Credit, federal officials are trying to make sure as...

How much income tax will Biden and Harris pay under their proposed hikes? These accountants say they’ve found an answer

President Joe Biden has been touting his proposed tax hikes on the rich by saying they need to start “paying their fair share.” If his...

To Roth or not to Roth? Part II

I have advice for those of you who would dare to question the conventional wisdom about Roth conversions to your 401(k)s or IRAs: Be prepared...

Palestinians Scrap Pfizer Vaccine Swap With Israel

TEL AVIV—The Palestinian Authority on Friday pulled out of a swap of Pfizer -BioNTech Covid-19 vaccine with Israel, citing concerns about the quality of an...

‘Transformative’ money or just plugging budget gaps? Local governments discuss federal stimulus plans

As billions of dollars of federal stimulus money works its way to U.S. state and local governments, the people in charge of figuring out how...

CDC aligns with WHO on delta COVID variant; experts warn of higher risks of infection and serious illness

The Centers for Disease Control and Prevention has reclassified the delta variant of COVID-19 as one “of concern,” underscoring how much more prevalent the B.1.617.2 variant...

This is where older Americans find the most happiness

Ready for this one? Good things came out of the pandemic. A new study “The Four Pillars of the New Retirement: What a Difference a...

Court upholds Houston hospital’s mandatory COVID-19 vaccination policy — workers can refuse vaccine, but ‘will simply need to work somewhere else’

A Texas hospital system’s mandatory COVID-19 vaccination policy for employees can stand after a federal judge on Saturday dismissed a closely watched lawsuit from workers...

Opinion: Stock investors have come to a fork in the road — and their options are limited

The coronavirus pandemic has been excellent for investors, but most now realize that the stock market’s extraordinary performance is not based on fundamentals, which ceased...

‘Not being able to connect with people was really hard’: Company sports teams are finally getting back together

American office workers are moving from the Zoom window to the batter’s box. When Sean O’Rourke took the field at a softball league on Monday...

This industry saw a 112% rise in job openings since the pandemic — and it’s not leisure and hospitality

When the economy shut down last year to curb the spread of coronavirus the leisure and hospitality industry, which includes hotels, restaurants and bars, took...

I’m 40, and a single, military dad of 2; I have rental income, $100K in retirement savings and expect at least $3K a month in retirement — what am I missing?

I am 40 years old and am a single, military father. My kids are 9 and 7. I signed over my Post-911 GI bill benefits...

Senate passes bill that targets China and chips in 68-32 vote

The Democratic-run Senate, with some Republican support, passed legislation on Tuesday that targets China and aims to support the American semiconductor industry, in a sign...

FDA approved the first major Alzheimer’s treatment in 18 years — what that means for your loved ones fighting the disease

The Food and Drug Administration’s accelerated approval of Biogen’s drug to treat Alzheimer’s disease, is a significant step in the fight against the debilitating illness...

Here’s what employers are NOT allowed to do to entice workers to get COVID-19 vaccinations

Answer: When the deep-fried treat is dangled as an enticement to get the COVID-19 vaccine. Government officials, companies and employers keep trying to persuade vaccine...

Teen jobless rate falls to lowest point in years

The unemployment rate in May for 16- to 19-year-old workers dropped to 9.6% from 12.3% a month earlier. If that doesn’t sound striking — especially...

G-7 Nations Agree on New Rules for Taxing Global Companies

The Group of Seven leading rich countries agreed to back new rules for taxing businesses that operate internationally in a significant step toward a global...

SEC’s Gensler removes Trump-appointed chair of top accounting regulator

Securities and Exchange Commission Chairman Gary Gensler announced the removal of William Duhnke as chairman of the Public Company Accounting Oversight Board, and named Duane...

5 surprising things in short supply this Memorial Day Weekend

It’s an odd choice of vehicle for someone who is not in the moving business. Up until this week, Matt Landau had never actually driven...

Yellen says financial literacy can help create a ‘more equitable economy’ — and Americans appear to be listening

The pandemic reaffirmed a hard lesson that lives and plans can change with blistering speed — and not always for the better. Millions of workers...

I’m 49, my wife is 34, we have 4 kids and $2.3 million saved. I earn $300K a year but ‘lose a lot of sleep worrying about tomorrow’ — when can I retire?

I am 49 years old (turning 50 this year) and my wife is 34. We have two young children under the age of 2, and...