Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment.
For the estimated six million Americans working in tipped industries, a sweeping change to the tax code is dramatically altering their take-home pay. Under the provisions of the “One Big Beautiful Bill Act,” a temporary federal tax deduction has been established to significantly lower the tax liability for eligible workers. The incentive allows employees and self-employed individuals to deduct up to $25,000 annually in qualified tips, providing a substantial financial cushion that runs through the 2028 tax year. To qualify for the deduction, the Internal Revenue Service requires that a...
The United States rolled out a major wave of import tariffs targeting 60 trading partners, invoking Section 301 of the Trade Act of 1974 to enforce a standard tax on incoming foreign goods. The new measures impose a baseline duty of either 10% or...
A sharp selloff in the fixed-income market has pushed the yield on the...
July saw a shift in market leadership as investors moved beyond the large...