It is a common misconception among retirees to overlook the impact of taxes on their retirement savings until it is time to withdraw funds from their pretax accounts. According to a study by Northwestern Mutual, only 3 in 10 Americans have a concrete plan to reduce taxes on their retirement savings. This can be a
Flight delays are a common frustration for travelers, often leading to missed connections and disrupted plans. While bad weather is a typical culprit, there are many other factors at play. From ground stops issued by the Federal Aviation Administration to mechanical issues and airport congestion, there are various reasons why flights may be delayed. United
Tungsten, a crucial metal in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines, is predominantly sourced from China. With its high energy density and durability, tungsten plays a significant role in modern manufacturing processes. Despite its importance, China has not imposed strict restrictions on tungsten exports like it has
In recent years, the Federal Reserve’s efforts to combat high inflation by keeping interest rates high have led to a situation where investors can earn 5% annual percentage yields on savings accounts and other low-risk investments. This has created a sense of security and comfort among investors, especially younger ones with a longer time horizon
The Florida Panthers, the National Hockey League Stanley Cup champions, have recently made a significant move by signing a multiyear deal with E.W. Scripps to broadcast their regular season games on local broadcast networks in Florida. This decision marks a departure from their previous cable TV regional sports network home. The new partnership with Scripps
Individual retirement accounts (IRAs) have been growing steadily in recent years, with the median balance reaching $87,000 in 2022. This increase in IRA balances can lead to potential tax issues for retirees or their children who inherit the assets. Experts have pointed out that higher pretax IRA balances can become a “tax nightmare in retirement,”
Recently, media mogul Barry Diller’s IAC has shown interest in acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount Global. While National Amusements previously halted talks with Skydance regarding a proposed merger with Paramount, discussions are now underway with IAC. Diller’s company has signed a nondisclosure agreement and
Passion tourism is a concept that has been gaining traction among Americans, with a focus on traveling abroad to indulge in personal interests, hobbies, or cultural events. The recent surge in Americans traveling overseas to attend Taylor Swift concerts is a prime example of this trend. Taylor Swift’s European tour, in particular, has captivated the
In a year filled with challenges for college applicants, the significance of financial aid in the decision-making process cannot be overstated. The amount of financial aid offered and the distribution among grants, scholarships, work-study opportunities, and student loans have always been key factors in selecting a college. However, in 2024, the issues with the new
General Motors recently reported its best quarterly sales in over three years, showcasing significant increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker shared that sales for the second quarter reached 696,086 units, a 0.6% increase from the previous year, marking its highest quarterly sales since the fourth quarter of 2020. Notably, the