The US Supreme Court limited state taxation of trusts. Getty The US Supreme Court, on June 21, 2019, issued a unanimous decision on state income taxation of trusts that was taxpayer friendly. The Supreme Court held, in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, that the law authorizing the State
Retirement
Photographer: Daniel Acker/Bloomberg © 2019 Bloomberg Finance LP Once upon a time, PepsiCo had a Greek snack problem: Best Foods, a fast-growing start-up company founded by entrepreneur Nontas Ohonos. That was back in the 1980s when PepsiCo entered the Greek market. The American giant had the scale and resources to expand into the market, snapping
Reverse mortgages are very misunderstood products Getty A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz. One possible explanation for the poor performance is a lot of misinformation floating about.
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column takes up eligibility for restricted applications, potential effects of early retirement benefits on later spousal benefits, filing before 70 to allow spousal benefits, determining Primary Insurance Amounts (PIA)s and the
If you’re a baby boomer planning your retirement, you face a series of critical decisions that will influence your quality of life for the rest of your life. While these decisions may be hard to make, no one said it would be easy to be retired for 25 to 30 years. No one also said