Forbes compared more than 800 locales in America on everything from housing costs and taxes to healthcare, air quality, crime and climate change and natural hazard risk. These are the top 25 cities for retirees. After 30 years in Orange County, Calif., Rex and Barbara Scott picked up last year and moved to Sioux Falls,
Taxes
President Joe Biden and Senate Finance Committee Chair Ron Wyden (D-OR) have proposed different ways to tax unrealized capital gains every year. Their shared goal is understandable, with trillions of dollars escaping income tax under current law. But each plan raises serious administrative and legal problems. My colleague, Rob McClelland, and I suggest a simpler,
Today’s Social Security column addresses questions about whether the 2022 5.9% COLA applies to benefits filed for after December 2021, when one child’s benefit cessation can increase another child’s benefits and when the Windfall Elimination Provision (WEP) might not be applied. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
In accelerating forgiveness of certain income-based student loans, President Biden performed minor cosmetic surgery on an atrocious system. Fortunately, there’s a simple solution: Let students and parents borrow as well as refinance their loans at the prevailing Treasury’s 30-year bond rate. In accelerating forgiveness of certain income-based student loans, President Biden performed cosmetic surgery on
The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion