Equity compensation for employees is booming. As stock markets surge, companies find rejuvenated value in granting equity to employees, not just to executives. Those employees, in turn, are getting ever more comfortable with stock investing via online trading apps. All of this means that the need for financial-planning advice is also booming, especially for employees
Taxes
Depending on the month, day, hour, or minute you check the news, you might think investing in cryptocurrency or being paid in cryptocurrency is the greatest idea since sliced bread or the worst possible use of your money, ever. Whether you agree with Warren Buffett that cryptocurrency has “no value” or think Bitcoin’s value will
The American Rescue Plan expanded the Child Tax Credit (or CTC) to $3,000 per qualifying child between the ages of 6 and 17 or under (thus expanding eligibility for an additional year) and further increased the credit to $3,600 per qualifying child under age 6 for tax year 2021 only (and income thresholds apply). The
As recent letters to taxpayers who might be eligible for the advance child tax credit indicated would happen, the IRS is in the midst of launching online portals to help families navigate the advance credit for 2021. This is the next big step in implementing the expanded benefit before monthly distributions of the advance credit begin in
Today’s column addresses questions about spousal benefit amounts when both spouses file at 62, taking retroactive retirement benefits before larger spousal benefits and when divorced spousal benefits might be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize My Social